Enterprise Community Partners Inc.Click to continue

Sparked by rising home prices across much of the nation, the housing recovery is now under way, but fiscal uncertainties and other challenges could result in a bumpy ride in the coming months, according to economists participating in the National Association of Home Builders (NAHB) recent Webinar on the construction and economic outlook.Click to continue

JPMorgan Chase & Company reported record net income for third-quarter 2012 of $5.7 billion, compared with net income of $4.3 billion in the third quarter of last year. Chase's mortgage banking originations were a record $47 billion for the firm, up 29 percent compared to the totals in Q3 of 2011.Click to continue

RealtyTrac has released its U.S. Foreclosure Market Report for September and the third quarter of 2012, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 180,427 U.S. properties in September, a decrease of seven percent from the previous month and down 16 percent from September 2011. September’s total was the lowest U.S. total since July 2007.Click to continue

U.S. Attorney General Eric Holder, U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan, FBI Associate Deputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon Leibowitz have announced the results of the Distressed Homeowner Initiative, a nationwide effort to target fraud schemes that prey upon suffering homeowners.Click to continue

The Federal Trade Commission (FTC) has filed three separate suits in federal court to halt the allegedly deceptive tactics of three operations that preyed on distressed homeowners by falsely claiming they could save their homes from foreclosure, and then charging them thousands of dollars upfront, while delivering little or no help and often driving them deeper into debt.

“With many homeowners still struggling to hold onto their homes, the FTC takes a hard line against con artists who are seeking their next victim,” said Jon Leibowitz, chairman of the FTC.Click to continue

CoreLogic has reported that the current residential shadow inventory nationwide as of July 2012 fell to 2.3 million units, a total supply of six months—a 10.2 percent drop from July 2011, when shadow inventory stood at 2.6 million units, which is approximately the same level the country was experiencing in March 2009. Currently, the flow of new seriously delinquent (90 days or more) loans into the shadow inventory has been roughly offset by the equal volume of short sales and real estate-owned (REO) sales.Click to continue

CoreLogic has released its National Foreclosure Report for August that provides monthly data on completed U.S. foreclosures and the overall foreclosure inventory. According to the report, there were 57,000 completed foreclosures in the U.S. in August 2012, down from 75,000 in August 2011 and 58,000 in July 2012. Since the financial crisis began in September 2008, there have been approximately 3.8 million completed foreclosures across the country. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure.Click to continue

U.S. Sen. Jeanne Shaheen (D-NH) has called on Bank of America to improve their service and communication with homeowners receiving relief under the National Mortgage Settlement in a letter sent to Bank of America CEO Brian Moynihan. Shaheen stressed that a large number of homeowners in her home state of New Hampshire have voiced their frustrations that Bank of America has been unwilling or unable to effectively communicate essential information.Click to continue

The August Mortgage Monitor Report released by Lender Processing Services Inc. (LPS) shows a significant increase in prepayment rates in August—a key indicator of refinance activity. Prepayment rates in August rose above those seen in the "mini-refinance waves" of both 2009 and 2010, hitting their highest levels since 2005. LPS Applied Analytics Senior Vice President Herb Blecher explained that the impact of this increase has been both pronounced and broad-based.Click to continue