Sengdao Vongruksukdi's Blog

The National Association of Realtors has revealed an upward trend in the short sales market of foreclosed properties for the first six months of 2010.  The Association recorded an average of 2.3% increase nationwide.  Although the increase is much lower in many parts of the country - less than 1%...

I hope you had a great thanksgiving holiday...but now it is back to business. As recently reported in www.DSNews.com, the ongoing controversy surrounding deficiencies in foreclosure documentation is taking its toll on the housing market as a significant share of home shoppers refused to even look...

The National Association of Realtors (NAR) issued a notice this week explaining Wells Fargo's new rules surrounding short sale transactions when a foreclosure is pending. Earlier this month, Wells Fargo advised NAR that it has modified its existing guidelines to allow the postponement of a schedu...

Mortgage-backed securities holders are pushing for a resolution of a 50-state probe of foreclosure practices, attorneys general in Iowa and Arizona said as talks with lenders and servicers expand to include investors. "The mortgage backed securities are worth pennies on the dollar, so any kind of...

The National Association of Realtors (NAR) issued a notice this week explaining Wells Fargo's new rules surrounding short sale transactions when a foreclosure is pending. Earlier this month, Wells Fargo advised NAR that it has modified its existing guidelines to allow the postponement of a schedu...

In a nutshell, BofA, Wells Fargo and CHASE each have more than $20B in severely defaulted loans and foreclosed loans.  The number of delinquent loans (more than 30 days) is even more staggering.  Here are the actual numbers: CHASE - $21.7 billion in foreclosure or foreclosed, $43.4 billion delinq...

It seems every stat we hear about loan modifications is a negative one.  I too am guilty of this. We are drawn to the short fall of the HAMP program, and mesmerized by the predictions of the re-default rates of borrowers who received permanent HAMP modifications.  But there is another number that...

It was a pretty active week in the default space.  We will shot gun a few of the larger stories and then I'll add my closing commentary.  Now more than ever, it is important to keep your finger on the pulse with what is happening at the government level, as well as at the street level in our spac...

It was a pretty active week in the default space.  We will shot gun a few of the larger stories and then I'll add my closing commentary.  Now more than ever, it is important to keep your finger on the pulse with what is happening at the government level, as well as at the street level in our spac...