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It looks like the mortgage soap opera may be well into a new act and one doomsayer is predicting that there is a rotund woman with a horned helmet and a spear waiting in the wings. Iris Martin, writing in the Huffington Post on Monday set forth her claim that a huge percentage of securitized mortgages are fraudulent and asserted that many foreclosures are already being thrown out of court based on the poor or non-existent titles of those of those who are bringing the foreclosure action. Lack of perfection...

The Obama administration unveiled a $75 billion housing plan on Wednesday, which it says will help seven to nine million American families avoid foreclosure . In a White House press release, the Obama administration said the mortgage plan will boost confidence...

The housing market performed miserably in 2008, but the final month of the year showed an upside surprise in sales of previously-owned homes against expectations of a third consecutive monthly decline. The pace of existing home sales jumped 6.5% in December...

As a follow-up to a story we published last week regarding the eviction of renters from foreclosed homes , we are happy to now report that Fannie Mae has become the first lender to review and reverse its eviction policies. Many big lenders immediately move to evict tenants from homes following the completion of the foreclosure process even if these renters are current in their rent or have been tenants for many years. Many of the renters may not even have been aware that there was a problem with...

Starting way back in 2006 with the publication of John Talbot's book Sell Now we have been advised by a lot of experts that this is a good time to be a renter rather than a homeowner. Well, maybe not so much. Newspapers throughout the nation are reporting that renters, most of them totally innocent bystanders, are being dislocated or even worse, made homeless by the wave of foreclosures sweeping the nation. Even when they are current in their rent tenants are frequently finding that their landlords...

Federal Reserve Chairman Ben Bernanke said market failure is inhibiting loan modifications and that the Fed may start buying securities to help drive down the mortgage rate. Speaking about the housing market at a conference organized by the Federal Reserve...

The $700 billion Troubled Asset Relief Program (TARP) was designed to stabilize the financial system and improve lending liquidity, and "is not a panacea for all our economic difficulties" said U.S. Treasury Secretary Henry Paulson on Tuesday...

Government-sponsored enterprises Fannie Mae and Freddie Mac are expected to announce a program to help homeowners modify loans and prevent foreclosures , according to the Wall Street Journal, who cited unnamed U.S. officials. The program, expected to...