American Banker is reporting that Wells Fargo ($39.88 0.62%) andCitigroup ($51.45 0.84%) ‘halted’ most of their foreclosure sales in several states after evaluating the process against the backdrop of new guidance from the Office of the Comptroller of the Currency.
Reporters Jeff Horwitz and Kate Berry wrote that within two weeks of the OCC’s release of new guidance on minimum standards for foreclosure sales, Wells, Citi and JPMorgan ‘all but stopped’ foreclosure sales.
Since then, JPMorgan has picked them back up again.
American Banker: Wells, Citigroup halt foreclosure sales in several states | HousingWire.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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