156 sheriff’s deeds were filed with the Cuyahoga County Recorder’s Office last week (March 17 through March 21).
Here’s who filed five or more:
Deutsche Bank (25)
US Bank (21)
Wells Fargo (16)
Federal National Mortgage Assn (14)
Department of HUD (9)
Federal Home Loan Mortgage Corp (8)
HSBC Bank (6)
Washington Mutual (5)
(Previous week.)
Reuters yesterday:
Authorities in Philadelphia will suspend foreclosure sales of homes whose owners have fallen behind on adjustable-rate subprime loan payments — potential relief for tens of thousands of struggling debtors.
Sheriff John Green said on Friday he would halt sales of foreclosed properties in April and would seek a court order extending a moratorium for an [...]
Bloomberg yesterday:
At least five states and cities — Louisiana, Indiana, New Jersey, Washington, D.C. and Cleveland — have used tax-exempt auction-rate bonds to host teams in the NFL, National Basketball Association and Major League Baseball since 2005.
The debt was billed by bankers as a cheap alternative to conventional fixed-rate bonds. [...]
This is a month old, but I can’t find any mention of it in the PD or elsewhere. From the CMSD Bond Accountability Commission’s most recent “Program Progress Update“, released on February 19:
Schedule performance. Segments 3 and 4 of what currently is a nine-segment program are at least a year behind the original Master Plan [...]
A new report from Policy Matters Ohio:
A major supplier of compact fluorescent light bulbs to General Electric Co. requires many to work a 64-hour week that exhausts workers and violates Chinese labor law. Many workers at the plant in southern China, which is partly owned by GE, have no idea they are producing a product [...]
Licking their chops. From the Sacramento Business Journal yesterday:
Wells Fargo CEO John Stumpf said the financial crisis is presenting the bank with more acquisition opportunities.
“I would not be averse to a Fed-assisted transaction,” Stumpf said in a recent interview with the San Francisco Business Times. “Fixer-uppers don’t bother us.”
The San Francisco banker said any deal [...]
Common Pleas Court staff has posted a pdf version of the Court’s proposed new foreclosure mediation program, which Judge Eileen T. Gallagher presented to a packed house at a public meeting last Thursday.
As regular readers know, the Federal National Mortgage Association, a quasi-public corporation commonly known as Fannie Mae, is routinely one of the three or four largest filers of foreclosure deeds in Cuyahoga County.
Fannie Mae doesn’t lend money to homebuyers, so it doesn’t actually foreclose on them either. What it does is buy up mortgages from [...]
163 sheriff’s deeds were filed with the Cuyahoga County Recorder’s Office last week (March 10 through March 14).
Here’s who filed five or more:
Department of HUD (23)
Deutsche Bank (19)
Bank of New York (12)
Federal National Mortgage Assn (12)
US Bank (11)
Wells Fargo (10)
Third Federal (10)
HSBC Bank (7)
Federal Home Loan Mortgage Corp (5)
(Previous week.)
Court will hold meeting Thursday [...]
I have a few questions about the MedMartConCenter deal that the Plain Dealer didn’t mention yesterday. If some reader knows Fred Nance, maybe you could pass them along.
1. The PD keeps saying the .25% sales tax is supposed to raise $38 million a year to service the bonds. But the RTA’s 1% tax — [...]