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Welcome to Puget Sound REOs

Your definite guide to REOs, HUD Homes, Bank Owned Properties and Foreclosures located in Snohomish, King, Skagit and Island Counties in Washington State.  Anton Stetner is the Group Leader of PSREOs and our team is here to serve all your REO and BPO needs. 


Are Mortgage Modifications Simply Delaying Foreclosures?

Housing SqueezeThe Office of the Comptroller of the Currency recently reported the outcomes of both HARP and HAMP foreclosure prevention programs. The numbers are surprising. Let’s take a look:

Approximately half of all borrowers who received a modification in the fourth quarter saw their monthly payments reduced by over 30 percent.


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Northwest HUD Lines for May 2012

       HUD  Northwest  HUD Lines


             MAY 2012

                              HUD e-Briefs from Alaska, Idaho, Oregon & Washington

Mary McBride, Region X Regional Administrator     206/220-5356       Leland Jones, Editor

www.hud.gov/alaska  www.hud.gov/idaho   www.hud.gov/oregon   www.hud.gov/washington

http://twitter.com/hudnorthwest 


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Justice Department Investigates Possible Interest Rate Manipulation
Interest Rate ManipulationInterest rates for credit cards, mortgages, student loans and other types of debt are set by the London Interbank Offered Rate or Libor.  However, the Justice Department suspects that there may be some Libor rate manipulation that allowed banks to both control interest rates and profit from their advance knowledge of what future rates would be. 
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