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The Mortgage Bankers Association said its index on mortgage application volume in the week ended Oct. 9 fell to 387.0, down 27.6 percent from the prior week. The decline was the steepest percentage. The volume of mortgage applications to purchase a home slid again last week by 3 percent, the third consecutive weekly decline.

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The unfolding foreclosure scandal just keeps expanding. what the required conditions were for a bank to foreclose or who the holder of the mortgage note was. "I don’t know the ins and outs of the. Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento said the bank’s mortgage modification process and mistaken foreclosure.

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Who Buys Notes and Why Do The Want To Buy My Mortgage Note Anyway? There are several types of people or companies that buy notes: There are few big investors with millions of dollars to invest that buy real estate notes but the vast majority of notes are bought by small investors who buy them for cashflow or for the retirement accounts.

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