Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement
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Items Tagged with 'Foreclosures'

ARTICLES

Freddie Mac joins Fannie Mae in extending foreclosure timelines

Also raises number of allowable days for foreclosure proceedings in 33 states
On Thursday, Fannie Mae announced that it was increasing its maximum number of allowable days for a foreclosure sale in 33 states. But Fannie wasn’t alone. Freddie Mac also announced Thursday that it is increasing the maximum number of allowable days for “routine” foreclosure proceedings in those same 33 states.
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Fannie Mae extends foreclosure timelines in 33 states

Raises number of allowable days for foreclosure proceedings
Fannie Mae announced that it is increasing the maximum number of allowable days for “routine” foreclosure proceedings for much of the country. Click here to see where Fannie Mae just changed the foreclosure timelines.
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RealtyTrac: Share of in-foreclosure sales hits 15-year low

Cash sales hit 8-year low
Sales of properties in-foreclosure and cash sales were down from a year ago to multi-year lows while year-to-date U.S. home sales in 2015 are at an eight-year high, and the U.S. median home price in July was at an 82-month high. Say what you will, this is one area of housing that's slowly fading. Read on.
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RealtyTrac: Foreclosure filings up 7% in July

Marks 5 months of year-over-year increases
There was a total of 124,910 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in July, up 7% from the previous month. RealtyTrac vice president explains why.
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New York comptroller: State’s foreclosure crisis far from over

New report shows increasing foreclosures outside NYC
Despite efforts to combat the glut of foreclosures that have choked New York’s court system and blighted many of the state’s neighborhoods, a new report from the New York comptroller shows that the state’s foreclosure crisis is nowhere close to being resolved – and in many cities, it’s actually getting worse.
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Foreclosure starts at a 10-year low in first half of 2015

Accelerating bank repos 37% above pre-crisis watermark
There were a total of 597,589 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2015, down 13% from the previous six months and down 3% from the same time period in 2014. Things are changing but where are the trends heading?
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