Items Tagged with 'Foreclosures'

ARTICLES

Mnuchin transition team defends OneWest mortgage operations 

Cites two clear examples of exemplary modification behavior
Back in 2013, an internal memo, recently published by The Intercept, urged top officials in then-Attorney General Kamala Harris’s office to sue OneWest Bank over allegations of foreclosure violations in the state of California. Donald Trump’s nominee for Treasury secretary, Steve Mnuchin, ran OneWest Bank from 2009 to 2015. And now, a spokesman for him on behalf of the presidential transition team is calling that leaked memo "meritless."
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Senate Democrats miss the mark calling Trump Treasury pick “foreclosure king”

What kind of foreclosures are we talking about here?
According to Jack Guttenberg Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania writing in the Huffington Post, Democrats may find it troubling to get the “foreclosure king” label to stick, primarily due to a level of misreporting in the media.
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Homeowners facing foreclosure hit 9-year low

Black Knight report shows only 1% of all mortgages in active foreclosure
A new report from Black Knight Financial Services shows that by one metric, the housing market is healthier than it’s been since the crisis began. According to new data released Tuesday morning by Black Knight, the rate of loans in active foreclosure is lower right now than at any point in the last nine years.
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EXCLUSIVE: Caliber Home Loans sued by Chronos Solutions over nearly $3 million in unpaid bills

Caliber, Lone Star Funds accused of not paying expenses on foreclosures
The New York Department of Financial Services is already reportedly looking into how Caliber Home Loans and its parent company, Lone Star Funds, after receiving complaints from consumers about how the companies handle foreclosures. But now, the companies have another fight on their hands over their foreclosure practices, and it comes from an unlikely source – one of their own vendors.
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Women [still] better at paying their mortgages

Here’s more evidence
A new study from ATTOM Data Solutions shows, once again, that women are better than men at paying their mortgages. The study shows that women are less likely to go into foreclosure, despite the fact that on average they earn a lower income than men.
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