Mortgage technology will be ready to address TRID

Mortgage technology will be ready to address TRID

Won’t magically make challenges and cost of compliance disappear

Mortgage industry embraces new CFPB mortgage toolkit

Know Before You Owe gets qualified stamp of approval

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs
W S

Items Tagged with 'Foreclosures'

ARTICLES

More than one-third of America holds no emergency savings

Improving economy still leaves millions on brink of foreclosure
Ben Lane
Despite marked improvement in the economy since the end of the housing crisis, millions of Americans are still on the brink of foreclosure due to a lack of savings. How bad is it?
Read More

Black Knight: Foreclosure inventory reaches lowest level since 2007

Last month’s jump in foreclosures reverse course
Trey Garrison
January’s jump in foreclosure starts reversed course - and then some - in February, dropping by 15% to 79,700 for the month, its lowest level since last November, and the third lowest point in at least seven years. Here's what happened.
Read More

HOPE NOW: 35,000 homeowners receive loan modifications

Loan mods drop as foreclosure sales decline
Brena Swanson
Although the number of borrowers receiving loan modifications has declined monthly, this is not necessarily bad news for housing.
Read More

RealtyTrac: Foreclosures will soon return to pre-crisis level

Foreclosure activity falls to lowest level since July 2006
Ben Lane
This year may finally be the year that we're able to put the foreclosure crisis behind us. According to a new report from RealtyTrac, foreclosure activity, which includes default notices, scheduled auctions and bank repossessions, is on track to return to pre-crisis levels by the end of 2015.
Read More

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
Ben Lane
You can say a lot of things about the foreclosure crisis, but you can’t say that moving into a neighborhood destroyed by foreclosures could drive a man insane after he falls victim to ancient curses while living a haunted house. Until now!
Read More

New York doubling down in fight against zombie foreclosures

Attorney General announces new legislation to address “growing problem”
Ben Lane

New York Attorney General Eric Schneiderman announced on Monday that he plans to resubmit an expanded version of a bill he first introduced in 2014 to the state legislature. The bill, called the Abandoned Property Neighborhood Relief Act, is designed to reduce the number of zombie homes by informing homeowners of their right to stay in their home until a court orders them to leave.


Read More

Military members to receive $123 million for unlawful foreclosures

Relief is part of National Mortgage Settlement
Ben Lane
According to the U.S. Department of Justice, Bank of America, JPMorgan Chase, Citi, Wells Fargo and GMAC Mortgage will send payments to 952 service members and their co-borrowers for conducting non-judicial foreclosures conducted in violation of the Servicemembers Civil Relief Act.
Read More

CoreLogic: Foreclosures down 13.7% year-over-year

39,000 completed foreclosures in December
Brena Swanson
While foreclosures continue their downward trend, completed foreclosures last year were less than half of the 1.2 million peak in 2010, but remain twice the level of normal activity over 10 years ago.
Read More

RealtyTrac: One in four foreclosures are zombie homes

Share of zombies up despite decline in total foreclosures
Trey Garrison
The share of foreclosures that are zombie homes is up despite the overall decline in foreclosures. Here’s why, and what it means for housing demand going forward.
Read More

Black Knight: Delinquencies drop 7% in December

Foreclosure starts jump 21% from November
Trey Garrison
Delinquencies dropped by 7.2% in December, bringing the national delinquency rate back under 6% and down to 5.6% for the month, and nearly 13% down from this time last year. Here's what's happening.
Read More