Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'serious delinquency'

ARTICLES

Freddie Mac sells $659 million in “deeply delinquent” loans to unknown buyer

Executes first sale of seriously delinquent loans
Ben Lane
Freddie selected the winning bidder “on the basis of economics” from a pool of 22 prospective buyers that took part in the auction. When contacted, Freddie declined to identify the winner of the auction.
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Foreclosure pipeline drains out

Foreclosure inventory drops by a third year-over-year
Brena Swanson
The total number of homes in foreclosure in the U.S. dropped by almost a third year-over-year in November while falling to 46,000 completed foreclosures from 64,000.
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Completed foreclosures fall 34%

CoreLogic records 48,000 completed foreclosures
Brena Swanson
Completed foreclosures dropped 34% year-over-year in August 2013, CoreLogic reported this week. As a whole, August’s completed foreclosures hit 48,000 filings, down from 72,000 a year earlier.
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