Revealed: BlackRock owns considerable stock in housing’s biggest players

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CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
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Items Tagged with 'Foreclosure'

ARTICLES

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence
Ben Lane
Ocwen fired back at claims of mortgage payment negligence, saying that the mortgage bond investors that accused it of failing in its duties as servicer have ulterior motives. “Your letter obscures the ultimate objective of your investor clients: to stop servicers from modifying loans and force them to foreclose on and evict as many struggling homeowners as quickly as possible,” Ocwen said in response.
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RealtyTrac: Distressed home prices hit new 5-year high

Median homes prices remain flat
Brena Swanson
While median sales prices of single-family homes and condos reported little movement compared to a month ago, the same can’t be said for distressed home prices, which reached their highest level since December 2009.
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Massachusetts foreclosure activity rises in November

More than doubles 2013 foreclosure petitions
Ben Lane
November foreclosure activity in Massachusetts rose by more than 150% over 2013, but the figures actually fell from October's total.
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Colorado AG charges two more foreclosure law firms with fraud

Accused of inflating costs
Ben Lane
Attorney General John Suthers sued two foreclosure law firms, Robert J. Hopp & Associates and The Hopp Law Firm, and The Vaden Law Firm, stating that the firms overcharged consumers, for amongst other things, non-existent title insurance policies.
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RealtyTrac reports foreclosure activity fell 9% in November

Trouble ahead: Foreclosure starts increase for first time since mid-2012
Trey Garrison
The good news is foreclosure activity dropped in November. The bad news? Foreclosure starts are up for the first time in two-and-a-half years. Here's how it breaks out.
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CoreLogic: September completes 41,000 foreclosures

Foreclosure inventory down almost one-third from a year ago
Brena Swanson
The foreclosure inventory continued to trend lower in September, and according to Anand Nallathambi, president and CEO of CoreLogic, if current rates continue, 2015 could mark a new low for foreclosure inventory.
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$89 billion: The principal reduction price tag to save American homeowners

Black Knight quantifies principal reduction
Brena Swanson
With the increased debate surrounding principal reduction, Black Knight set out to quantify the scope of the issue. And while the number of underwater borrowers has significantly improved over the years, the number still adds up to a whopping $89 billion.
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Homeowners murdered while taking possession of Detroit foreclosure

Gunman kills father and daughter
Ben Lane
A Detroit man and his daughter died after they tried to take possession of a home he’d purchased at a foreclosure auction. A confrontation ensued after they arrived at the home to find the previous owners moving out and allegedly taking more than just their possessions.
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Philadelphia Fed: Could principal reduction save bankrupt homeowners?

Mortgage lenders don't think so
Brena Swanson
Mortgage strip-downs were originally introduced after the housing crisis as a way to reduce the overwhelming amount of houses going into foreclosures. And while lenders successfully blocked the legislation, new data from the Philadelphia Fed shows that lenders may have had it wrong.
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Fannie Mae partners with Detroit to demolish foreclosed homes

GSE will sell vacant properties to Detroit Land Bank
Ben Lane
In what the parties are calling an “initial transaction,” Fannie announced that it will sell 44 foreclosed properties to the Detroit Land Bank Authority “for a nominal fee,” and contribute funds for the demolition of some of the properties.
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