Items Tagged with 'foreclosure timelines'

ARTICLES

  • HUD watchdog: Servicer foreclosure delays cost FHA $2.23 billion

    Report finds FHA overpaid servicers due to foreclosure, conveyance delays
    A new report from a government watchdog shows that mortgage servicers’ delays in foreclosing on properties and subsequent delays in the conveyance of those properties to the Federal Housing Administration cost the FHA as much as $2.23 billion in unnecessary payouts.
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  • New York adopts "sweeping" new laws to tackle foreclosure problems

    Will fight rise of zombie homes; new rules imposed on lenders, servicers
    While the U.S. Senate could soon consider new rules governing the maintenance of foreclosed homes and the glut of "zombie homes" that blight many communities throughout the country, the state of New York is taking the matter into its own hands. Late last week, New York Gov. Andrew Cuomo signed "sweeping" legislation to reform the state’s foreclosure process and address the state’s issues with zombie homes.
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  • CoreLogic: Foreclosures fall to lowest level since 2006

    Recovery from housing crisis continues
    In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed foreclosures in any year since 2006, a new report from CoreLogic shows.
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  • 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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