We at Model D have been closely following developments between the city, county, and other actors as they try to resolve the tax foreclosure crisis that's racked Detroit for nearly a decade. See our articles on understanding the crisis , possible solutions to the crisis , and other bits of news .
When a mortgage company faces having its mortgage interest swept away in a quiet title action following an HOA lien foreclosure, the mortgage company comes up with all sorts of arguments as to why its mortgage should remain intact. This time, the arguments did not carry the day. Foreclosure News
A decade now after the 2008 financial crisis, the cultural and psychological imprint that it left looks almost as deep as the one that followed the Great Depression. Its legacy includes a new radical politics on both left and right; epidemics of opioid-abuse, suicides, and low birthrates; and widespread resentment, racial and gendered and otherwise,…
Wells Fargo & Co. disclosed another round of lapses and potential scandals in a quarterly report Friday, saying that it faces a U.S. inquiry into its purchase of low-income housing credits and conceding that it may have unnecessarily foreclosed on about 400 homeowners. Foreclosure News
Link to Fitch Ratings' Report: Denmark Residential Mortgage Rating Criteria Addendum here LONDON, November 21 Fitch Ratings has updated its Denmark Residential Mortgage Rating Criteria Addendum assumptions. The criteria assumptions are used for analysing Danish residential mortgages in covered bond programmes. Foreclosure News
The $ 1 billion Mercer Crossing community under construction northwest of Dallas is one of the largest projects being built in the town of Farmers Branch. The residential community near LBJ Freeway is also the biggest deal yet by fast-growing local builder Megatel Homes – founded by two brothers from Cyprus who started out buying…
The CFPB and a host of 30+ state regulators slapped Ocwen with a bevy of potentially crippling cease and desist orders. Mortgage servicing is supposed to be one of the most boring topics in the financial universe. Foreclosure News
