Blame it on the housing shortage: Existing-home sales posted their largest declines on an annual basis in more than three years, the National Association of REALTORS reported Wednesday. All major regions of the U.S. saw monthly and annual sales decline in January.
Eurobank Ergasias SA , Greece's third-biggest lender, recently went after a “strategic defaulter,” angry protesters stormed the courtroom to block its foreclosure attempt. The defaulter, whose name the lender won't disclose, had not serviced its loans for the last five years and owed the bank 4.85 million euros . Foreclosure News
Cypriot banks need to apply “additional and persistent” efforts to wrestle down a stockpile of non-performing loans , ECB's Daniele Nouy said in an interview published on Monday. Nouy, who heads banking supervision at the European Central Bank, said there had been uneven progress across banks on handling the problem. Foreclosure News
Bottom Right Default State Name: Delaware State Name underscore: Delaware State Name dash: Delaware State Name lower underscore: delaware State Name lower dash: delaware State Name lower: delaware State Abbreviation: DE State Abbreviation Lower: de It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking…
In CFPB news, Mick Mulvaney's efforts to reshape the Consumer Financial Protection Bureau continue apace with more requests for information and improvements to the mortgage servicing rule. Finally, a recent California decision affirms the Bureau's right to properly tailored civil monetary penalties and injunctive relief, albeit in the more limited forms imposed earlier by the…
Activists argue Maryland faces another housing crisis unless the state clamps down on hedge funds turning a profit buying distressed mortgages and foreclosing on homes. Advocates, including the Consumer Law Center and the Maryland Consumer Rights Coalition, accuse several hedge funds of purchasing Maryland home loans, not servicing the loans, and aggressively pursuing foreclosures in…
And the winner in all this is the residential mortgage servicing industry, which collects monthly payments and cashes in on fees for every homeowner's misfortune. The number of repeat foreclosure filings in New York City far outstrips that of other major cities like Los Angeles, while New York state is No. Foreclosure News
