Massachusetts is seeing fewer foreclosures
This past June, Massachusetts saw its first year-over-year decrease in foreclosure petitions since 2013, according to The Warren Group. Petitions are the first step in the foreclosure process.
Similar Posts
Wells Fargo admits glitch led to hundreds of home foreclosures
ByadminWells Fargo has admitted a “calculation error” may have led to as many as 400 struggling homeowners needlessly losing their homes to foreclosure. The mistake in a mortgage-modification tool, discovered nearly three years ago , wrongly factored lawyers' fees into the formula put forth by the government to determine if a homeowner would qualify for…
CMBS loan delinquency rates fall for fifth quarter in a row: MBA
ByadminThe performance of loans included in commercial mortgage-backed securities improved for the fifth consecutive quarter, with delinquencies down 179 basis points over the time frame, according to the Mortgage Bankers Association. CMBS loans that are at least 30 days late or real estate owned fell 47 basis points to 3.05% in the third quarter. Foreclosure…
Inside Possible Blockbuster Colorado Case Heading to U.S. Supreme Court
ByadminOne of the biggest U.S. Supreme Court cases of 2018, involving Masterpiece Cakeshop owner Jack Phillips's refusal to make a wedding cake for a gay couple , came from Colorado. So, too, does a dispute involving Dennis Obduskey that the Supremes are scheduled to hear early next year. Foreclosure News
Background checks of spring election candidates
ByadminThe Kenosha News performed background checks on all of the local candidates for office who will be on the April 4 ballot. It included checks of the online state and federal court access sites, the state and federal sex offender registries and the county property database. Foreclosure News
Maryland activists say they fear hedge fund-created housing crisis
ByadminActivists 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…
Ocwen Works with Hardest Hit Fund States to Help Borrowers Access Funds
ByadminOcwen Financial Corporation , a leading financial services holding company, today joined a group of select mortgage servicers, housing finance agencies, government-sponsored enterprises , and government officials at the Eighth Annual Hardest Hit Fund Summit to discuss strategies to leverage Hardest Hit Fund resources for the benefit of borrowers in states that are participating in…