Mortgage servicer Ocwan Financial has been ordered by the state of Illinois to stop making loans, which the company calls a “vast overreach.” Mortgage servicer Ocwan Financial has been ordered by the state of Illinois to stop making loans, which the company calls a “vast overreach.”
About 900 houses sit within the Boston-Edison Historic District, and it seems like we see a different house listed every week. These homes were mainly built between 1905 and 1925, and admittedly, many of us are fascinated with how they are renovated. Foreclosure News
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…
On February 21, 2017, the United States District Court for the Central District of California issued a stipulated order as to the final defendant in an alleged mortgage-relief scam. The court had entered judgment against the other co-defendants in the case, Federal Trade Comm'n v. Foreclosure News
In my August post , I discussed two cases. In the Failla case, the Eleventh Circuit affirmed the District Court's opinion that “once the debtor decides to 'surrender' secured property [w]hile the debtor need not physically deliver the property to the secured party, the debtor is precluded from taking any action which would interfere with…
Drafting an ordinance to address abandoned or bank-owned properties not maintained and commonly referred to as “zombie” houses, will be a priority for city officials in 2018. An increased number of homeowners lost their homes in foreclosures during the last decade due to economic issues, said Mayor James Anzaldi. Foreclosure News
Las Vegas, as we know, was the foreclosure capital of America during the recession. Job losses soared as borrowers throughout the valley fell behind on their mortgage and lost their home to lenders. Foreclosure News
