Christine Hrycenko stood outside her home on Trenton Street on Sunday afternoon, surrounded by friends and supporters carrying signs and chanting rallying cries. This was because, she said, the brown-shingled bungalow has been her home for the past 13 years. Foreclosure News
Lenders issued an average of about 500 default notices per month in the fourth quarter last year, up from just 32 a month in the third quarter and 380 per month in the first half of 2017, according to figures from housing tracker Attom Data Solutions. But before you start cheering that Las Vegas' housing […]
The financial services industry over the years has been great at shooting off its feet and drawing scorn – the financial meltdown, strong-armed foreclosure tactics, Occupy Wall Street, the Wells Fargo fake-accounts scandal, the Equifax breach and on and on – but it had managed to dodge perhaps the most dominant social issue of the […]
The performance of mortgages held by the top banks was largely unchanged from a year ago with 95% of loans current and performing at the end of the third quarter, the Office of the Comptroller of the Currency said Friday. The OCC's Mortgage Metrics Report found that foreclosure activity fell 28.5% in the third quarter […]
Assemblywoman Marlene Caride is introduced as Gov.-elect Phil Murphy's nominee for Department of Banking and Insurance commissioner. Gov.-elect Phil Murphy has now picked three assemblywomen for posts in his Cabinet, including Tuesday's selection of attorney, municipal prosecutor and three-term lawmaker Marlene Caride as commissioner of the Department of Banking and Insurance. Foreclosure News
Governor Cuomo signed the Land Bank Act into law in 2011, empowering local communities to use land banks to proactively address blighted and abandoned properties that affect their residents. Foreclosure News
We all remember the failure of Washington Mutual on Sept. 25, 2008, and the resulting catastrophe since 2009. Foreclosure News
In 2009-2010, the housing crisis was at its worst: an average of nearly 300,000 new foreclosures were started every month during those two years. Banks that serviced delinquent mortgages held off on starting foreclosure proceedings on loans located in the electoral districts of members of the House Financial Services Committee in order to influence Congressional […]
In early 2009, in the depths of the mortgage meltdown, President Barack Obama launched a multi-billion-dollar effort to stem the flood of home foreclosures. It was called the Home Affordable Modification Program , and it aimed to help families keep their homes by offering incentives to banks and loan-servicing companies that modified mortgages of troubled […]
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