Could getting a home mortgage under today's post-housing bust regulations and procedures be even remotely comparable to going to the dentist to get drilled? Or anything like having your annual physical, where every body part potentially is subject to inspection and prodding? Has the process of applying and qualifying at a time of super-strict underwriting […]
As Black History Month observances continue throughout the nation, now is an apt time to revisit the unmet housing finance challenges that affect African-Americans, other consumers of color and low-income whites. While many consumers have felt an economic recovery, many others remain locked out of homeownership and the resulting opportunity to build wealth through home […]
As Black History Month observances continue throughout the nation, now is an apt time to revisit the unmet housing finance challenges that affect African-Americans, other consumers of color and low-income whites. While many consumers have felt an economic recovery, many others remain locked out of homeownership and the resulting opportunity to build wealth through home […]
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Release from the Commonwealth of Virginia Office of the Attorney General: RICHMOND – Attorney General Mark R. Herring announced today that more than 2,100 Virginia borrowers who were harmed by the mortgage servicing and foreclosure practices of HSBC will begin receiving checks of approximately $ 1,200. Eligible borrowers included those who had mortgages serviced by […]
A new program offered by Fannie Mae and Freddie Mac will provide delinquent borrowers relief through a 20 percent mortgage payment reduction, the enterprises recently announced. The program, the Flex Modification, available by or on Oct. 1, 2017, is open to borrowers who are at least 60 days delinquent on their loan. Foreclosure News
A federal disaster declaration because of Hurricane Matthew has put a 90-day hold on foreclosures of Federal Housing Administration-insured mortgages in Chesapeake, Newport News, Norfolk and Virginia Beach. President Barack Obama made the declaration earlier this month, allowing the Department of Housing and Urban Development to offer assistance to people who have FHA mortgages. Foreclosure […]
The federal government has sold thousands of delinquent Maryland mortgages to private investors through a controversial program that critics argue hurts homeowners and contributes to Baltimore's vacancy problem. Now they're mounting a campaign to try to change the program established by the U.S. Department of Housing and Urban Development in 2010 partly to get bad […]
Advocacy groups have alleged that Pasadena's OneWest Bank discriminates against minorities and want federal housing regulators to investigate. Above, a 2011 protest over a OneWest foreclosure in La Puente. Foreclosure News
New York lawmakers are moving to boost protections for reverse-mortgage borrowers in foreclosure – after a report by The Post. Last month, The Post broke the story about a rising tide of foreclosures on reverse mortgages , risky home equity loans made to senior citizens. Foreclosure News