Settlement Articles

November 2016 saw a total of approximately 107,000 total loan modifications, short sales, deeds in lieu and workout plans compared to an estimated 21,500 foreclosure sales, according to new data from HOPE NOW.

HOPE NOW: 107K Loan Mods in November

November 2016 saw a total of approximately 107,000 total loan modifications, short sales, deeds in lieu and workout plans compared to an estimated 21,500 foreclosure sales, according to new data from

Ocwen Helps 75,000 Homeowners Avoid Foreclosure in 2016

Foreclosure Inventory Shrinks by 30 Percent

The national foreclosure inventory plummeted by 30 percent on a year-over-year basis in November 2016, while the level of completed foreclosures fell by 25.9 percent, according to

Leaked Memo Coincides With “Foreclosure King” Campaign Against Mnuchin

A 2013 confidential memo written by lawyers in the office of then-California Attorney General Kamala Harris regarding the foreclosure activities of OneWest Bank has mysteriously appeared ahead of the upcoming Senate confirmation hearings of Steven Mnuchin, the bank’s former owner and President-El

Erroneous Foreclosure Code Still Results in Loan Denial for Past Short Sellers in Freddie Mac Loan Prospector for Conventional Loans

In August of 2014, Fannie Mae successfully implemented an automated system workaround that enabled lenders to correct conventional loan Refer/Ineligible findings when past short sale credit shows up as a foreclosure in the Desktop Underwriter or Originator.

There is more very good news on the mortgage servicing side of the industry: According to the latest data from HOPE NOW, there were 113,000 mortgage solutions completed in October

HOPE NOW: 113K Mortgage Solutions in October

There is more very good news on the mortgage servicing side of the industry: According to the latest data from

New Data Tracks Declines in Negative Equity and Foreclosures

Although the national negative equity rate fell to 10.9 percent in the third quarter, down from 13.4 percent a year earlier, 11 percent of homeowners—5.3 million households—are still underwater,

Look Out Below! Foreclosure Rates Continue Plummeting

To borrow a lyric from Bruce Springsteen, the foreclosure level is “goin’ down, down, down, down.” According to

Negative Equity: Effects, Data and Solutions

Last week, after years of research, I wrote a paper that detailed the urgent need for a refinance for negative equity or “underwater” non-Fannie Mae, non-Freddie Mac first mortgages, second mortgages and home equity lines of credit (HELOC)1 where no refinance

There was an October surprise in the housing market: ATTOM Data Solutions reports there was a total of 105,481 U.S. properties with foreclosure filings last month

U.S. Foreclosure Activity Increases 27 Percent in October

There was an October surprise in the housing market: ATTOM Data Solutions reports there wa

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