Settlement

Mortgage servicers are increasingly working to make real estate-owned (REO) assets a more appealing and viable option for consumers
Mortgage servicers are increasingly working to make real estate-owned (REO) assets a more appealing and viable option for consumers, according to the inaugural Default Servicing Survey released by Altisource Portfolio Solutions.   Eighty-two percent of the 200 mortgage default servicing... Keep Reading....
RealtyTrac has released its Midyear 2011 Metropolitan Foreclosure Market Report, which shows that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s 211 metropolitan areas with a population of 200,000 or more. The report also shows that all top 10 metro areas with... more
Illinois Attorney General Lisa Madigan has filed a lawsuit against two Chicago companies—Avatar Realty Group Inc., formerly known as Monroe Realty & Financial Enterprises Inc. and Monroe Realty Corporation, and its president Arthur Monroe—for mortgage rescue fraud schemes that illegally charged... more
David B. Fein, United States Attorney for the District of Connecticut, has announced that Anna McElaney of Norwalk, Conn. has been sentenced by U.S. District Judge Janet C. Hall in Bridgeport to eight months of imprisonment, followed by three years of supervised release, the first six months of... more
Validata Lender Services has announced Desktop Valuation, an appraisal product that gives lenders and borrowers an initial opinion of value on a particular property, helping lenders determine if a subject property can potentially meet the value requirement of the loan. “The continued instability in... more