Settlement

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.

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

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There is no refinance available for as many as 6.4 million negative equity homeowners who have a conventional first mortgage not backed by government-sponsored enterprises (GSEs), Fannie Mae or Freddie Mac, or a second mortgage or home equity line of credit (HELOC) that is “underwater,” where more is owed on the mortgage than the home is worth.

Distressed sales accounted for 7.8 percent of total home sales nationally in June, according to new data from CoreLogic.

Default rates on first and second mortgages took a slight increase last month, according to new data released by the S&P/Experian Consumer Credit Default Indices.

Equator has announced the launch of Equator Agent Elite, a premium suite of tools for REO real estate agents that adds transparency and actionable insight t

In what could be the stepping stone for a major change in U.S. law, the Nevada Supreme Court is hearing a case that could determine whether the non-judicial foreclosure process is unconstitutional if it is used by investors and speculators for purchasing homes at a fraction of their value by paying off liens held by homeowners associations (HOAs).

A judge in Michigan’s Wayne County has denied a motion by the state chapter of the American Civil Liberties Union (ACLU) to halt tax foreclosures on local residential properties, arguing that such an action would be deleterious to the financial well-being of school districts and municipal governments.

A housing advocacy group is planning to file a discrimination complaint with the Department of Housing and Urban Development that alleges Bank of America has intentionally neglected foreclosed properties in predominantly minority neighborhoods while lavishing more attention on foreclosed homes in predominantly white neighborhoods.

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