Settlement

Nearly 5.5 million residential properties were seriously underwater during the first quarter
Nearly 5.5 million residential properties were seriously underwater during the first quarter, up from the 5.4 million level in the fourth quarter of 2016 but lower than the 6.7 million level in the first quarter of 2016, according to new statistics form ATTOM Data Solutions. Seriously underwater... Keep Reading....
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. Included in that total solutions figure were an estimated 29,000 permanent loan... more
Ocwen Financial Corporation has announced that the company helped approximately 75,000 homeowners avoid foreclosure through responsible loan modification programs in 2016. These modification programs include both the U.S. Department of the Treasury Home Affordable Modification Program (HAMP), as... more
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 new data from CoreLogic. On a month-over-month basis, the November 2016 foreclosure inventory fell 2.4 percent compared... more
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-... more