Settlement

The national foreclosure inventory rate reached its lowest point in nearly a decade, according to new data from CoreLogic
The national foreclosure inventory rate reached its lowest point in nearly a decade, according to new data from CoreLogic.   During June, 4.5 percent of mortgages were in some stage of delinquency, down 0.8 percent from one year earlier. The foreclosure inventory rate in June was 0.7 percent, down... Keep Reading....
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
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. Freddie Mac’s Loan Prospector automated... more