Settlement

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased by 1.2 percent from May to June
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased by 1.2 percent from May to June, according to the latest First American Loan Application Defect Index report. On a year-over-year basis, the Defect Index shot up by 16.7... Keep Reading....
The level of mortgages in active foreclosure reached a nine-year low in September, according to new data from Black Rock Financial Services
The level of mortgages in active foreclosure reached a nine-year low in September, according to new data from Black Rock Financial Services. Last month, the total U.S. foreclosure pre-sale inventory rate was one percent, down 3.38 percent from August and down an astonishing 31.23 percent from... more
The law firm that played a crucial role in helping Wells Fargo foreclosure efforts has filed a lawsuit that blames the lender to contributing to the firm’s closure
The law firm that played a crucial role in helping Wells Fargo foreclosure efforts has filed a lawsuit that blames the lender to contributing to the firm’s closure. According to a Wall Street Journal report, the New Jersey firm Zucker, Goldberg & Ackerman accused the San Francisco-based Wells... more
Many past short-sellers attempting to purchase a home are told that their short sale credit shows up as a foreclosure in the Fannie Mae and Freddie Mac automated underwriting systems. Many of these affected consumers then dispute this credit or employ a credit repair company to do so. Thus, it is... more
Approximately 119,000 homeowners kept their residences in August thanks to a non-foreclosure solution
Approximately 119,000 homeowners kept their residences in August thanks to a non-foreclosure solution, according to new data released by HOPE NOW. The total number of solutions—which included total loan modifications, short sales, deeds in-lieu and workout plans—increased by six percent from July... more