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NMP News

CoreLogic Reports 45,000 Completed Foreclosures in August

Foreclosure Sign Pic

CoreLogic has released its August National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure inventory, which found that there were 45,000 completed foreclosures nationally, down from 58,000 in August 2013, a year-over-year decrease of 22.2 percent.Click to continue

Honolulu to Solve Affordable Housing Shortage With Micro Units


The challenge of creating affordable housing in one of the nation’s most expensive housing markets has taken a new twist, with a focus on creating small units. Or, to be more precise, in creating very, very small units.Click to continue

Nationwide Fixed-Rates Drop Slightly to 4.19 Percent

Home Money/Credit: Comstock

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) flat to slightly down amid positive data on GDP, but mixed housing reports. The 30-year FRM averaged 4.19 percent, with an average 0.4 point for the week ending Oct. 2, 2014, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

Kansas Man Sentenced for HARP Fraud

Cherry Red Gavel/Credit: Comstock

Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Barry R. Grissom, U.S. Attorney for the District of Kansas, have announced that Eduardo Garcia Sabag, a Mexican national residing in Wichita, Kan., was sentenced for one count of making false bank entries, reports, and transactions for using a Social Security Number that was not his own to obtain a mortgage loan modification through the Home Affordable Modification Program (HAMP), the TARP-funded housing support program.Click to continue

HUD Says Town Sought Evictions of Domestic Violence Victims


In the wake of recent scandals regarding several prominent athletes in the National Football League (NFL), domestic violence has received an increased amount of attention via the media and public forum discussions. Now, the U.S.Click to continue

New York State AG Sues Two Law Firms for Loan Mod Scam

Black Gavel Pic/Credit: Brand X Pictures

New York State Attorney General Eric T. Schneiderman has filed a lawsuit in New York County Supreme Court against two law firms and their lead attorney accusing them of participating in a fraudulent mortgage rescue scheme. The lawsuit targets Litvin Law Firm; Litvin, Torrens & Associates, PLLC; and the firms’ principal attorney Gennady Litvin.Click to continue