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Edward E. Bohm, President of Sales and an undisclosed owner of Garden City, N.Y.-based mortgage lender Vanguard Funding LLC, pleaded guilty in federal court

FTC Levels Charges in Loan Mod Scam

The Federal Trade Commission (FTC) has charged 11 companies and three individuals with running a...Read more
Dart Appraisal has announced the celebration of its 25th anniversary in 2018

Dart Appraisal Celebrates Its 25th Anniversary

Dart Appraisal has announced the celebration of its 25th anniversary in 2018. “Very early on, I...Read more
Atlantic Bay Mortgage Group and Virginia Community Bank have announced that they are withdrawing merger application from the Federal Deposit Insurance Corp. and the Virginia Bureau of Financial Institutions

PHH Agrees to $45M Servicing Settlement

PHH Corp. has announced a settlement with the Multi-State Mortgage Committee (MMC) and the...Read more
Ocwen Financial Corporation has announced that in 2017, the company helped approximately 45,650 families avoid foreclosure and remain in their homes

PHH Fined $119K Over N.Y. Zombie Property

The New York Department of Financial Services (DFS) has fined PHH Mortgage Corp. $119,000 for...Read more
When it comes to buying and selling real estate owned (REO) properties, Huntsville, Ala., leads the nation for flipping this particular property, according to data from the online real estate marketing platform Hubzu

House Flipping Returns to Two-Year Low

Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’...Read more
Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report

New Increases in First and Second Mortgage Default Rates

Default rates on first and second mortgages were up in October, according to the latest S&P/...Read more
Mortgage servicers are increasingly working to make real estate-owned (REO) assets a more appealing and viable option for consumers

Servicers Seek to Build Consumer Interest in REO Properties

Mortgage servicers are increasingly working to make real estate-owned (REO) assets a more appealing...Read more
Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse mortgages as compared to the previous seven years, according to Department of Housing and Urban Development (HUD) data received by a Freedom of Information

HUD Data Finds Spike in Reverse Mortgage Foreclosures

Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse...Read more
For the first time since the Great Recession, the share of homeowners who owe more than the value of their homes is below 10 percent

Seriously Underwater U.S. Properties Drop by 1.4 Million From Q3 2016

ATTOM Data Solutions has released its Q3 2017 U.S. Home Equity & Underwater Report , which...Read more
New York City’s housing market saw a new record achieved with the priciest foreclosure auction in Big Apple history

Record Set in NYC Foreclosure Auction

New York City’s housing market saw a new record achieved with the priciest foreclosure auction in...Read more

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