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A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017

Foreclosure Starts, Completions at 17-Year Lows

A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017,...Read more
Ocwen Financial Corporation will join the NAACP to host a borrower outreach event in Houston for homeowners who are having difficulty making their mortgage payments or experiencing a hardship due to Hurricane Harvey

Ocwen to Join NAACP for Homeowner Relief Event in Houston

Ocwen Financial Corporation will join the NAACP to host a borrower outreach event in Houston for...Read more
General Electric has agreed to a $1.5 billion settlement to resolve federal claims involving the alleged misrepresentation of sub-prime loans originated by its former sub-prime mortgage subsidiary WMC Mortgage

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
New York City-based SLK Global Solutions, a business process transformation enterprise provider, has named Nate Johnson as its new senior vice president-mortgage business leader

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
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications during February was up by 4.4 percent from January and up 14.5 percent from February 2018

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

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