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A bankruptcy judge issued a $45 million fine and uncommonly harsh language against Bank of America Corp. in a case where a California couple went to court to save their home from foreclosure

Judge Condemns “Heartless” Bank of America in Foreclosure Case

A bankruptcy judge issued a $45 million fine and uncommonly harsh language against Bank of America...Read more
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016

FHFA Releases Q4 Refinance Data

The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their...Read more
Homeowners with mortgages on their residences saw their equity increase by 5.6 percent year-over-year during the first quarter, according to data from CoreLogic

Number of Seriously Underwater Homes Hits New Low

What a difference a year makes: New data from ATTOM Data Solutions has determined there were 5.4...Read more

Foreclosure Rates Continue to Decline

The total U.S. loan delinquency rate for December was 4.42 percent, down 0.91 percent from November...Read more

HOPE NOW: 107K Loan Mods in November

November 2016 saw a total of approximately 107,000 total loan modifications, short sales, deeds in...Read more

Ocwen Helps 75,000 Homeowners Avoid Foreclosure in 2016

Ocwen Financial Corporation has announced that the company helped approximately 75,000 homeowners...Read more

Foreclosure Inventory Shrinks by 30 Percent

The national foreclosure inventory plummeted by 30 percent on a year-over-year basis in November...Read more

Leaked Memo Coincides With “Foreclosure King” Campaign Against Mnuchin

A 2013 confidential memo written by lawyers in the office of then-California Attorney General...Read more

Erroneous Foreclosure Code Still Results in Loan Denial for Past Short Sellers in Freddie Mac Loan Prospector for Conventional Loans

In August of 2014, Fannie Mae successfully implemented an automated system workaround that enabled...Read more
There is more very good news on the mortgage servicing side of the industry: According to the latest data from HOPE NOW, there were 113,000 mortgage solutions completed in October

HOPE NOW: 113K Mortgage Solutions in October

There is more very good news on the mortgage servicing side of the industry: According to the...Read more

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