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Tag Archives: Foreclosure

Tallying Foreclosure Prevention Actions

The GSEs, Fannie Mae and Freddie Mac, completed nearly 20,000 foreclosure prevention actions in February 2018, according to the latest Foreclosure Prevention Report issued by the FHFA. The exact total of foreclosure prevention actions for February 2018 came to 19,932. ...

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Addressing Reverse Mortgages After the Death of a Borrower

Lender OneWest Bank has won a victory in a recent foreclosure case involving deceased borrowers and non-borrowing spouses, with a Florida appeals court reversed an earlier ruling in the case. The events surrounding the case of OneWest Bank, FSB v. ...

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Affordable Mortgage to Avoid Foreclosures

An initiative by a nonprofit will help Philadelphia homeowners facing foreclosure by buying their homes and reselling them to their occupants with mortgage loans they can afford. Here’s how.

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Castle Law Defendants Awarded $1.9M in Legal Fees

Discussing his clients’ victory, Larry Pozner, the lead defense attorney in the case, said, “How dare the state tell a law firm what quality it must hire or what sacrifices it should make to please the state. The clients were satisfied with the services they were receiving.”

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Putting Abandoned Properties Under the Spotlight

Ever since the Washington Supreme Court’s decision in the Jordan v. NationStar case, loan servicers have been on edge about securing abandoned property. House Bill 2057 seeks to address this, and several other pressing issues. Most of the bill's sections ...

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How REO Sales Impact Home Prices

With markets across the country suffering from pronounced inventory shortages, it would seem that anything that puts more homes on the market would be a good thing. A new report by Pro Teck Valuation Services found delved into that thesis, ...

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FHFA: Fannie, Freddie Foreclosure Preventions Top 4M in Q4

The Federal Housing Finance Agency (FHFA) rolled out its fourth-quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac zipped up 67,569 foreclosure prevention actions in the fourth quarter of 2017. Across the board, that brings the number ...

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