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Home | Tag Archives: Foreclosure Prevention

Tag Archives: Foreclosure Prevention

Real Estate Capital Firm Publishes Online Short Sale Guide

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While legal processes vary among states, property owners who are behind on their mortgage payment can use the short sale guide as a resource to explore their options and prevent a foreclosure on their home. Information provided by JWB can help rental home owners find alternative solutions to their housing problems.

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OCC: Loan Mods Lowered Monthly Payments for 91 Percent of Borrowers

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More than 91 percent of borrowers nationwide who received mortgage loan modifications in the second quarter of 2014 had their monthly principal and interest payments reduced, while 56.1 percent of borrowers lowered their monthly payments by 20 percent or more, according to a report released earlier this week by the Office of the Comptroller of the Currency (OCC) regarding first-lien mortgages at large national and federal savings banks.

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Report: GSEs Prevented 80,000 Foreclosures in Q2

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Fannie Mae and Freddie Mac prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million, the Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention for Q2 2014 released on September 24.

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Technology Leaders Launch Homeowner Solutions Platform

tech-portal

HLP, which was the model technology platform in the National Mortgage Settlement and has long been a real estate industry industry technology leader, has partnered with IndiSoft, a technology provider for healthcare, legal, and real estate industries based in Columbia, Maryland, to launch the National Homeownership Solutions Platform (NHP). The goal of NHP is to bring all the parties in the home purchase process together into one central location, allowing them to communicate with each other online and in real time.

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