Wayne County, Michigan, sold a bundle of more than 6,000, distressed and blighted properties to a single bidder for more than $3 million in the county's tax foreclosure auction earlier this week, according to Wayne County Chief Deputy Treasurer David Szymanski.
Read More »Despite Q3 Decline, Zombie Foreclosure Problem Lingers In Many Areas
While zombie foreclosures in the U.S. declined overall in the third quarter, they continue to be a problem in some areas, according to RealtyTrac's Q3 2014 Zombie Foreclosure Report released earlier this week.
Read More »Serious Delinquencies Decline by 21 Percent in September
The number of seriously delinquent mortgage loans, which are those that are more than 90 days past due or in foreclosure, dropped nationwide by 21 percent year-over-year in September, according to CoreLogic's September 2014 National Foreclosure Report released on Wednesday.
Read More »Servicer Takes $100 Million Charge for Potential Settlement Over Backdated Foreclosure Notices
Ocwen Financial, the nation's top non-bank mortgage servicer, announced that the company has taken a $100 million charge for a potential settlement regarding claims that Ocwen sent backdated foreclosure letters to thousands of borrowers.
Read More »California Judge Dismisses $16 Million Verdict Against Servicer
A California judge dismissed a $16.2 million verdict a jury awarded to a California homeowner in July after the homeowner sued mortgage servicer PHH Mortgage to stop foreclosure proceedings on his home.
Read More »Allstate Appraisal, Bradford Launch Third-Party Inspection Product
Nationwide valuation and review services company Allstate Appraisal, based in Chicago Heights, Illinois, and computer-aided appraising technology pioneer Bradford Technologies, based in San Jose, California, have announced the launch of Valuation Express, a desktop appraisal product that incorporates third-party property inspections.
Read More »Zombie Foreclosures Decline Quarterly, Annually
The number of "zombie" foreclosures in the U.S. declined both quarter-over-quarter and year-over-year in the third quarter of 2014, according to RealtyTrac's Q3 2014 Zombie Foreclosure Report released today.
Read More »Grant Program Creates Opportunities for Homeownership in Cincinnati
Wells Fargo & Company is teaming with several housing organizations to announce the formation of the Cincinnati chapter of the Wells Fargo NeighborhoodLIFT program, an initiative designed to offer $5.2 million from Wells Fargo to improve Cincinnati neighborhoods and increase homeownership in the area.
Read More »Completed Foreclosures, Inventory Way Down in September
Foreclosure inventory and the number of completed foreclosures nationwide both saw significant year-over-year declines in September, according to CoreLogic's September 2014 National Foreclosure Report released on Wednesday.
Read More »Fed Announces End of QE3 Asset Purchase Program
The Federal Open Market Committee (FOMC) of the Board of Governors of the Federal Reserve System today announced that its asset purchase program, known as QE3 (quantitative easing) will end this month, citing sufficient economic growth.
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