Foreclosure

Michelle Mierzwa, Partner in the Compliance Division with Wright, Finlay & Zak, discusses enhancements to California's Homeowner Bill of Rights and how they relate to the CFPB's servicing rules.

A decline in the glut of homes available in the hardest hit areas is good news for housing, according to the National Association of Realtors.

Some states have enacted legislation at the state level to fight vacant and abandoned properties. Now there is a federal proposal to address the problem.

Completed foreclosures are way down year-over-year but still concentrated in a handful of areas around the country.

Foreclosure starts have always been a volatile metric, having experienced many ups and downs over the last few years. But in April, they fell to levels not seen for a long, long time.

Foreclosure- and default-related metrics have experienced lengthy, steady declines over the last six years since peaking in 2010 at the depth of the crisis. One measure remains elevated, however.

Lauren Thurmond, partner with Hutchens Law Firm, spoke with DS News about a recent appeals court ruling on a case involving the Fair Debt Collection Practices Act.

Robert R. Hoose, Vice President with the Law Offices of John D. Clunk Co., LPA, recently talked to DS News in depth about a foreclosure reform bill which he played a key role in developing and moving through the state legislature in Ohio.

While 90-plus days overdue mortgage loans have been on the steady decline for six years, they still have some room to go.

How will a bill that passed in the Ohio State Legislature cut down on the issues brought on by vacant and abandoned properties, and will the bill serve as a template for the rest of the nation?