Foreclosure

Most mortgage servicers and foreclosure practitioners are familiar with Illinois’ single refiling rule, which has been interpreted as permitting only one refiling of a claim, but it might be time to take another look. . .

McCalla Raymer Leibert Pierce, announced the addition of Doug Oliver as Member and Managing Partner for Illinois Foreclosure. Oliver was previously a partner at the firm Anselmo Lindberg Oliver, LLC in Naperville, Illinois.

Both of the Government Sponsored Enterprises announced Tuesday that they will assist homeowners affected by Tropical Storm Harvey as it continues to devastate the Gulf Coast.

Ocwen Financial Corporation released the results of its loan modification borrower assistance program for the first half of 2017, allows for a mortgage payment reduction of up to 20 percent to qualified borrowers, and an option for principal forgiveness.

The Office of the Comptroller of the Currency released a statement Tuesday permitting national banks and federal savings associations to close if directly affected by Tropical Storm Harvey. The agency provided best-practice guidelines for dealing with the disaster.

Delinquencies, foreclosures, and homes in negative equity all dropped over the last quarter and the last year, according to new data. But just how much have they dipped and why?

Freddie Mac recently issued its Monthly Volume Summary for July 2017, providing information on its mortgage related portfolios, securities issuance, risk management, delinquencies, debt activates, and other investments. Take a look at how the GSE did.

A leading industry mortgage delinquency report for the second quarter of 2017 was recently released reflecting performance on conventional, FHA, and VA loans. Take a look at how delinquency rates compare.

Rick Sharga, EVP of Ten-X, held a live webinar on Tuesday to discuss his 2017 mid-year housing update and his views the state of the industry.

Wednesday, IndiSoft, a technology development firm that specializes in systems for the financial services industry, announced Camillo Melchiorre as President, focusing on the firm’s sales and marketing efforts. Sanjeev Dahiwadkar, who previously held the roles of President and CEO, will not be available to concentrate on IndiSoft’s strategic direction as CEO.