Home / News / Foreclosure (page 404)

Foreclosure

Schwarzenegger Calls For 90-Day Foreclosure Freeze

California Governor Arnold Schwarzenegger unveiled an aggressive proposal yesterday that he says will bring down foreclosure rates in the state by helping both borrowers and lenders modify existing home loans in ways that benefit both parties, and at the heart of his plan is a state-wide 90-day halt on foreclosure proceedings.

Read More »

Anti-Foreclosure Plan Stalls in White House

The White House has said it is currently reviewing several foreclosure prevention programs, but reportedly has major drawbacks to the national loan modification program that Sheila Bair, chairman of the Federal Deposit Insurance Corporation (FDIC), has submitted.

Read More »

Outside the Box, But Inside the Law

Michigan Paves the Way with Creative Techniques to Legally Avoid Costly Delays, Hasten Foreclosure and REO Sales When it comes to loss mitigation, quicker is almost always better. If the ultimate goal of every foreclosure is a clean, quick REO sale, avoiding delay by using creative methods can substantially improve results.

Read More »

Subprime Crunch Hurts GMAC in 2007

GMAC Financial Services, a financial services company, said it experienced a net loss of $724 million in the fourth quarter of 2007 and an annual net loss of $2.3 billion for the entire year. The financial services giant blames troubles experienced at its lending subsidiary Residential Capital, LLC, (or ResCap) for the company’s many losses last year.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.