The loans in forbearance account for $890 billion in unpaid principal and includes 6.4% of all GSE-backed loans and 11% of all FHA/VA loans.
Read More »House Committee Proposes Debt Collection Prevention
The proposed legislation also includes a ban on foreclosure and debt collection as well as direct payments.
Read More »How Lawmakers are Preventing Foreclosures
Here's how state and city governments are keeping homeonwers in their homes as more and more Americans experience income loss.
Read More »Court: Borrower Waived Pre-Foreclosure Right to Meeting
Bank of America argued it was not required to conduct the face-to-face meeting because after defaulting on the note and mortgage the borrowers demanded “the bank cease all communication” with them.
Read More »The Future of Auction Sales
With the economy and housing market in a period of unpredictable change, what lies ahead for the foreclosure auction sector? Editor’s note: This feature originally appeared in the April issue of DS News
Read More »2.9M Homeowners in Forbearance Plans
This population represents $651 billion in unpaid principal and includes 4.9% of all GSE-backed loans and 7.6% of FHA/VA loans.
Read More »Wells Fargo Nears $18.5M Foreclosure Settlement
A district judge said he is likely to approve a settlement of allegations involving wrongful foreclosures caused by a computer error.
Read More »Foreclosure Activity Could Remain Low
Foreclosures and bank repossessions were down in Q1, and foreclosures took less time to complete than a year ago.
Read More »GSEs Report 4.42M Preventive Actions Since Conservatorship
The FHFA’s report found that 50% of the actions taken during the month were for loan modification. Click through to read more on the report.
Read More »Delinquencies Could ‘Jump Significantly’ with Rising Unemployment
The number of delinquent loans is at its lowest number in more than two decades, but the report noted forbearance programs are serving as a “buffer” from “wide-spread foreclosures.”
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