Foreclosure

New York Senator Chuck Schumer says HUD is taking too much time renewing an agreement that would get thousands of vacant properties off the state's books.

After 2017, a year of natural disasters that racked up nearly $306 billion dollars in total economic losses, organizations in the mortgage and housing industry are taking heed and proceeding into the 2018 disaster season and beyond with caution and ...

Stern & Eisenberg, a regional firm servicing New York, New Jersey, Pennsylvania, Delaware, West Virginia, Maryland, Virginia, North Carolina, South Carolina, Georgia, Tennessee, Alabama, and the District of Columbia. A recent decision from the Maryland Court Of Appeals overruled the ...

The numerous California communities hit hard by recent desolating—and spreading—wildfires can get at least a semblance of relief from Fannie Mae in the form of mortgage assistance, the GSE reminded borrowers in a statement. Under the GSE’s guidelines for single-family ...

The Southern District of Florida (Federal Bankruptcy Court) issued a memorandum opinion addressing two debtors’ proposed chapter 13 plans, both of which included a balloon payment to their respective mortgagees in the final month of the plan. In re: Dora Benedicto, and In ...

A recent study published in Demography, a bimonthly scientific journal from the Population Association of America, analyzed the potential impact of families with children seeking higher education on the rate of foreclosures. Researchers Jacob Faber of New York University and ...

The Federal Housing Finance Agency has released the Foreclosure Prevention Report for May 2018, a monthly update on the foreclosure data resulting from the actions of Fannie Mae and Freddie Mac. The data reported nearly 24,211 foreclosure prevention actions completed ...

HSBC will be paying a $765-million fine to the Department of Justice, as representative of the United States, over its contributions from the bank that lead up to the 2008 housing and financial crisis. The details of the settlement were ...

A Maryland court has reversed a November decision that changed the licensing requirements for mortgages held by investors and statutory trusts. This week a Court of Appeals has addressed the case.

The Urban Institute’s Housing Finance Policy Center released its monthly chartbook, revealing an expanding housing market with rising equity, a low share of adjustable-rate mortgages (ARMs), and a continuing rise in the presence of nonbank mortgage loan originators. Growing household ...