The Federal Housing Finance Agency (FHFA) rolled out its fourth-quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac zipped up 67,569 foreclosure prevention actions in the fourth quarter of 2017. Across the board, that brings the number ...
Read More »FHFA Data Shows Decrease in Short Sales, Deeds-in-Lieu
The Federal Housing Finance Agency released its Q3 2017 Foreclosure report, which outlined its continued efforts to decrease foreclosures among homeowners. Among the data, short sales and deeds-in-lieu experienced one of the largest decreases.
Read More »Easing the Burden
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.
Read More »Foreclosure Activity Down Across the Board
According to a new report, serious delinquencies, short sales, deeds-in-lieu, third-party sales, and foreclosure sales were all down for the month. Earlier-stage delinquencies were up in February, however, with loans 30 to 59 days delinquent rising from 377,000 to 404,000 for the month. Of February loan modifications, 19 percent had principal forbearance, while extend-term modifications accounted for 44 percent—something the report attributes to ever-climbing housing prices.
Read More »Ocwen Prevents 75,000 Homeowners From Foreclosure
The servicer helped homeowners through the U.S. Department of the Treasury Home Affordable Modification Program (HAMP) and proprietary modifications for homeowners who were ineligible for HAMP modification.
Read More »Following Suit: Prevention Activities Decline
The GSEs are preventing fewer foreclosures. Here's why that's not a bad thing.
Read More »Foreclosure Prevention Activities Drop Further in May
The number of foreclosure prevention activities completed by Fannie Mae and Freddie Mac has continued to decrease as the number of nationwide foreclosures continues its decline since reaching peak levels in 2009 and 2010.
Read More »GSEs Nearing Loan Modification Milestone
Fannie Mae and Freddie Mac have continued to complete foreclosure prevention actions, and are close to achieving a milestone in the number of permanent loan modifications completed since the start of the conservatorships.
Read More »Ocwen Amps Up Borrower Outreach Efforts
Ocwen Financial is planning more outreach events to help borrowers avoid foreclosure.
Read More »Foreclosure Prevention Efforts Hit Milestone
How many non-foreclosure solutions (modifications, deeds-in-lieu, short sales, and other workout plans) has the industry completed since 2007?
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