Tag Archives: Foreclosure

When Lewis Lapham wrote, “The state of perpetual emptiness is, of course, very good for business,” he wasn’t referring to the U.S. foreclosure system.

Fannie Mae and Freddie Mac backed mortgages are hitting a 15-year high, according to a recent report. However, this is one of the few rates that increased—and that’s a good thing.

Senator Blumenthal (D-Connecticut) recently supported a law that was put into place offering veterans facing foreclosure a one-year moratorium under particular conditions, but the outpouring of encouragement from local veterans has moved him to consider drafting a new measure.

The terms “fast track” and “foreclosures” don’t normally go together, but several industry and government leaders are boldly stepping up to help the heavy system see the light.

The Federal Housing Finance Agency recently released its monthly report on foreclosure prevention for April, but are the Enterprises doing enough to ensure maximum home retention? You be the judge.

A fast-track foreclosure option will become available in October, but the criteria, risks and potential pitfalls should be reviewed to improve chances of success.

A major company in the mortgage industry shed hundreds of nonperforming loans recently. Read on to find out which company, and how much their haul was for.

The May 2017 Existing Home Sales Index was released Tuesday, showing that even though inventory is slightly on the rise compared to April 2017, median home prices are still increasing as well. Existing, unsold properties are coming off the market at record times, and foreclosures and short sales are contributing factors. Some industry professionals, however, wonder how long this trend will last.

The Maryland legislature has passed House Bill 26 (HB26) that amends the foreclosure notice provisions contained in Maryland Real Property Article 7-105.2. The legislature in Annapolis also passed House Bill 1048 (HB1048), which adds a new registration component to the Maryland foreclosure process. Once it becomes effective, the law will require the property to be registered with the states’ Department of Labor and Licensing Regulation within seven days of docketing the case.

Thursday, a fast-track foreclosure law expediting the foreclosure process was signed by Maryland Governor Larry Hogan. With the intent to reduce community blight, this bill was signed in the footsteps of a similar bill in Ohio. Industry experts provide commentary on the impact this bill may have, including being the push for other states to move forward with their own fast track foreclosure bills.