Tag Archives: Foreclosures

California Attorney General Xavier Becerra said he will not hesitate to enact investigative and enforcement actions against servicing professionals who fail to meet legal obligations during COVID crisis.

The New York legislature has passed a bill that will require lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of impending foreclosure actions against homeowners with reverse mortgages.

The latest survey found certain segments of the market are falling behind, and a growing share of borrowers are concerned about falling into foreclosure.

Data from prior reports found early one in four loans on the island faltered. Click through to read more.

Foreclosure starts and sales were down at the start of the year for loans backed by the GSEs.

A study from the Office of the Comptroller of the Currency, however, notes that the share of delinquent loans is falling on an annual basis.

Hours after President Trump announced a suspension of foreclosures and evictions for mortgages backed by HUD and FHFA, official statements clarified that the policy will extend at least 60 days, contrary to earlier reporting.

While some of the more expensive metros are showing fewer mortgages past due, it is the rural markets that were found to have the greatest gains in delinquent loans.

A Sacramento grand jury charged three people allegedly connected to a more than $7 million mortgage fraud scheme across California. Click through to read more.

The majority of foreclosure sales to third-party buyers are owner occupied within a year, according to a new study from Auction.com.