Click through to learn more about the efforts undertaken by Fannie Mae and Freddie Mac to help homeowners from losing their properties.
Read More »FHFA Report: GSEs’ Total Foreclosure Prevention Actions Cross 4M
The GSEs (Fannie Mae and Freddie Mac) completed 22,411 foreclosure prevention actions in November, bringing the total to 4,013,134 since the start of the conservatorships in September 2008, according to the Foreclosure Prevention Report released by the Federal Housing Finance ...
Read More »BofA Fulfills Settlement Ahead of Schedule
The implementation of the settlement was successful in directing most of the consumer relief to those who needed it the most. The majority of consumer relief came in the form of mortgage loan modifications, 53 percent of which were in areas identified by the U.S. Department of Housing and Urban Development as part of Distressed Census Tracts, or Hardest Hit Areas. The settlement agreement also provided for resources to be directed to local organizations and legal assistance programs to help stabilize neighborhoods and provide foreclosure-prevention assistance and other housing-counseling activities.
Read More »More Consumers Seek Loan Modifications
Consumers sought more non-foreclosure solutions, such as loan modifications, short sales, deed in lieu, and workout plans, for January 2017. These approximated 102,000, compared to 26,000 foreclosure sales.
Read More »Loan Modifications Increase as Foreclosure Sales Decrease
HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, has released its July 2016 loan modification data.
Read More »Could Housing Counseling Use an Upgrade?
Housing counseling as a resource to reduce the need for loan modification and foreclosures has been shown to be very beneficial since the housing crisis, but is there still more housing counseling can do to further impact homeowners?
Read More »Counsel’s Corner: Are Loan Mod Lawsuits Just Stall Tactics?
David G. Marowske recently spoke with DS News about cases in which borrowers are trying to force servicers into accepting a loan modification.
Read More »Foreclosure Alternatives Grow to New Heights in May
Foreclosure alternatives continued to outpace foreclosure sales by nearly four to one and shows the wide range of options available to homeowners in both the short and long term.
Read More »Investment Advisor Releases White Paper In Ocwen’s Defense
In response to accusations from institutional investors against Ocwen Financial of "failure to perform," investment advisor LL Funds has come to the defense of the embattled mortgage servicer in the form of an independent 26-page white paper titled "In Defense of Ocwen Servicing" released Friday.
Read More »Foreclosure Prevention Counseling Program Has Helped 1.8 Million Homeowners
Washington, D.C.-based NeighborWorks America, one of the nation's largest community development corporations, announced that more than 1.8 million homeowners have received foreclosure prevention counseling through the association's National Foreclosure Mitigation Counseling Program (NFMC).
Read More »