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Foreclosures News

servicing news | modification news | foreclosure statistics

Last Updated October 11, 2016 1:10 PM Central

Repossessions Rise, Mortgage Delinquency Down
While serious delinquency on home loans retreated to a nearly nine-year low, the number of homes repossessed rose for the third month in a row.

Servicers Face New Requirements on NY Vacant REOs
The New York Abandoned Property Neighborhood Relief Act of 2016, recently signed into law by Gov. Andrew Cuomo, seeks to ease neighborhood blight by imposing new duties on mortgagees or their servicing agents to inspect and maintain abandoned properties secured by a delinquent mortgage.

Thousands Apply for Hardest Hit Funds in GA
Thousands of underwater borrowers in Georgia have applied to take advantage of money available in the state from the Hardest Hit program.

$2.5 Million NY Foreclosure Dismissed
A foreclosure action on a $2.5 million home loan has been dismissed by a state judge in New York because the statute of limitations was exceeded by the mortgage lender.

Bank Mortgage Delinquency Up, Foreclosures Down
Residential loan performance on mortgages serviced by large banks worsened, though there was a decline in new, pending and completed foreclosures.

U.S. Bank Settles LA Foreclosure Lawsuit
A settlement has been reached in a lawsuit filed against U.S. Bancorp accusing the bank of allowing hundreds of foreclosed properties to deteriorate.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.

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Loan modification activity, reports and legislation.

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