Tag Archives: foreclosure

Why inland California housing is so exposed to downturn risk: Report

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Data provider Attom tracks the 50 U.S. communities most at risk of further housing decline. Half of them are located in one of three places. Continue reading →

Mortgage assistance for Hawaii fire victims includes forbearance help

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Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents. Continue reading →

Former Keller Williams NYC office auctions for $11.3M

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Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock’s battle for their 377 Broadway office is officially over as a new owner snapped it up at an auction for $11.3 million. The office went into foreclosure in 2018 after the duo… Continue reading →

Angelo Mozilo, symbol of subprime mortgage lending, dies at 84

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The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse. Continue reading →

Loan servicers’ pandemic-relief efforts ‘a major success story’

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Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36 million “home retention actions” during the COVID-19 pandemic. Continue reading →

Dreading a rise in foreclosures? Here’s one economist’s take

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Windermere Chief Economist Matthew Gardner has pulled the latest data on foreclosure starts and looked at the quality of mortgages that have been given to buyers in order to give you a clear idea of how foreclosures will impact the overall housing mark… Continue reading →

Wells Fargo paying $3.7B to settle mortgage, auto loan allegations

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Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least seven years, in some cases leading customers to lose their homes. Continue reading →

Home price declines leave 450,000 borrowers underwater

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Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor. Continue reading →

Prices may be dropping, but homes still have loads of equity

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As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in the third quarter of 2022, according to a new report from Attom. Continue reading →

Hints of more layoffs loom at Mr. Cooper as profits wane in Q3

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While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio. Continue reading →