Lehigh Valley Foreclosure Rate Hits Five-Year Low
Local foreclosure rates hit a five-year low in April, but activity still remains higher than the national average at least partially because of a judicial process in Pennsylvania that can keep properties in limbo for nearly two years.
N.J. Man Sentenced to 27 Years of Prison for Timeshare Fraud
A New Jersey man has been sentenced to 27 years in prison for scamming vacation-timeshare customers of $3 million.
Foreclosure Rate Falls in Miami-Dade County
Miami-Dade County's foreclose rate continues to drop as the housing market heals.
Manatee County, Fla., Foreclosure Auctions Fall Behind Technology Curve
A St. Petersburg-based attorney known for consumer rights advocacy is concerned about information missing from Manatee County's online foreclosure portal.
People Movers of the Week: June 26
Mortgage professional hiring and new job appointments for the week ending June 26.
Home Repossessions Rising as Banks Start to Clear Out Foreclosure Backlog
A discarded leftover from the real estate bust has been on full display in a southwest Las Vegas cul-de-sac.
'Robo-Signing' Settlement Offers Bakersfield Homebuyers Down Payment Grants
More than 200 Bakersfield families will get money toward the purchase of a home thanks to a court agreement last year settling accusations Wells Fargo & Co. used "robo-signings" to expedite home foreclosures in the early days of the financial crisis.
Home Investment Market Shifting with Fewer Foreclosures
With fewer distressed properties up for grabs, the nature of home investing has changed from a few years ago.
Program Helps Luzerne County, Pa., Residents Confronting Foreclosure
Wincing from pain as he sat in a Luzerne County Courtroom, the 49-year-old local man appeared with dozens of others hoping to stop the bank from taking their homes.
Fisher Law Firm Sold to Calif. Investment Group
The default law firm Fisher Law Group in Upper Marlboro, Md., has been sold to a California investment firm.
State Nonbank Servicing Plan Is 'Duplicative,' Groups Say
Two groups representing small and mid-size lenders say new proposed state mortgage servicing standards for nonbanks will add an unnecessary layer of regulatory burden, especially for firms servicing Fannie Mae and Freddie Mac loans.
Rate of 30-Day Delinquencies Rose 4% in May: Black Knight
The rate of mortgages delinquent for at least 30 days rose 4% in May from the previous month, according to Black Knight Financial Services.
Foreclosure Activity in Pittsburgh Region Plunges During May
Foreclosure activity plummeted in the Pittsburgh region last month as fewer homeowners defaulted on their loans, suggesting that improved household finances and tightened lending standards since the housing crisis are driving down the number of distressed properties.
Senate Democrats Press Regulators Over Racial Disparities in REO
Senate Democrats are urging regulators to investigate potential discrimination in how banks and other financial institutions handle and market foreclosed homes.
Ocwen Offering $225M in Fixed-Rate Notes
Ocwen Financial Corp. has priced $225 million of asset-backed notes being offered as part of a debt refinancing.