Federal regulators fined mortgage servicer Green Tree Servicing $63 million in penalties and restitution on Tuesday, alleging that it mistreated borrowers at risk of foreclosure and failed to honor modifications of loans transferred from other servicers.
In what is described as an effort to be as transparent as possible, the Philadelphia Sheriff's Office has unveiled a web app offering detailed information on properties scheduled for mortgage foreclosure sale.
The message being telegraphed is consistent: lenders have been on notice to upgrade compliance and strict adherence is now expected.
California had the largest share of the nearly 9.3 million U.S. owners who lost their homes in the housing crisis, and it is expected to have the biggest portion of those who have or will become buyers again in the coming years.
The Department of Housing and Urban Development has sold $3.7 billion of soured loans since late 2012 to aid homeowners in communities hurt by foreclosures. So far, the government agency has mostly helped itself.
Radian Group Inc. and MGIC Investment Corp. surged in New York trading after a U.S. regulator softened mortgage insurers' standards on some loans.
Ohio's foreclosures dropped last year to the lowest level since 2001, before the housing crash, according to data released today by the Ohio Supreme Court.
With Illinois' foreclosure rate still far above the national average, a Boston-based nonprofit is extending a lifeline to a select group of Illinois homeowners in danger of losing their homes.
Carrington Capital Management will challenge a court decision to award contractual damages to an investor it blocked from pulling money out of a mortgage securities fund it managed in 2007.
Mortgage professional hiring and new job appointments for the week ending April 17.
Keep Your Home California continues to expand its programs to help low- and moderate-income homeowners struggling to pay their mortgages.
A measure moving through the Indiana General Assembly was billed as an effort to give cities more tools to fight blight and crack down on abandoned homes that destabilize neighborhoods.
Nevada's foreclosure woes showed mixed signals in the first quarter, with a jump in default notices but fewer repossessions compared to a year ago.
Soaring home prices continue to tamp down foreclosures in Southwest Florida, besting both the national and state average, a new study by RealtyTrac shows.
Fannie Mae and Freddie Mac are embarking on an ambitious pilot program designed to remove thousands of vacant, foreclosed homes from their books and repair neighborhoods throughout Chicago and suburban Cook County.