Servicing

According to a National Foundation for Credit Counseling poll, 63% of the respondents admitted responsibility for their financial woes.

For the sixth straight month the number of completed foreclosures in Massachusetts declined by nearly 60% in November marking the beginning of a brighter future for this market.

A landmark deal was recently completed to preserve more than 3,300 acres of the Sierra Nevada terrain that is home to one of the largest cross country ski resorts throughout the country.

The October residential shadow inventory level was 2.3 million units, representing a supply of seven months.

The Federal Housing Administration will take several additional steps to maximize recovery in the areas of loss mitigation and asset management.

Jacksonville Bancorp has sold $25.1 million of troubled assets and completed its previously announced $50 million capital raise.

U.S. regulators led by the Office of the Comptroller of the Currency will replace a largely fruitless effort to find victims of botched foreclosures at the 14 biggest mortgage servicers with flat penalties.

President Obama signed a bill passed by the Senate and House on Tuesday that shields troubled borrowers from being penalized under the tax code when they agreed to a short sale or principal reduction transaction.

What do Honolulu and West Palm Beach have in common besides being warm, beautiful vacation spots? They made it to the top of RealtyPin's 2012 most surprising real estate markets-for reasons that could not be more different.

Even though fewer foreclosures are being completed at the end of 2012, going through the default foreclosure process is still a troubling period for any distressed borrower.