Foreclosures

The number of zombie foreclosures, properties in the foreclosure process that are vacant, dropped 30.1% from a year ago during the second quarter, according to RealtyTrac.

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

A subsidiary of Goldman Sachs was the winner for all four pools in Fannie Mae's latest nonperforming loan sale.

Foreclosures continued to decrease in the first quarter, while delinquencies remained flat from the previous quarter, according to the Mortgage Bankers Association.

American International Group's mortgage insurance business has secured indemnity reinsurance coverage for a portfolio of policies from 2008 and earlier.

The number of homes at some stage in the foreclosure process dropped in March to its lowest level since October 2007, according to CoreLogic.

After the Home Affordable Modification Program ends, servicers will employ myriad proprietary workout options to meet ongoing compliance requirements. But will more discretion in loss mitigation practices create consumer and investor confusion?

The Making Home Affordable program has been extended and expanded so many times that it's gotten hard to imagine life without it. But its two primary initiatives have served their purpose and the days may be numbered for HAMP and HARP.

The nation's housing markets may be finally getting over the foreclosure crisis, but for many Americans the anger hasn't subsided.

Ocwen Financial Corp. has fulfilled its consumer relief obligation under the National Mortgage Settlement ahead of schedule. But that doesn’t mean it’s in the clear yet.