Foreclosures

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.

Mortgage fraud risk declined in the third quarter even as property valuation fraud risk increased, according to Interthinx.

One of the culprits in the building and bursting of the nation's housing bubble, the low-down-payment mortgage, is back in favor and readily available at a lender near you.

When the financial crisis obliterated South Florida's housing market, the number of foreclosures in Miami skyrocketed.

Ocwen Financial Corp., which agreed with regulators in December to improve its mortgage servicing, sent Nathan Fitzgerald a notice saying his loan was in default. If he didn't send a $2,266 check immediately, Ocwen said, it would foreclose on him.

Protests by community groups and now a public hearing threaten to delay the completion of CIT's acquisition of OneWest Bank. The deal will probably get approved, and it might not get delayed too long, but all those "probablys" and "mights" are what make the proponents of more big M&A queasy.

Once defined by the size of its foreclosure offerings, the Myrtle Beach, S.C., area real estate market now outperforms both state and national real estate markets in the current rate of foreclosures and the percentage point drop in foreclosures over the past year.

Two Justice Department lawyers leading an effort to hold financial firms accountable for the mortgage-fed debacle that fueled the Great Recession stopped in to talk strategy in mid-2009 with Jerry Brown, then California's attorney general.

San Francisco's controller discouraged lawmakers from going forward with a proposal to use the city's eminent-domain powers to help homeowners avoid foreclosure, citing federal limitations and risks to the city's borrowing costs.

The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.

Dan Sparks helped Goldman Sachs Group Inc. profit from its bets against subprime mortgages. Now he's expanding credit to Americans hurt when those types of loans soured and the housing market collapsed.

Standard & Poor's tab is $1.4 billion — including $52.5 million for Illinois — to resolve long-standing allegations by federal and state authorities that the firm misled investors in the run-up to 2008's financial collapse.

Bank of America plans to lay off 202 employees in a loan servicing unit in Norfolk, Va., by March 29 because of the continuing decline in the number of delinquent mortgages.

The Federal Housing Administration's new foreclosure relief options for nonborrowing spouses of reverse mortgage customers will increase loan servicers' costs, and some question how many consumers they will actually help.

The sale of real estate owned properties generated greater returns than short sales in December, according to Black Knight Financial Services.

When Seattle Mayor Ed Murray created a blue-ribbon panel on housing affordability in September, he used the word "urgency."

While Rhode Island's real estate market made gains in 2014, the aftereffects of the foreclosure crisis continue to hold the housing market back from a more robust recovery.

The number of foreclosure cases initiated against Hawaii property owners fell last year for the first time in four years.

Residential real estate in the Philadelphia region saw falling prices and modestly rising sales in 2014's fourth quarter.

Four years into a $1 billion foreclosure prevention plan, Florida is not getting enough money into the hands of struggling homeowners and has enrolled fewer than 100 people into one of its five programs.