Foreclosures

New York State regulators entered into a settlement with a hedge fund in a case of alleged unlicensed and predatory mortgage lending activity by Vision Property Management.

Long Island foreclosure sales doubled over the last five years as the county courts made a priority of clearing bust-era cases.

Foreclosure activity fell 21% in July compared to a year ago and rose 6% from June after twelve consecutive months of declines, according to Attom Data Solutions.

After trusting a local developer, some living at The Legends subdivision in Old Orchard Beach, Maine, watched in horror as the homes they occupied for years — but hadn't yet closed on — were sold at auction. And that was just the latest shocking twist.

The share of abandoned homes by their owners continues to drop at a faster pace than the overall foreclosure rate, totaling half of what they were three years ago, Attom Data Solutions said.

A West Philadelphia real estate developer who bribed a city official to get an inside track on sheriff's sales was sentenced to serve one month in federal prison, followed by nine months of home confinement.

The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.

The percentage of Americans behind in their mortgage payments is at a 20-year low. And even fewer Dallas-area homeowners are late with payments than the national average, according to CoreLogic.

Bucking a national trend, the Tampa Bay area saw an increase in new foreclosure filings in the first half of the year.

A more sustainable approach to home flipping is a responsible one that benefits not just real estate investors, but also the neighborhood, local economy and even the eventual resident.

The mortgage delinquency rate sits at its lowest point in over 20 years after descending annually for 17 straight months through May, according to CoreLogic. But a broader look at this year's figures could signal a shift in the narrative.

Some Ohio homeowners who lost their property to foreclosure unknowingly signed over the rights to the excess sales proceeds for a fraction of the amount.

Foreclosure activity dropped 18% in the first half of 2019 compared to a year ago, continuing an 11-quarter streak of sitting below prerecession levels, according to Attom Data Solutions.

Gov. Gavin Newsom proposed Wednesday to spend California's share of a national mortgage settlement on legal assistance for struggling homeowners and renters, funds that lawmakers illegally diverted in 2014 to help erase the state's budget deficit.

A Florida-based loan servicing company has agreed to pay $84,000 to cover attorneys fees, penalties and costs associated with improper foreclosures it initiated in Maine, the state said.

Increased consumer debt and the threat of an economic downturn increase the default risk for government-sponsored enterprise mortgages during the first quarter, according to Milliman.

Housing values across Cuyahoga County, Ohio, continued to increase while home abandonment and vacancy rates continued to decline over the last year, a new study found.

Mortgages auctioned off through a HUD distressed loan sale program perform worse than those unsold and are more likely to result in foreclosure, according to a new Government Accountability Office report.

Mortgage servicers are getting better at helping borrowers avoid foreclosure, as evidenced by a declining auction rate, which was also supported by healthy home equity levels, according to Auction.com.

While seasonal factors were attributed to the monthly rise in mortgage delinquencies for June, the jump was still much higher than last year's fairly steady increase, according to Black Knight.