Foreclosures

Sledgehammered by the foreclosure crisis, drug dealing and other crimes, some Dayton, Ohio, neighborhoods are too far gone even for the Montgomery County Land Bank to use its limited resources for demolitions.

Hope LoanPort will receive funding and guidance to expand its loss mitigation platform for servicers, housing counselors and mortgage borrowers from the Finance of America Foundation, a nonprofit with ties to former Rep. Barney Frank.

Though early-stage mortgage delinquencies inched up in December 2017, the serious mortgage delinquency rate hit its lowest point for the month of December since 2006.

Over 40% of the collateral is from two 2016-vintage transactions that were recently "collapsed" because proceeds from liquidations had slowed. Then there's the exposure to Puerto Rico.

Fewer properties fell into foreclosure in El Paso County, Colo., last month, continuing a downward trend over the past several months.

Vanessa Krnjaich may not have thought she was saving a neighborhood when she bought her fixer-upper for $45,555 at auction in August 2013.

Lonnie Brantley Jr. avoided prison by striking a plea deal for lying to federal housing regulators during an investigation into his troubled mortgage lending business.

Delinquencies from Hurricanes Harvey and Irma are starting to subside, even as pre-storm foreclosures that were put on hold resume.

Christine Hrycenko stood outside her home on Trenton Street on Sunday afternoon, surrounded by friends and supporters carrying signs and chanting rallying cries.

David Silva didn't believe he deserved the $25 late fee when his condo switched property managers and his $282 maintenance check never got deposited. He still doesn't.

The percentage of Marion County, Fla., mortgages that are behind on payments was greater in November than it was in November 2016. This could be a residual effect of Hurricane Irma.

With few foreclosed homes left to pick up on the cheap, the biggest landlords are buying, or building, new single-family homes to pad their portfolios; mortgages on these properties could show up as collateral in rental bonds.

Serious delinquency rates were up sharply in November in both Texas and Florida compared to a year ago, while lower in all other states but Alaska, according to CoreLogic.

The Independence Center mall is scheduled for a Feb. 16 foreclosure sale as its owner, Simon Property Group, faces default on its $200 million loan for the property.

Communication between all parties in the chain, from borrower through guarantor, is the best way to minimize mortgage losses after events like last year’s hurricanes and wildfires, according to servicers and federal officials.

A Bridgeport, Conn., local debt collection lawyer, embroiled in a controversy over the city's foreclosure on homeowners owing back sewer bills, is being sued by a local homeowner who claims he was the victim of an illegal foreclosure.

It was a record-setting year in terms of the low number of foreclosure starts, partially helped by the various post-storm moratoria, according to Black Knight.

A group led by the National Fair Housing Alliance is suing Deutsche Bank, Ocwen Financial Corp. and Altisource Portfolio Solutions, alleging real estate owned properties in minority communities do not receive the same level of upkeep and maintenance as REO houses in white neighborhoods.

A bill introduced in the Ohio House would speed up legal action against landlords who own blighted properties that become magnets for crime.

The candidates being discussed lately to run the agency bring experience on consumer protection issues, and potential bipartisan appeal.