Increase is due to FIs clearing their books of properties that have lingered in the foreclosure process.
Measure aims to curtail vacant and abandoned homes left unmaintained during long foreclosure proceedings.
RealtyTrac predicts a “boomerang wave” as seven-year credit repair period comes to an end.
Winning auction bid the latest in ongoing megachurch foreclosure saga.
A Florida church that defaulted on an Evangelical Christian Credit Union loan heads to the auction block.
FHFA Director Mel Watt said his agency will maintain conforming loan limits and relax underwriting requirements.
In the largest multistate agreement since the tobacco settlement of 1998, the Obama administration, along with 49 state attorney generals, announced a $25 billion settlement with five of the nation’s largest banks. In addition to instances of wrongful foreclosure and fraud, the government’s investigations found that banks routinely violated the...
Experian/Oliver Wyman report finds "strategic default" still option for many holders of underwater mortgages.
Evangelical Christian Credit Union of Brea, Calif., will be in court in New York asking to foreclose on a Lehman-related loan to a California church.