Tag: Foreclosure
Revisiting ‘Subprime’ Mortgages
“Subprime” has been a dirty word since the freewheeling mortgage lending spree that ultimately brought down the economy and propelled millions of homeowners into...
Foreclosure Crisis Update
Is the foreclosure crisis over? Yes and no. Since 2007, about six million homes have been sold at foreclosure sales (Foreclosures Public Data Summary...
Housing’s New Worry: Repeat Foreclosures Return
After the worst national housing crash in history, the picture of distress continues to improve, but now with one worrisome aberration. For the first...
Report: The Foreclosure Crisis Ended Last Year
The U.S. foreclosure crisis was all but over last year, analysts say, as foreclosures and delinquencies ended the year at seven-year lows.
Foreclosures dropped to...
Proposed Changes to Mortgage Servicing Rules: Protections for Surviving Family Members
Today, we’re proposing changes to our Mortgage Servicing Rules, which took effect on January 10, 2014. These rules provide important protections for consumers with...
Beware: The Robo-Signers Aren’t Finished Yet
Remember the robo-signers, those mortgage loan automatons who authenticated thousands of foreclosure documents over the years without verifying the information they were swearing to?
Well,...
Why Are More Homes Selling at Foreclosure Auctions After the Crisis?
Six years after the housing bust, lenders are still offloading homes that have been in foreclosure limbo. And they're stepping up their efforts.
In October...
Hotel Bankruptcy: Owner Liability Under Nonrecourse Carve-Out or “Bad Boy” Guaranties
Although each property has its own financing structure, hotel financings are generally nonrecourse, which means lenders can only look to their collateral, namely the...
Is the FHA Distressed Asset Stabilization Program Meeting Its Goals?
In the summer of 2012, the Federal Housing Administration, or FHA, announced it was launching a new program to auction off pools of delinquent...
Mortgage Foreclosures 2015: Why the Crisis Will Flare Up Again
We are nearly eight years removed from the beginnings of the foreclosure crisis, with over five million homes lost. So it would be natural...
