Foreclosures Newswire

Foreclosures Newswire

Comprehensive Real-Time News Feed for Foreclosures.

Results 1 - 20 of 5,110 in Foreclosures

  1. Deed restrictions may end with foreclosuresRead the original story w/Photo

    1 hr ago | Jackson Hole News And Guide

    Elected officials decided their fears of losing affordable housing to bankruptcy were unfounded and settled for the risk of allowing deed restrictions to expire with foreclosures. After learning about the potential pitfalls of safeguarding deed restrictions - which guarantee home prices stay affordable for low-income residents and local workers - the Jackson Town Council and Teton County Board of County Commissioners voted Dec. 3 to leave the restrictions vulnerable to keep homes affordable.

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  2. OCC sees sharp drop in mortgages serviced by large banksRead the original story w/Photo

    3 hrs ago | American Banker

    ... report showed that 95.4% of mortgages at banks were current and performing, up from 94.8% a year earlier. New foreclosures fell 3.7% to 28,508 in the third quarter from the previous quarter and fell 16.8% from a year earlier. Mortgage modifications ...

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  3. Officials discuss house's futureRead the original story w/Photo

    13 hrs ago | Observer

    A house along Sixth Avenue that was once a part of the city's owner-occupied home rehabilitation program is under the spotlight again. The house, located at 612 Sixth Ave., was purchased by the city at a sheriff's tax sale Nov. 16 following foreclosure.

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  4. Private sector competition is the key to lowering the costs of collegeRead the original story w/Photo

    17 hrs ago | Washington Examiner

    ... encouraging people to take out home loans regardless of their ability to pay led to widespread defaults and foreclosures. This student loan bubble isn't sustainable , which means taxpayers may be on the hook even more if it bursts. Time and time ...

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  5. Fannie, Freddie Enact Holiday MoratoriumRead the original story w/Photo

    17 hrs ago | Natl. Relocation & Real Estate

    As customary each holiday season, Fannie Mae and Freddie Mac have enacted an eviction lock-out suspension, which applies to all foreclosed homes. The moratorium will be observed Dec. 17, 2018 to Jan. 2, 2019.

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  6. Mortgage Performance Improves in Federal Banking SystemRead the original story

    20 hrs ago | The Office of the Comptroller of the Currency

    ... quarter, compared to 94.8 percent a year earlier. The report also showed that servicers initiated 28,508 new foreclosures during the third quarter of 2018A , a 3.7 percent decrease from the previous quarter and a 16.8 percent decrease from a year ...

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  7. Sullivan Land Bank reducing blightRead the original story w/Photo

    21 hrs ago | Times Herald-Record

    ... Vacant houses and lots, abandoned or lost because of foreclosures or delinquent taxes, are rehabbed and sold, while those too ramshackle to fix are torn down. “There are definitely (real ...

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  8. Sandwich Discovers New Hope For Abandoned HomesRead the original story

    22 hrs ago | Falmouth Enterprise

    The kitchen of this abandoned home on Wolf Hill is in shambles. A state program run out of the Attorney General's Office would allow the town to nominate a blighted property like this to get it cleaned up, renovated, and back on the town tax roll.

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  9. Are foreclosure laws holding back Illinois economy?Read the original story w/Photo

    23 hrs ago | Daily Journal/Sunday Journal

    While high property taxes and tepid of wage growth get most of the blame, experts say Illinois' sluggish housing market is partly because of its foreclosure laws. There were 267,000 foreclosures in Illinois between 2007 and 2016.

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  10. September Delinquencies Mostly Unaffected by Disasters, Eased UnderwritingRead the original story w/Photo

    Yesterday | Mortgage News Daily

    CoreLogic reports that mortgage delinquency rates were little changed in September. The percentage of mortgage loans that were 30 or more days delinquent and including those in the process of foreclosure declined by 0.6 percentage point on an annual basis, to a national rate of 4.4 percent.

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  11. Delinquencies are down, but riskier mortgage lending may mean troubleRead the original story w/Photo

    Yesterday | National Mortgage News

    Other than in areas hit by natural disasters, delinquency rates are falling with help from a healthier labor market, but a rise in riskier lending habits could signal trouble for borrowers should housing conditions change, according to CoreLogic. About 4.4% of mortgages were in some stage of delinquency in September, down from 5% a year ago.

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  12. Delinquency rates, down overall, soar in cities hit by fires, floodingRead the original story w/Photo

    Yesterday | Inman

    Hurricane Florence, Carr wildfires and Kilauea volcanic eruption prompted spike in delinquencies, even as overall foreclosure rate hit 12-year low, according to CoreLogic From North Carolina in the aftermath of Hurricane Florence to parts of California ravaged by wildfires and Hawaii following the Kilauea volcano eruption , home delinquency rates rose sharply in September even as foreclosures hit a 12-year low nationally, according to a new CoreLogic report.

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  13. Pleas CourtRead the original story w/Photo

    Yesterday | Morning Journal

    Juanita M. Duvall, Columbiana, et al., vs. Clyde R. Hughes, Edinburg, Pa., excess $25,000 sought for alleged monetary loss from a trust account for which defendant was serving as the fiduciary. Roundpoint Mortgage Servicing Corp. vs. Merlin and Danielle Brown, et al., foreclosure sought for property on state Route 45, Lisbon.

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  14. Falling home prices led to 3Q's $140B drop in available equityRead the original story w/Photo

    Yesterday | National Mortgage News

    ... ver-year drop of 17.93% and an 8.19% decline from September. Year-to-date, the delinquency rate is down 15.39%. Foreclosures saw similar results. The rate dropped to 0.52%, a year-over-year decline of 24.24% and month-over-month inch down of 0.54%.

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  15. Home for the holidays: Fannie, Freddie stall foreclosure evictionsRead the original story w/Photo

    Yesterday | National Mortgage News

    Though legal and administrative proceedings may advance, evictions for units owned by Fannie Mae and Freddie Mac will be halted between Dec. 17 and Jan. 2. This means while other pre- and post-foreclosure activities will not be affected, and servicers may continue to file related documentation, homeowners may remain in their houses during this period. The share of loans in the foreclosure process at the end of the third quarter was 0.99%, which is down 24 basis points from a year ago and 6 basis points from the previous quarter, according to the Mortgage Bankers Association.

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  16. Connect the Speakers: Courtney Poulos on the true cost of opening your own brokerageRead the original story w/Photo

    Monday | Inman Real Estate News

    ... estate is to be able to predict who it's best for, target those people and sell. When the market was full of foreclosures, my investors were buying and buying and buying - that's when I got into the market, really, was when it was starting to turn, ...

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  17. How a Subprime Banking Workaround Could Crush Your RetirementRead the original story w/Photo

    Monday | Entrepreneur Magazine

    ... risky loan business. It was precisely this type of under the radar, back-door lending that led to the soaring foreclosures, cratering home values, failing banks and dwindling retirement accounts of a decade ago. And early next year, Fair Isaac and ...

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  18. Fed won't lift Wells' growth cap until deficiencies are fixed: PowellRead the original story w/Photo

    Yesterday | American Banker

    The Federal Reserve will not lift the asset cap imposed on Wells Fargo until the bank addresses deficiencies in board oversight and its risk management program, Fed Chairman Jerome Powell said in a letter to Congress last month. "What happened at Wells Fargo was outrageous.

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  19. EXCLUSIVE: CityPlace sues lender over $150M loan refinanceRead the original story w/Photo

    Yesterday | Palm Beach Post

    CityPlace on Friday sued its lender, claiming Credit Suisse Commercial Mortgage is trying to derail the West Palm Beach shopping center's critical refinance of a $150 million loan, which matures tomorrow, Dec. 11. A failed refinance could imperil the project and lead to a foreclosure of the shopping and dining center, CityPlace Retail claimed in its lawsuit, filed in Palm Beach County Circuit Court on Dec. 7. "Plaintiff is in imminent danger of being deprived of substantial real and personal property rights," CityPlace Retail wrote in the court filing.

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  20. Trump May Choose Critic of Fannie and Freddie to Lead Agency Overseeing ThemRead the original story w/Photo

    Monday | The New York Times

    President Trump is expected to nominate Mark Calabria, the chief economist for Vice President Mike Pence, to run the government agency overseeing the mortgage giants Fannie Mae and Freddie Mac, according to two White House officials. Mr. Calabria, who is being eyed to run the Federal Housing Finance Agency, is a longtime critic of the government-backed housing finance companies, which have been under government control since the 2008 financial crisis.

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