Bank's 'repeated failures' led to 2000 foreclosures, feds say - CNNMoney


CNNMoney

Bank's 'repeated failures' led to 2000 foreclosures, feds say
CNNMoney
While borrowers were trying to save their homes from foreclosure, Flagstar Bank sat on important documents and "drove borrowers into foreclosure," authorities said Monday. That led to over 2,000 foreclosures in the last three years, according to the ...
Feds order Flagstar to pay $37.5M in foreclosures caseThe Detroit News

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Program seeks to speed up backlog of foreclosures - The Real Deal Magazine (blog)


The Real Deal Magazine (blog)

Program seeks to speed up backlog of foreclosures
The Real Deal Magazine (blog)
U.S. bankruptcy trustees are aiming to significantly reduce the time it takes to deal with distressed homes by essentially conducting short sales during the bankruptcy process, rather than going through with foreclosure, the Daily Business Review reported.
A Win for Borrowers? Freddie Mac Testing Pilot Program for Speedier ...Daily Business Review (registration)

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House Lawyer: New federal loan guidelines ease the sting of 'zombie foreclosures' - Washington Post


Housing Wire

House Lawyer: New federal loan guidelines ease the sting of 'zombie foreclosures'
Washington Post
Before suffering through major derogatory credit events like bankruptcy, foreclosure, short sale or deed in lieu of foreclosure, you should know how long those events will adversely impact your ability to get back into the mortgage market. Fannie Mae ...
Fannie and Freddie Prevent 80000 Foreclosures in the 2nd Quarter of 2014LoanSafe
Land bank wants Fannie, Freddie to donate homesChicago Tribune

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Foreclosures top the list of civil suits in Franklin County - Chambersburg Public Opinion


Foreclosures top the list of civil suits in Franklin County
Chambersburg Public Opinion
HARRISBURG>> Franklin County Court has 30 percent fewer civil cases on its docket, two years after the state ordered county courts to clean house. The cleanup reveals an aftermath of economic recession: Foreclosures and debt collection head the list of ...


Good intentions lead to foreclosures - FOX6 WBRC - MyFoxAL.com


Good intentions lead to foreclosures
FOX6 WBRC - MyFoxAL.com
"She saw there were so many people who wanted to live the American dream, buy a house, who couldn't afford it," US Postal worker Lisa Zerhusen said. She is referring to Sylvia Thomas Bland, who operated a home renovation business. "She would buy ...


Foreclosures rise, but experts say not to worry - Los Angeles Register


Foreclosures rise, but experts say not to worry
Los Angeles Register
August foreclosures were down 9 percent from a year ago, with one in every 1,126 U.S. housing units receiving a foreclosure filing during the month. • Foreclosure filings were reported on 116,913 U.S. properties in August. • More than 55,000 U.S ...