Florida Man Dies After Collapsing in Foreclosure Court

Valrico man dies after collapsing in court TAMPA — A 67-year-old Valrico man died Tuesday morning after collapsing in a Hillsborough courtroom during a hearing on the pending foreclosure of his home. Frank Collelo was with his wife, Antoinette Collelo, 57, when he fell to the floor in the Hillsborough County Circuit courtroom of Judge … Read more

JP Morgan, Justice Department Reach $50 Million ‘Robosigning’ Settlement

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, March 3, 2015 U.S. Trustee Program Reaches $50 Million Settlement with JPMorgan Chase to Protect Homeowners in Bankruptcy Settlement Addresses Robo-Signing and Other Improper Practices in Bankruptcy Cases The Department of Justice’s U.S. Trustee Program (USTP) has entered into a national settlement agreement with … Read more

Suicides Related to Foreclosure and Eviction Doubled During the Housing Crisis

Suicides Related to Foreclosure and Eviction Doubled During the Housing Crisis Suicides in America continue to creep upward. Between 2003 and 2013, the rate of deaths caused by suicide climbed from just shy of 11 per 100,000 residents to 13.* Suicide rates rose for every age cohort in the U.S. over that time span. In … Read more

Ocwen Set to Lose Mortgage-Servicing Contracts After Default

 Ocwen Set to Lose Mortgage-Servicing Contracts After Default (Bloomberg) — Ocwen Financial Corp., the mortgage servicer under attack for its handling of home loans, is being fired from overseeing debt backing two bond deals, according to notices sent to bondholders. Wells Fargo & Co., the trustee for the transactions, said in letters dated Feb. 24 … Read more

Ocwen Financial Intends to Sell $9.8 Billion Portfolio of Mortgage Servicing Rights to Nationstar

Ocwen Financial Intends to Sell $9.8 Billion Portfolio of Mortgage Servicing Rights to Nationstar ATLANTA, Feb 23, 2015 Ocwen Financial Corporation OCN, -5.96% announced today that its subsidiary, Ocwen Loan Servicing, LLC (“Ocwen”) and Nationstar Mortgage LLC, an indirectly held, wholly owned, subsidiary of Nationstar Mortgage Holdings Inc. NSM, +0.22% (collectively “Nationstar”), have signed an … Read more