“We’re not verifying any income [of the borrower]. What we’re looking at is roughly about 33 percent higher in rent versus the PITI payments, so …
Many advocates caution that RealtyTrac data underestimates the number of zombie foreclosures, which are hard to count. Shaky Alliances Form to Fight Zombie Foreclosures Nearly …
Insulting But… Louisiana Receives $2.4 Mil from Unclaimed Foreclosure Settlement Money, Average Defrauded Victim Owed $300 More than 4,000 borrowers in Louisiana are owed money …
Over Five Million Baby Boomers Expect to Rent Next Home by 2020 Baby Boomers and others aged 55 or older, including several million current homeowners, …
New Jersey, Florida and New York Account for 49 Percent of FHFA’s Non-Performing Loans Sold These three states also account for 47 percent of the …
Wells Fargo Will Pay $16.3 Million to End Mortgage Debt Collection TCPA Suit According to filings yesterday in Georgia federal court, Wells Fargo Bank, N.A. …
New York: To Fight Foreclosure, NYC Buying Mortgages NEW YORK (AP) — New York City is taking a novel approach to addressing enduring pockets of …
Zombie Docket Keeps Foreclosures From The Financial Crisis Alive After the housing market crash, a lot of foreclosure cases got started and then were abandoned. …
Nationstar Issues Fifth Securitization of Inactive Reverse Mortgages Nationstar Mortgage recently issued its latest securitization of nonperforming Home Equity Conversion Mortgages (HECMs), making this the …
Wells Fargo Foreclosed Home Filled with Feces and Trash Now Getting Cleaned Up JACKSONVILLE (KATV) — A Jacksonville home filled with garbage, feces, rats and …
