Tag Archives: Borrowers

Foreclosures drop in Bay Area, California

Foreclosure and default notices in the Bay Area and California have fallen to their lowest levels since before the housing downturn, according to a report released Wednesday. The report from San Diego’s DataQuick highlights how the foreclosure crisis appears to … Continue reading

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Housing Crisis: New Rules Hit Mortgage Servicers

The nation’s five largest banks service about half of all mortgages, but recently they have been selling those servicing rights to so-called “specialty servicers,” like Ocwen and Nationstar, whose stocks have been soaring. These companies specialize in delinquent mortgages. The … Continue reading

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When Banks Walk Away, Homeowners Don’t Always Win

The trouble is, there are many borrowers who received delinquency notices or notices of default and thought they had to vacate. These were not notices of eviction or final foreclosure. Still, the borrower left before receiving the notice that the … Continue reading

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Banks Pay Big for Robo-Signing…Again

The settlement is the result of an independent foreclosure review ordered by the Office of the Comptroller of the Currency in 2011. It required banks to hire independent auditors to go back over loans from 2009 and 2010 to look … Continue reading

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Why ‘Fiscal Cliff’ Deal Will Help the Housing Recovery

The housing market is on firmer ground today, as two major tax provisions survived the “fiscal cliff.” Congress did not touch the mortgage interest deduction, and it extended tax relief for one year on mortgage debt forgiveness. “An extension of … Continue reading

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