Tag Archives: Delinquency

As Mortgages Improve, Old Ills Still Hit Big Banks

“The five mortgage services that signed the National Mortgage Settlement are legally required to take specific, rigorous, and enforceable steps to protect homeowners,” Attorney General Schneiderman said. “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds … 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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‘Underwater Mortgage’ Refis Get Fresh Push in Congress

A slight improvement in home prices has helped to pull some U.S. homeowners back above water on their mortgages, but the gains are small, and the problem is still epidemic.  As of July, 22.4 percent of homeowners with a mortgage … Continue reading

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Big Banks Pushed to Outsource Mortgages

In the wake of the financial crisis and still in the midst of the foreclosure mess, the Consumer Financial Protection Bureau announced new rules for mortgage servicers designed to protect borrowers and get them faster, more effective and informative service.  … Continue reading

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Mortgage Delinquencies Turn a Corner

Page 1 of 2 | Next PageShow Entire Article Fewer Americans are falling behind on their mortgage payments; in fact, the fewest in two years. Mortgages just one payment past due (30 days) fell to their lowest level since just … Continue reading

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