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News About Foreclosures
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Latest Foreclosure Headlines
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1. N.C. Trade Group Clarifies YSPs Under New Law - House Bill 2188 signed by...
Easley announced he signed a number of bills designed to "drastically reduce" foreclosures in the ... the "Emergency Foreclosure Reduction Program ... 25,000 foreclosures could be
http://www.mortgagedaily.com/NcYsp082008.asp
2. HUD Eases Loan Modification Procedures - 3 changes outlined in mortgagee letter | ...
Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide ... completed prior to the foreclosure cancellation. Late fees are ... and mortgagors that foreclosure related costs
http://www.mortgagedaily.com/FhaMitigation082008.asp
3. IndyMac Pursues Wide-Scale Alt-A Modifications - FDIC plan to initially target...
Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide IndyMac Pursues Wide- ... for bankers and investors compared to foreclosure," she said in the statement. "By
http://www.mortgagedaily.com/FdicIndymacModifications082008.asp
4. Fannie Halts N.Y. Subprime Purchases - New law cited | MortgageDaily.com
Paterson on Aug. 2, requires a 90-day notice before foreclosure proceedings may ... settlement conference for foreclosure proceedings involving some ... in that state. Foreclosure Friends and
http://www.mortgagedaily.com/FannieNyLoans081908.asp
5. Massive Foreclosure Prevention Efforts Underway - Recent foreclosure prevention...
Two firms have automated the process of identifying foreclosure prospects and ... mitigation successes outnumber foreclosures completed by more ... quarter, new foreclosures filed saw
http://www.mortgagedaily.com/ForeclosurePrevention081908.asp
6. Impaired Loan Secondary Market Expands - Recent secondary marketing activity...
Fremont as part of an affordable loan modification and foreclosure prevention agreement with Massachusetts' attorney general. Oxford Funding Corp. continues to tout how great its
http://www.mortgagedaily.com/SecondaryMarketing081508.asp
7. Foreclosures Up Over 50% From 2007 - 272,171 July filings | MortgageDaily.com
Filings rose from 252,363 filings the prior month and 179,599 foreclosures a ... 679,059 foreclosures have been filed. Foreclosure filings reflect ... one foreclosure filing,
http://www.mortgagedaily.com/Foreclosures081408.asp
8. Another State Sues Countrywide - West Virginia announces lawsuit | MortgageDaily...
While the consumers facing foreclosure are directly affected by Countrywide's practices, all homeowners are indirectly affected," McGraw said in the statement. Last week,
http://www.mortgagedaily.com/LawsuitCountrywideWVa081308.asp
9. Record Foreclosure Activity - 192,264 July pre-foreclosures | MortgageDaily.com
Arizona was next, at 5.5 foreclosures per 100 households, followed ... had the fourth worst foreclosure rate, at 2.5 ... are flocking back" and "foreclosures are not increasing as
http://www.mortgagedaily.com/Foreclosures081308.asp
10. Freddie to Stop Buying Some N.Y. Mortgages - Impacts loans defined as subprime...
In addition to requiring a 90-day notice before foreclosure proceedings may ... settlement conference for foreclosure proceedings involving some ... defense in foreclosure proceedings. Freddie
http://www.mortgagedaily.com/FreddieNySubprime081208.asp
11. Foreclosure Prevention Becomes More Lucrative - Fannie raises servicer incentives ...
Mae said it would increase incentives to servicers that successfully avert foreclosures. Fees paid ... a pre-foreclosure sale will ... it would double foreclosure prevention fees for
http://www.mortgagedaily.com/FannieServicerFees081208.asp
12. Alt-A Meltdown - Recent MBS ratings activity | MortgageDaily.com
Moody's due to worse delinquency, foreclosure and real estate ... rates of delinquency, foreclosure, and REO in ... and rising delinquencies and foreclosures. Three tranches from the
http://www.mortgagedaily.com/Ratings081208.asp
13. Mixed Results at PHH - $10.8 billion second quarter fundings | MortgageDaily.com
Credit reserves increased by $25 million during the quarter, while foreclosures, real estate owned and bankruptcies accounted for 1.52 percent. The mortgage production unit had a
http://www.mortgagedaily.com/PhhProduction080808.asp
14. Lawsuits Pile Up Against Countrywide - Connecticut case alleges fraud...
Countywide to Stop Foreclosures The city of San ... an effort to slow foreclosures. (July 23, 2008) Lawsuit ... in a case involving a foreclosure rescue scam orchestrated by an
http://www.mortgagedaily.com/LawsuitCountrywideCt080608.asp
15. HUD Touts Foreclosures Prevented - 300,000 FHASecure refinances since September | ...
HUD Touts Foreclosures Prevented 300,000 FHASecure ... back to current headlines Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide Mortgage Servicing
http://www.mortgagedaily.com/FhaSecureVolume080608.asp
16. Foreclosure Friends and Foes - Recent foreclosure prevention activity...
LenderLive contacts high-risk borrowers and develops a strategy to avoid foreclosure that might ... committed to minimizing foreclosures such as ASF ... through the foreclosure process and
http://www.mortgagedaily.com/Foreclosures080608.asp
17. Alt-A Ratings Crumble - Recent MBS ratings activity | MortgageDaily.com
A downgrading due to higher-than-anticipated rates of delinquency, foreclosure, and REO in the ... expected rates of delinquency, foreclosure, and REO. The SASCO
http://www.mortgagedaily.com/Ratings080408.asp
18. Legislation Aims to Bring DPA Back - H.R. 6694 introduced | MortgageDaily.com
funded downpayment assistance go to foreclosure at three times the rate of loans made to borrowers who make their own downpayments," he stated. However, while the new law
http://www.mortgagedaily.com/Dpa080108.asp
19. Mass. Borrowers See Some Foreclosure Relief - State settles with WMD...
Massachusetts attorney general that will help prevent foreclosure for 200 ... borrowers. Meanwhile, monthly foreclosures in the state ... February restricting foreclosures. Fremont was
http://www.mortgagedaily.com/SettlementWmd080108.asp
20. Freddie Steps Up Foreclosure Prevention Fees - Servicer fees doubled...
Mac is doubling the fees it pays to save mortgages from foreclosure. The McLean, ... result in successful foreclosure alternatives. Freddie also ... where the foreclosure process is
http://www.mortgagedaily.com/FreddieForeclosures073108.asp
21. Housing Bill Now Law - H.R. 3221 signed by President | MortgageDaily.com
with the nation's surging foreclosures and includes ... loans headed for foreclosure and a mortgage ... FM Policy. Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide
http://www.mortgagedaily.com/HousingBillSigned073008.asp
22. Hopeful Signs in Foreclosure Battle - HOPE NOW reports record workouts...
A new report indicated quarterly delinquency and foreclosures worsened. But ... also indicated monthly foreclosure activity improved, subprime ... of completed foreclosure sales were
http://www.mortgagedaily.com/HopeNowVolume073008.asp
23. Foreclosure Prevention is Widespread - Recent foreclosure activity | MortgageDaily...
The increase in foreclosure is matched only by the increase in foreclosure prevention activity. ... to reduce foreclosures including increasing ... 7 million foreclosures were prevented
http://www.mortgagedaily.com/ForeclosurePrevention072808.asp
24. Biggest Mortgage Lenders from MortgageDaily.com - 2nd quarter topped ranked...
Statistics including data about loan originations, market share and mortgage servicing as well as foreclosure statistics and subprime statistics are maintained at: http://www.
http://www.mortgagedaily.com/PressRelease072808.asp
25. Mixed MBS Ratings Activity - Recent servicer and ratings actions | MortgageDaily...
Higher-than-anticipated rates of delinquency, foreclosure and real estate owned in the ... housing market and rising delinquencies and foreclosures. Moody's cited the same reasoning
http://www.mortgagedaily.com/Ratings072508.asp
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