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Ocwen Engages in Community Outreach to Help Distressed Borrowers

Stop Foreclosure Daily Blog:

GSEs Prevented 121,000 Foreclosures in First Half of 2015

1]Ocwen Financial [2] has announced a partnership with several communities and non-profits in order to reach out to assist borrowers who are in need of mortgage assistance and keep them in their homes.

The Atlanta-based servicer’s outreach, which is scheduled to take place in 10 cities across California, New…

Ad Campaign Targeted at Helping Homeowners Avoid Foreclosure Rescue Scams

Stop Foreclosure Daily Blog:

Stop Foreclosure Philadelphia

]New York Attorney General Eric Schneiderman [2] has announced a targeted advertising campaign [3] and consumer education initiative to assist homeowners in his state avoid foreclosure rescue scams.

The ads will appear in billboards and on Facebook in the areas that have reported foreclosure rescue scams most frequently. Typically, a…

Home » HOPE NOW: Mortgage industry achieves 24M solutions and 6M loan mods The Ticker HOPE NOW: Mortgage industry achieves 24M solutions and 6M loan mods

Trey Garrison

Stop Foreclosure Daily Blog:

411,000 non-foreclosure solutions for homeowners during 2Q

In the second quarter of 2015, approximately 411,000 homeowners received non-foreclosure solutions from mortgage servicers, according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

Since 2007 the mortgage…

Stop Foreclosure Daily Blog: Learn how to fight back. Did you know that most banks are just servicing companies and don’t even own your mortgage?

Find out how to get a certified Loan Audit to stop foreclosure on your home. But this package does not stop there.. Armed with the leverage the report provides, many distressed homeowners have gained the advantage of putting themselves in the position…

Builders Plan to Build More Detached Homes for Single-Family Rentals

Stop Foreclosure Daily Blog-Avoid Foreclosure Philadelphia

Builders Plan to Build More Detached Homes for Single-Family Rentals

By Brian Honea On August 4, 2015 @ 4:19 pm

[1]More detached homes will be built for single-family rental to meet increasing demand for rental housing, according to a report from John Burns, CEO of John Burns Real Estate Consulting [2] released Tuesday.

For many years,…

Stop Foreclosure Daily Blog Posted By Brian Honea On August 6, 2015 @ 5:25 pm

GSEs Prevented 121,000 Foreclosures in First Half of 2015

[1]Fannie Mae [2] and Freddie Mac[3] have combined to help approximately 121,000 homeowners avoid foreclosure through a variety of both retention and non-retention solutions through the first six months of 2015, according to the GSEs’ Q2 2015 results released…

There are many media reports that to some extent link the financial crisis to the housing market crash, and subsequently, research has confirmed that,” Zhang said. “One of the issues that people have paid particular attention to is the role played by derivative securities, and in this case, credit default swaps.”

Credit default swaps (CDS) acting as insurance policies for investors are linked to…

Trey Garrison May 28, 2015 1:06PM

Democrats and Republicans in Congress came together to encourage the Consumer Financial Protection Bureau to enact a grace period for enforcement of the TILA-RESPA Integrated Disclosure rule, which takes effect on Aug. 1, and for which much of the industry is not prepared.

Democrats and Republicans in Congress came together to encourage the Consumer Financial…

Brena Swanson May 26, 2015 5:32PM

Freddie Mac sold 1,052 deeply delinquent Ocwen serviced non-performing loans from its mortgage investment portfolio as part of its Standard Pool Offerings, marking its third sale of seriously delinquent loans in 2015.

The enterprise first announcedback in April that it was preparing to auction off a $233 million pool of non-performing loans, which are serviced by 

Re-Introduced Ohio Foreclosure Expedition Bill Passes House, Heads for Senate Vote

Stop Foreclosure Daily Blog:

A bill to expedite the lengthy foreclosure process and eliminate blight in Ohio neighborhoods that has national implications has been re-introduced and has passed by a unanimous vote in the Ohio House of Representatives.

Ohio HB 134, a bipartisan bill co-sponsored by state representatives Cheryl Grossman (Republican) and Michael Curtin (Democrat), is a new version of…

Why Mortgage Loans at Low Interest Rates Are Still Available to Bad Credit Borrowers

by Diana Gerald

For anyone interested in buying a new home, the first truly useful advice they are given is to look for mortgage loans at low interest rates. As wise as those words are, they do not indicate just how difficult it is to find a mortgage with terms considered extremely good when a bad credit history is part of the equation.

Perhaps that is why so many people with low credit scores,…

When you are a landowner, a significant portion of your personal net worth may be tied up in that property. Once you decide to sell the property that you own, it is important to try and get the most profitable deal possible.

If you get some good advice going in, there is more money to be made and less stress to be had.

Don’t forget to trim your trees and bushes if you want to sell your home!…

People that want to get a home mortgage loan with bad credit are often at a loss as to where they should begin their search. They have several questions: What other qualifications are necessary in receiving a home loan with bad credit? How big of an impact will a bad credit score have on my ability to receive a home loan? What can I do to improve my chances of qualifying for a mortgage loan?

Bad…

Completed foreclosures experienced another substantial year-over-year decline in March, moving even further away from their peak from nearly five years ago, according to CoreLogic‘s March 2015 National Foreclosure Report released on Tuesday.

Foreclosure inventory also fell substantially year-over-year in March, declining by 25.7 percent down to about 542,000 mortgages (about 1.4 percent of all…

Homeowners with Poor Math Skills More Likely to Face Foreclosure

dsnews.com | April 26, 2015

Stop Foreclosure Daily Blog3 Stop Foreclosure.

Bank of America has requested an appeals court to dismiss a $1.27 billion court-imposed penalty against the bank over mortgage fraud and has also asked that the judge who imposed the penalty be removed from the case.

The Charlotte, North Carolina-based…

Stop Foreclosure Daily Blog-The home mortgage crisis or more precisely, the foreclosure crisis seems to be getting worse with each passing day. Homeowners who have submitted paperwork to their lenders wait for weeks and sometimes months, only to be told that they cannot be helped. The government issues guidelines that they promote as “programs” which only serve to confuse and further…

Stop Foreclosure Daily Blog-Avoid Foreclosure Philadelphia

The gap between the number of non-foreclosure solutions for homeowners compared with completed foreclosures widened ever further in February, according to data recently released by HOPE NOW.

The industry provided 147,000 non-foreclosure solutions for distressed homeowners in February compared to 28,000 completed foreclosures for the…