Community Newspaper Owner Oregon Lithoprint Inc. Settles Charges that It Restrained Competition in the...
Oregon Lithoprint Inc., owner of the News-Register, a twice-weekly community newspaper based in Yamhill, Oreg., has agreed to settle FTC charges that it invited a competitor to collude in an arrangement to divide the market for placement of foreclosure notices.
When you think about your dream home, it’s very rare to think about a modest house with a small yard. Since you’re just dreaming anyway, you often think about luxury residences in Montreal and in other large cities where there are plenty of convenient services and amenities. But don’t just regard these homes as mere fantasies. Perhaps there’s a way to own one at a more reasonable price. Just because they’re luxury homes, it doesn’t always mean that they’re out of your reach.
The U.S. Department of Housing and Urban Development today released the Homeowners Guide to Success as part of a public-private partnership between federal agencies and industry partners. The guide provides homeowners with information on the critical first steps to take if they are at risk of missing a mortgage payment or facing foreclosure.
Two Los Angeles-Area Managers of Foreclosure Rescue Companies Convicted for Roles in Mortgage Fraud...
A federal jury found two Los Angeles, California-area managers of foreclosure rescue companies guilty today for their roles in a foreclosure rescue scheme. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division
Home ownership is traditionally seen as the gateway into middle class life. Once you own a property, you have officially arrived. A survey carried out by House Logic found that 51% of people living in rented homes were keen to buy, which is perfectly understandable given the uncertainty of life in the private rental sector.
Justice Department Sues Northwest Trustee Services, Inc. in Bellevue, Washington, for Illegally Foreclosing on...
The U.S. Department of Justice today filed a lawsuit in U.S. District Court for the Western District of Washington, alleging that Northwest Trustee Services, Inc. (Northwest) violated the Servicemembers Civil Relief Act (SCRA). The complaint alleges that since 2010, Northwest completed foreclosures on at least 28 homes owned by servicemembers without obtaining the required court orders
The Federal Housing Administration (FHA) is extending its initial 90-day foreclosure moratorium for FHA-insured homeowners impacted by Hurricanes Harvey, Irma and Maria for an additional 90 days due to the extensive damage and continuing needs in hard-hit areas. Read FHA's letter to lenders, servicers and counseling agencies.
Ginnie Mae issued an All Participants Memorandum (APM) – PM 17-02 to Single-Family Issuers providing buyout guidance for loans impacted by Hurricane Harvey and Hurricane Irma.
U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the U.S. Virgin Islands and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma. Last week, President Trump issued a major disaster declaration for St. John and St. Thomas Islands. The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in this county.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.24 percent of all loans outstanding at the end of the second quarter of 2017. The delinquency rate was down 47 basis points from the previous quarter, and was 42 basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey
The National Housing Law Project (NHLP), the National Law Center on Homelessness & Poverty (The Law Center), and the National Low Income Housing Coalition (NLIHC) applaud Representative Keith Ellison (D-MN) and Senator Richard Blumenthal (D-CT) for introducing legislation to permanently extend the Protecting Tenants at Foreclosure Act (PTFA)
The National Housing Law Project (NHLP), the National Law Center on Homelessness & Poverty (The Law Center), and the National Low Income Housing Coalition (NLIHC) applaud Representative Keith Ellison (D-MN) and Senator Richard Blumenthal (D-CT) for introducing legislation to permanently extend the Protecting Tenants at Foreclosure Act (PTFA).
The U.S. Department of Housing and Urban Development announced today it will speed federal disaster assistance to the Commonwealth of Virginia and provide support to homeowners and low-income renters forced from their homes due to Hurricane Matthew.
U.S. Housing and Urban Development Secretary Julián Castro today announced HUD will speed federal disaster assistance to the States of North Carolina, Florida, and Georgia and provide support to homeowners and low-income renters forced from their homes due to Hurricane Matthew. This week, President Obama issued a disaster declaration for the following counties
New report from NeighborWorks America focuses on people who’ve been helped by foreclosure prevention...
While taking care of his mother-in-law, who had a serious medical condition, Brian Martinez was laid off from his job after 33 years. Medical complications of his own set in, and while he eventually secured new employment, like millions of others in the United States, his income didn’t rebound and he and his wife found themselves struggling to pay their mortgage.
After eight years of work, the Bureau of Land Management’s (BLM) Desert Renewable Energy Conservation Plan (DRECP) will effectively foreclose development of renewable energy resources on millions of acres of federally managed lands in Southern California, said a coalition of renewable energy and labor groups in response to the federal government’s release of the plan. The plan abandons the initial promise to balance renewable development with preservation of desert land.
The principals of a mortgage relief operation and their companies are banned from the mortgage loan modification and debt relief business under court orders obtained by the Federal Trade Commission. The orders resolve charges that the scheme falsely promised financially distressed homeowners they would receive legal representation to prevent foreclosure or lower their mortgage payments and interest rates, and illegally charged thousands of dollars in advance
The Federal Housing Administration (FHA) today announced new procedures to strengthen the process mortgage servicers use to help struggling families avoid foreclosure and remain in their homes. FHA is streamlining its loss mitigation protocols that servicers must use when evaluating and deploying ‘home retention options,’ foreclosure alternatives that allow delinquent borrowers to retain their home.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased 11 basis points to a seasonally adjusted rate of 4.66 percent of all loans outstanding at the end of the second quarter of 2016. This was the lowest level since the second quarter of 2006. The delinquency rate was 64 basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
“Today, by finalizing revised mortgage servicing rules, the CFPB has taken an important step toward improving protections for distressed borrowers,” said John Rao, staff attorney at the National Consumer Law Center. “Many homeowners will find it easier to save their homes from foreclosure because of these new rules.”