Publication: DSNews.com

First reported Oct 30 2014 - Updated 3 hours ago - 2 reports

Zombie Foreclosures Decline Quarterly, Annually

The number of "zombie" foreclosures in the U.S. declined both quarter-over-quarter and year-over-year in the third quarter of 2014, according to RealtyTrac 's Q3 2014 Zombie Foreclosure Report released today.Zombie properties, which are residential properties ... [Published DSNews.com - Oct 30 2014]
First reported 8 hours ago - Updated 3 hours ago - 2 reports

DS News Webcast: Friday 10/31/2014

[embedded content]Ocwen Financial, the nation's top non-bank mortgage servicer, announced Thursday that the company has taken a $100 million dollar charge for a potential settlement regarding claims that Ocwen sent backdated foreclosure letters to thousands ... [Published DSNews.com - 4 hours ago]
First reported 6 hours ago - Updated 6 hours ago - 1 reports

Serious Delinquencies Decline by 21 Percent in September

The number of seriously delinquent mortgage loans, which are those that are more than 90 days past due or in foreclosure, dropped nationwide by 21 percent year-over-year in September, according to CoreLogic 's September 2014 National Foreclosure Report ... [Published DSNews.com - 6 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

California Judge Dismisses $16 Million Verdict Against Servicer

Yuba County Superior Court Judge Stephen Berrier said in his ruling that there was no "substantial evidence to support homeowner Phillip Linza's claims of negligence, intentional misrepresentation, interference, and infliction of emotional distress on ... [Published DSNews.com - 8 hours ago]
First reported 13 hours ago - Updated 13 hours ago - 1 reports

Allstate, Bradford Combine to Launch Third-Party Inspection Product

Nationwide valuation and review services company Allstate Appraisal , based in Chicago Heights, Illinois, and computer-aided appraising technology pioneer Bradford Technologies , based in San Jose, California, have announced the launch of Valuation Express, ... [Published DSNews.com - 13 hours ago]
First reported Oct 29 2014 - Updated Oct 30 2014 - 1 reports

Grant Program Creates Opportunities for Homeownership in Cincinnati

Wells Fargo & Company is teaming with several housing organizations to announce the formation of the Cincinnati chapter of the Wells Fargo NeighborhoodLIFT program, an initiative designed to offer $5.2 million from Wells Fargo to improve Cincinnati neighborhoods ... [Published DSNews.com - Oct 29 2014]
First reported Oct 29 2014 - Updated Oct 30 2014 - 1 reports

Completed Foreclosures, Inventory Way Down in September

Foreclosure inventory and the number of completed foreclosures nationwide both saw significant year-over-year declines in September, according to CoreLogic's September 2014 National Foreclosure Report released on Wednesday.Foreclosure inventory, which ... [Published DSNews.com - Oct 29 2014]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

CFPB: Some Mortgage Servicers Violated New Servicing Rules

Examiners from the Consumer Financial Protection Bureau ( CFPB ) found that some mortgage servicers violated federal laws while supervising for compliance, CFPB announced recently.CFPB examiners found that some servicers failed to oversee the activities ... [Published DSNews.com - Oct 29 2014]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

LoanLogics Introduces Time-Saving Signature Audit Tool

Pennsylvania-based loan risk management firm LoanLogics has announced the introduction of a new signature examination tool that will make it easier to audit signatures contained in loan documents.The new technology, called SignaFacts, is part of LoanLogics' ... [Published DSNews.com - Oct 29 2014]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

DS News Webcast: Wednesday 10/29/2014

[embedded content]Short sales and sales of distressed properties, which are those that are in foreclosure or bank-owned, accounted for 12.7 percent of all residential home sales in the U.S. in the third quarter, according to RealtyTrac's Q3 2014 Residential ... [Published DSNews.com - Oct 29 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Report: Disagreement Among SEC Commissioners Stalling Bank of America Settlement

Bank of America 's record $16.65 billion settlement with several government agencies over the sale of toxic residential mortgage-backed securities (RMBS) has been stalled by an internal disagreement within the U.S. Securities and Exchange Commission ( ... [Published DSNews.com - Oct 28 2014]
First reported Oct 27 2014 - Updated Oct 27 2014 - 2 reports

DS News Webcast: Tuesday 10/28/2014

[embedded content]A recent study conducted by Trulia shows that while Democratic- and Republican-leaning U.S. markets were affected similarly by the housing crisis, the most pressing current issues of the housing industry seem to be more severely affecting ... [Published DSNews.com - Oct 27 2014]

Quotes

"I want to emphasize that Ocwen takes great efforts to keep borrowers in their homes and to avoid foreclosures," Erbey said in a release. "Ocwen recently reached a significant milestone by making its 500,000th loan modification, including 290,000 HAMP (Home Affordable Modification) modifications. Ocwen is the leader in foreclosure prevention with 44 percent more HAMP modifications than any other servicer. We work very hard to keep borrowers in their homes and that is why we take the concerns raised by the New York Department of Financial Services so seriously. We have numerous compensating controls in place which we believe should have prevented borrower harm. Nonetheless, Ocwen is proactively creating a process whereby any borrower, who believes they received a misdated letter, and were harmed as a result, will have the opportunity to receive a complete file review to resolve any issues caused by the misdating."
"He's teed this up as high as possible for us to hit and we're going to slam it down the fairway" Foondos said
...of an appraiser-driven valuation but without the time and expense of a full appraisal," said Steven Albert, President of Allstate Appraisal. "The Valuation Express report provides the right balance of quality and expertise of the local appraiser at the price points lenders require. This is exactly the solution our clients have been asking for."
"The most effective preventative vaccine for the blight caused by vacant, abandoned foreclosures has proven to be a short and efficient foreclosure process,” said Daren Blomquist, VP at RealtyTrac. "Absent that, the best antidote for a zombie foreclosure infestation is a pro-active land bank program like that in Cleveland and more recently Chicago designed to aggressively take possession of vacant foreclosures and rehab or demolish them. Meanwhile, markets with lengthy and lengthening foreclosure timelines have unintentionally created a zombie foreclosure breeding ground. As we see a backlog of delayed distress finally hit the foreclosure pipeline in some of those markets, the problem is coming more to light.""

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All (151) | News (151) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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DS News Webcast: Friday 10/31/2014 [Published DSNews.com - 4 hours ago]
Serious Delinquencies Decline by 21 Percent in ... [Published DSNews.com - 6 hours ago]
Servicer Takes $100 Million Charge for Potentia... [Published DSNews.com - 8 hours ago]
California Judge Dismisses $16 Million Verdict ... [Published DSNews.com - 8 hours ago]
Allstate, Bradford Combine to Launch Third-Part... [Published DSNews.com - 13 hours ago]
Zombie Foreclosures Decline Quarterly, Annually [Published DSNews.com - Oct 30 2014]
DS News Webcast: Thursday 10/30/2014 [Published DSNews.com - Oct 30 2014]
Grant Program Creates Opportunities for Homeown... [Published DSNews.com - Oct 29 2014]
Completed Foreclosures, Inventory Way Down in S... [Published DSNews.com - Oct 29 2014]
CFPB: Some Mortgage Servicers Violated New Serv... [Published DSNews.com - Oct 29 2014]
LoanLogics Introduces Time-Saving Signature Aud... [Published DSNews.com - Oct 29 2014]
DS News Webcast: Wednesday 10/29/2014 [Published DSNews.com - Oct 29 2014]
Report: Disagreement Among SEC Commissioners St... [Published DSNews.com - Oct 28 2014]
Report: Mortgage Fraud Risk Increases 3.2 Percent [Published DSNews.com - Oct 28 2014]
Servicers, Regulators Partner to Create CFPB Co... [Published DSNews.com - Oct 28 2014]
Distressed Homes Discount Averages 37 Percent i... [Published DSNews.com - Oct 28 2014]
Percentage of Short, Distressed Sales Falls to ... [Published DSNews.com - Oct 28 2014]
DS News Webcast: Tuesday 10/28/2014 [Published DSNews.com - Oct 27 2014]
Report: Highest Percentage of Seriously Underwa... [Published DSNews.com - Oct 27 2014]
Optimism Among Home Sellers Declines in Q3 [Published DSNews.com - Oct 27 2014]
Study: Pressing Housing Challenges More Apparen... [Published DSNews.com - Oct 27 2014]
LenderLive’s GuardianDocs Launches New Asset Va... [Published DSNews.com - Oct 27 2014]
DS News Webcast: Monday 10/27/2014 [Published DSNews.com - Oct 27 2014]
SIGTARP Investigations, Audit Teams Receive Awa... [Published DSNews.com - Oct 25 2014]
Anonymous Bidder Puts Up $3.1 Million for Distr... [Published DSNews.com - Oct 24 2014]
Foreclosure Inventory, Delinquencies See Declin... [Published DSNews.com - Oct 24 2014]
LenderLive Appoints Regional Account Executive ... [Published DSNews.com - Oct 24 2014]
Wingspan Receives Capital Infusion, Names New P... [Published DSNews.com - Oct 24 2014]
DS News Webcast: Friday 10/24/2014 [Published DSNews.com - Oct 24 2014]
Same Three States Top Negative Equity List in Q... [Published DSNews.com - Oct 23 2014]
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