A recent settlement in a Michigan court case provides new options for homeowners facing tax foreclosures. Click through to read the details.
Read More »New York Buys Distressed Mortgages to Fight Zombie Homes
New York Gov. Andrew Cuomo has announced that the state, working through its Community Restoration Fund, has purchased 172 distressed mortgages in high-foreclosure areas, hoping to help keep the homeowners in their homes and avoid letting more abandoned properties fill ...
Read More »Loss Mitigation Efforts Are Still Alive and Well
Mortgage servicers are still hard at work helping families avoid foreclosure, according to HOPE NOW's latest data.
Read More »Declining Non-Foreclosure Solutions Indicate Healthier Housing Market
While the number of completed non-foreclosure solutions is declining, so are foreclosure starts and sales—and that means good news for housing.
Read More »Continued Economic Growth Vital for Still-Challenged Markets
With foreclosure volumes—and the need for loss mitigation—on a steady decline, the question is whether or not housing markets can sustain their growth.
Read More »Fannie Mae Change Aimed at Helping More Struggling Borrowers Avoid Foreclosure
The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative.
Read More »Foreclosure Sales Are Way Down—But So Are Solutions
While the number of foreclosure sales is on a rapid pace of decline and is headed toward pre-crisis levels, data released by HOPE NOW on Monday shows that the number of non-foreclosure solutions is falling at almost the same rate.
Read More »GSEs Have Totaled Nearly 3 Million Home Retention Actions During Conservatorship
More than half of the total foreclosure prevention actions completed by the FHFA in nearly seven years (1.82 million) have come in the form of permanent loan modifications, according to FHFA.
Read More »GSEs’ Q1 Foreclosure Prevention Actions Bring Seven-Year Total to 3.5 Million
Fannie Mae and Freddie Mac combined to complete 65,960 foreclosure prevention actions in Q1 this year, bringing the total of such actions up to almost 3. 5 million between the two GSEs since September 2008 when the conservatorships began, according to the Federal Housing Finance Agency (FHFA)'s Q1 2015 Foreclosure Prevention Report released on Tuesday.
Read More »Freddie Mac Offers Distressed Homeowners a Complete Guide to Foreclosures and Alternatives
Borrowers are warned to watch for the warning signs of foreclosure and to seek help if they look familiar. If a borrower is in need of help avoiding foreclosure, Freddie Mac lists several options to contact for help: the lender, housing counselors, Freddie Mac borrower help centers, and house finance agencies.
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