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  • Ocwen3.15+0.05 +1.61%
  • Zillow39.99-0.29 -0.72%
  • Trulia47+0 +0%
  • NationStar17.69+0.37 +2.14%
  • CoreLogic45.62-0.39 -0.85%
  • RE/MAX61.15+0.45 +0.74%
  • Fannie Mae2.78+0.04 +1.46%
  • Freddie Mac2.65+0.05 +1.92%
  • Wells Fargo54.24+0.49 +0.91%
  • CitiMortgage71.925+0.465 +0.651%
  • Bank of America25.255+0.195 +0.778%
  • Fidelity National Financial47.36-0.94 -1.95%
  • First American49.04-0.22 -0.45%
  • Black Knight Financial Services43.85-0.15 -0.34%
  • AUDUSD=X0.7931-0.0100 -1.2513%
  • USDJPY=X112.5440+0.2300 +0.2048%
Home | Tag Archives: Foreclosure Prevention

Tag Archives: Foreclosure Prevention

Easing the Burden

Ocwen Financial Corporation released the results of its loan modification borrower assistance program for the first half of 2017, allows for a mortgage payment reduction of up to 20 percent to qualified borrowers, and an option for principal forgiveness.

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Foreclosure Activity Down Across the Board

According to a new report, serious delinquencies, short sales, deeds-in-lieu, third-party sales, and foreclosure sales were all down for the month. Earlier-stage delinquencies were up in February, however, with loans 30 to 59 days delinquent rising from 377,000 to 404,000 for the month. Of February loan modifications, 19 percent had principal forbearance, while extend-term modifications accounted for 44 percent—something the report attributes to ever-climbing housing prices.

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