What Is Force-Placed Insurance?
If you have a mortgage, then odds are that the mortgage provides for force-placed insurance. Force-placed insurance is a common […]
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Strategic Default Increasingly Common Among Baby Boomers
According to YouWalkAway.com, Baby Boomers are increasingly likely to strategically default on their mortgages. YouWalkAway surveyed its customers and then
New Data on Underwater Borrowers
Dr. Stan Humphries, the Chief Economist at Zillow.com, recently released some data from the Zillow Negative Equity Report. Some of the data
New FHFA Guidelines to Streamline Short Sale Process
On August 21, the FHFA announced new short sale guidelines for loans backed by Fannie Mae and Freddie Mac. The
Woodstock Institute Reports A Spike in Completed Foreclosures
Although there are no accurate foreclosure numbers on a national scale, the Woodstock Institute does a good job of keeping track of
Hope LoanPort(R) and Your Loan Modification
If you are seeking a loan modification from Bank of America, you will soon be required to submit your documents through an
Sen. Jeff Merkley Has a Great Idea for Underwater Homeowners
Oregon Senator Jeff Merkley has drafted a modest proposal for creating a modern version of the Home Owner’s Loan Corporation (HOLC) to
FHFA Director DeMarco Ignores Facts, Refuses To Permit Principal Reductions
The Federal Housing Finance Agency, the entity that oversees Fannie Mae and Freddie Mac, recently released a study demonstrating that principal reductions
The CFPB’s First Enforcement Action — Capital One To Pay $210 Million
The Consumer Financial Protection Bureau (CFPB) announced its first public enforcement action last week. The settlement involves Capital One and
Did You Know That There Is An Office of Mortgage Settlement Oversight?
If you answered, “No,” to that question, you’re among the vast majority. The Office was created to monitor the banks