Industry News - Foreclosure News
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05-04-2010 - Foreclosures, what to do?
Foreclosures have great opportunities and pressures in this market, and there are several things you have to consider at the moment of buying one.
 
05-04-2010 - Extreme actions of homeowners against foreclosure
In an effort to maintain his property, Keith Sadler a 53 year old man in Ohio has sealed himself inside his home, saying that he will be refusing to leave until bank end foreclosures and evictions.
 
04-29-2010 - Foreclosure: A Decreasing Activity
Foreclosures has been declining in most of the 20 worst hit spots cities in this past three months, according to a release issued this Thursday by RealtyTrac, a leading online marketer of foreclosed homes.
 
04-28-2010 - Detroit’s Foreclosure Aftermath.
Detroit, a city that has been hit hard with the recession and filled with foreclosures and abandoned buildings, East Warren Avenue on Detroit's east side could be called the epicenter. In the surroundings of 48224 zip code banks own 1,331 buildings, more than 7 percent of homes in the area were in foreclosure last year -- the highest rate in the city.
 
04-28-2010 - Thousands Bid, 207 Families Buy Homes at Freddie Mac Auctions in Las Vegas, Riverside/San Bernardino Counties
Freddie Mac (NYSE: FRE) today reported that it had sold 207 HomeSteps® REO homes to first time buyers and other owner-occupants at morning and afternoon auctions
 
04-27-2010 - Five Brothers Introduces QuickData HUD P260 Bid Data Input Service
Warren, Michigan-based Five Brothers, a nationwide provider of commercial and residential mortgage default management solutions, today announced the release of its QuickData(TM) HUD P260 bid data
 
04-27-2010 - Roy Oppenheim Florida Foreclosure Workshop: Strategic Defaults and Short Sales
Strategic default and short sales are the buzzwords in Florida real estate as homeowners look to beat the banks and craft personal foreclosure bailouts. While the
 
04-26-2010 - The Work Number Shares RESPA Survey Results at MBA's National Technology in Mortgage Banking Conference: Survey Finds Majority of Lenders RESPA Compliant
The Work Number® conducted a survey of its mortgage and banking customers on the impact of the new Real Estate Settlement Procedures Act (RESPA) regulations on
 
04-26-2010 - Mortgage Fraud Continues to Climb According to LexisNexis(R) Mortgage Asset Research Institute
Reported incidents of mortgage fraud and misrepresentation by professionals in the mortgage industry in the U.S. are continuing to climb and increased by 7 percent from
 
04-26-2010 - DataVerify DRIVE Technology Available to Help Lenders Comply with New Fannie Mae (LQI) Requirements
DataVerify today announced features available through its breakthrough DRIVE technology to help mortgage lenders nationwide comply with a host of new Fannie Mae guidelines. Fannie Mae recently
 
04-25-2010 - The PMI Group, Inc. Reports First Quarter 2010 Financial Results
-- The PMI Group, Inc. (the "Company") reported a loss from continuing operations in the
 
04-23-2010 - Coalition Launches New Campaign to Fight Loan Modification Scams
The Loan Modification Scam Prevention Network, led by Fannie Mae (NYSE: FNM), Freddie Mac, the Lawyers' Committee for Civil Rights Under Law and NeighborWorks America, today
 
04-21-2010 - Fidelity National Financial, Inc. Reports First Quarter 2010 EPS of $0.07
Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, mortgage services, specialty insurance, claims management services and information services, today reported operating results
 
04-21-2010 - DJSP Enterprises, Inc. to Handle Processing for National Foreclosure Alternative Program for Leading Mortgage Lender
DJSP Enterprises, Inc., (Nasdaq: DJSP) one of the largest providers of processing services for the mortgage and real estate industries in the United States, today announced
 
04-20-2010 - First American CoreLogic Announces Partnership with The Prieston Group
-- First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and America's largest provider of advanced property and ownership information,
 
04-19-2010 - DJSP Enterprises, Inc. Announces Agreement to Acquire Timios, Inc., Expand Presence Into 38 States
DJSP Enterprises, Inc. (Nasdaq: DJSP, DJSPW, DJSPU), one of the largest providers of processing services for the mortgage and real estate industries in the United States,
 
04-19-2010 - Pennsylvania Banking Department Warns Consumers About Misleading Mortgage Marketing Tactics
The Pennsylvania Department of Banking is warning consumers about a new wave of misleading marketing tactics designed to entice homeowners into refinancing their mortgages. The department's Office
 
04-19-2010 - Grubb & Ellis Significantly Bolsters Capital Markets Capabilities With Addition of Jeff Majewski
Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Jeff Majewski has joined the company as executive managing
 
04-15-2010 - Freddie Mac Names Anthony Renzi As EVP of Single Family Portfolio Management
Freddie Mac (NYSE: FRE) today named Anthony (Tony) Renzi to the newly created position of executive vice president of single-family portfolio management. Renzi is a 24-year
 
04-15-2010 - Association of Mortgage Investors Sees Need for More Robust Solution to Foreclosure Crisis
Micah Green of Patton Boggs LLC today released the following statement on behalf of the Association of Mortgage Investors in response to Treasury's release of the
 
04-14-2010 - For Every Home Saved, Another 10 Go Into Foreclousure!.
The Obama administration's mortgage-modification program is not keeping pace with the deluge of foreclosures hitting the market, a government watchdog found.
 
04-14-2010 - Foreclosure Experts Urge Tax Reform to Aid Consumers after Foreclosures, Short Sales
Foreclosure experts at USHUD.com and Heavy Hammer Inc. today urged changes to The Mortgage Debt Relief Act of 2007 that would extend the life of the
 
04-13-2010 - New Data Service Helps Lenders Create Accurate Good Faith Estimates
With less than three weeks to go before HUD begins enforcing the new Good Faith Estimate regulations, mortgage originators can now create more accurate Good Faith
 
04-12-2010 - Bank of America Completes Nearly 33,000 Permanent Home Affordable Modifications, More Than 12,000 in Past Month
Bank of America has placed nearly 33,000 struggling homeowners into completed mortgage modifications with affordable payments under the federal government's Home Affordable Modification Program (HAMP), including
 
04-12-2010 - Edward Delgado to Join The Five Star Institute As CEO
The Five Star Institute (FSI), an education provider that offers professional guidance and a specialization in working with defaulted real estate, is pleased to announce that
 
04-12-2010 - LPS' Mortgage Monitor Report Shows Total Delinquent Loans 21.3 Percent Higher Than Last Year; Foreclosure Rates At Record High
The latest Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, shows that the total
 
04-09-2010 - Short Sale! Your Best Option.
Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals.
 
04-01-2010 - RoundPoint Financial Group Purchases a Stake in $490 Million in Residential Mortgage Loans from FDIC; Arrangement Designed to Maximize Value Through Assisting Distressed Homeowners
RoundPoint Financial Group announced today that one of its subsidiaries has purchased from the Federal Deposit Insurance Corporation ("FDIC") a 50 percent stake in $490 million
 
03-31-2010 - HAMP Help: freeHAMPreport.com Debuts Twitter Tool to Answer All HAMP Questions From the Public
In response to the high volume of questions swirling around about the Home Affordable Modification Program (HAMP) and recent updates in the media and the Internet,
 
03-19-2010 - FlatWorld Capital's Affiliate, DAL Group, LLC, Completes Its Business Combination with Chardan 2008 China Acquisition Corp. to Become DJSP Enterprises, Inc.
FlatWorld Capital LLC, a New York and Hyderabad, India based global private equity firm, and its affiliates announced today that their affiliated subsidiary, DAL Group, LLC,
 
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