A mortgage lender must stop sending overdue-payment information to credit agencies once the debtor notifies the lender in writing why he or she believes the reported debt is not overdue, a federal appeals court ruled Tuesday in a case brought ...
Tagged with: borrowers Consumer Financial Protection Bureau credit agencies lenders mortgages qualified written request Real Estate Settlement Procedures Act
Read More »LOS ANGELES — The U.S. is on track to end the year with the fewest homes repossessed by lenders in six years, a trend that should help limit the negative impact foreclosures have on home values. Lenders repossessed 36,964 U.S. ...
Tagged with: borrowers Foreclosures homes lenders loans maryland Real Estate real estate news
Read More »PHOENIX — Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation’s mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be ...
Tagged with: Banks Economy fannie mae freddie mac housing market lenders loans mortgage Real Estate real estate news
Read More »LOS ANGELES — Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover. Lenders initiated the foreclosure process on 57,286 homes last month, ...
Tagged with: foreclosure Foreclosures homes housing lenders Real Estate real estate news RealtyTrac
Read More »LOS ANGELES — Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others. Completed foreclosures jumped 11 percent nationally in ...
Tagged with: Foreclosures homes lenders Real Estate real estate news RealtyTrac
Read More »WASHINGTON — Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out. The rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a ...
Tagged with: borrowers Consumer Financial Protection Bureau consumers housing Law lenders loans mortgage Real Estate real estate news
Read More »LOS ANGELES — U.S. homes are entering the foreclosure process at a slower pace than a year ago, and fewer properties are being repossessed by lenders, new data show. Between January and October, 971,533 homes were placed on the path ...
Tagged with: Banks Foreclosures homeowners homes lenders Real Estate real estate news
Read More »Welcome to Monday and the start of the political convention season. Here are some things you probably will not hear during the next several weeks.
Tagged with: Barack Obama conviction dna foreclosure justin bieber law blog roundup lenders mediation mitt romney mortgage motorcycle patent photo politics rape texas
Read More »LOS ANGELES — More Americans are making their car payments on time, a trend that has sent the rate of overdue auto loans to the lowest level on records dating back more than a decade. The rate of U.S. auto ...
Tagged with: auto loans borrowers consumers debt Economy lenders payments Retail transunion
Read More »More U.S. homes started on the foreclosure path in July, as lenders tackled a backlog of mortgages gone unpaid even as they pulled back on home repossessions. The number of homes that received an initial notice of default — the ...
Tagged with: Banks borrowers foreclosure Foreclosures homes lenders mortgage lenders mortgages RealtyTrac short sale
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