foreclosure

NACA NCLC NACBA Wrongful Foreclosure Survey Results - February 22, 2012

Publish Date: 
February 22, 2012
Type: 
Legislative Issue

Mortgage Servicers Continue to Wrongfully Foreclose on Homeowners According to a Recent National Survey of Consumer Attorneys.

Tagged in:

What Went Wrong With Foreclosure Aid Programs?

Release Date: 
December 12, 2011

Source: Julie Schmit, USAToday.com

Steven and Lisa Maultsby lost their Mississippi home to foreclosure this year.

At the time, they thought they were being reviewed for a loan modification through the U.S. government's foreclosure-prevention program.

A Realtor knocking on their door to tell them to vacate told them otherwise.

MORE: Comparing the foreclosure aid programs
"I'm bitter," says Steven Maultsby, 51, who works with undersea robots in the oil industry. "We did everything they told us to do."

Sizing Up HARP 2.0

Release Date: 
December 1, 2011

 

Tagged in:

Mortgage Probe May Open Path for Housing Relief

Release Date: 
October 28, 2011

Source: Reuters

A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses — cutting the mortgage debt owed by homeowners.Five major banks could be required to commit roughly $15 billion to reduce principal balances for struggling homeowners and modify loans in other ways under a proposed deal to settle allegations linked to the "robo-signing" scandal.

Foreclosure Probe Explained: What State AGs Want from Big Banks

Release Date: 
October 26, 2011

Source: By Josh Gramlich, Stateline Staff Writer

'Shadow Inventory' of Homes Could Topple Real-Estate Recovery

Release Date: 
October 16, 2011

Source: Toluse Olorunnipa, Sun-Sentinel.com

In the aftermath of the largest home repossession campaign in history, mortgage lenders are holding properties off the market as a matter of strategy. Flooding the fragile housing market with an additional 500,000 to 1.1 million homes -- many of them deteriorating and selling at deep discounts -- would cause already weak prices to fall further.

Fannie, Freddie Told to Change Lawyer Practices in 'Robo-Signing' Revamp

Release Date: 
October 18, 2011

Source: Alan Zibel, The Wall Street Journal

WASHINGTON—A U.S. housing regulator, responding to last year's "robo-signing" scandal, has ordered mortgage-finance titans Fannie Mae and Freddie Mac to revamp the system for hiring law firms to process foreclosure cases.

Millions of Homes Lurk on Bank Inventories, Casting Doubts of Rebound

Release Date: 
October 16, 2011

Source: - McClatchy Newspapers


MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks' balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owners as lenders wait months or years before taking action.

Join NACA Now

Take Action! Training Suggestion

Stay Connected

FacebookTwitter