Foreclosure
Empathy in the face of foreclosure
When I began working on this piece, I was told that the mortgage community as a whole—and loss mitigation professionals…
Read More »Elon Musk’s Former Bel-Air Home Price Cut By $3 Million, Faces Foreclosure
The Bel-Air home, built by Los Angeles architect Robert Byrd, saw a price reduction from $12.95 million to $9.5 million,…
Read More »Foreclosure filings are rising. Could the trend continue in 2025?
With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to…
Read More »Flood insurance: homeowners may go into foreclosure without it
A week after Hurricane Helene overwhelmed the Southeastern U.S., homeowners hit the hardest are grappling with how they could possibly…
Read More »CFPB orders Fay Servicing to pay $2M over illegal foreclosure practices
The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal conduct in foreclosures. The…
Read More »Mortgage delinquency, foreclosure activity point to rising homeowner distress
Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released…
Read More »Investment Firm Loses Former Trump Hotel To Foreclosure Auction
Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan…
Read More »HUD, FHA further extend Maui foreclosure moratorium to 2025
The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15, which extends a foreclosure moratorium on the Hawaiian island…
Read More »CFPB proposes new servicing rules that would focus on foreclosure assistance
The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require…
Read More »