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Deportations could lead to more foreclosures

3 April 2017

The Trump administration's push to deport more illegal immigrants could lead to more foreclosures, fewer home sales and shortages in construction labor, according to immigration experts.

Tags: foreclosure

Former Owners Get New Shot at Foreclosed Homes

28 November 2014

Some former homeowners who lost their property to foreclosure can now buy their old homes back, simply by paying the current market price.

Tags: fannie mae, freddie mac

Foreclosure May Not Cancel Your Debt

24 November 2014

You fell behind on your mortgage payments and lost your home to foreclosure.That's the end of this financial nightmare, right? Not quite: Something called a deficiency judgment could come back and haunt you.

Tags: debt, regulations

Mortgage Loan News Compiled

10 October 2014

The following is a compilation of some important mortgage news developments from recent years.

Tags: mortgage news, refinance

Study: Unemployment Benefits Prevented 1.4M Foreclosures

20 August 2014

Expanded unemployment benefits were one of the most effective federal programs in preventing foreclosure in the wake of the Great Recession, according to a recent study, outperforming other efforts specifically designed to address the foreclosure crisis.

Tags: mortgage news, government programs

Don't Be Haunted by a Zombie Foreclosure

15 August 2014

Zombie foreclosures -- foreclosures in which homeowners move out of a property before a bank finishes taking it over, leaving the home vacant -- remain a problem across the country.

Tags: debt management, personal finance

New Rule Encourages Principal Reductions

2 August 2014

A new wrinkle in New York State law gives underwater homeowners there a new option for avoiding foreclosure.

Tags: mortgage news, new york

Fannie Mae Ending HomePath Mortgages

24 July 2014

One of the better deals in real estate is coming to an end, as Fannie Mae is retiring its HomePath mortgage options for foreclosed properties this fall.

Tags: fannie mae, mortgage news

Fighting Foreclosure? Your State Might Be Able to Help

23 July 2014

Struggling to make your mortgage payments each month? Worried that your lender is preparing to start the foreclosure process? You might be able to save your home -- and reduce your monthly mortgage payments at the same time -- with the help of your state government.

Tags: loan modification, california

Fewest New Foreclosures Since 2005

10 June 2014

Foreclosure activity continues to fall, with new foreclosure notifications in May hitting their lowest level since late 2005.

Tags: mortgage news, foreclosure

Study: Bankruptcy a Big Help in Saving Home from Foreclosure

27 May 2014

Declaring bankruptcy can be a surprisingly effective tool for saving a home in foreclosure, sharply reducing the likelihood the property will go to a foreclosure auction, according to a recent study.

Tags: mortgage news, bad credit

FHA Program Offers Quick Rebound from Foreclosure

24 April 2014

If you lost your job during the recent economic downturn, there's a good chance you may have lost your home as well.However, if you're employed again, you may already be able to qualify to buy a new home through the FHA's "Back to Work" program.

Tags: bad credit, refinance

Foreclosure Scams Getting Craftier

30 October 2013

Foreclosure rescue scams are becoming more sophisticated, as perpetrators of such frauds devise more complicated schemes for taking advantage of homeowners seeking to avoid foreclosure.

Tags: mortgage news, fraud

Market for Home Flipping Cools Off

23 October 2013

House flipping - the practice of buying and quickly reselling homes for a quick profit - dropped sharply in the third quarter of the year, after surging in late 2012.

Tags: mortgage news, california

FHA Allowing Loans after Foreclosure

19 August 2013

Borrowers who suffered a foreclosure or bankruptcy during the recent recession may still be able to qualify for an FHA mortgage under new guidelines established by the Department of Housing and Urban Development (HUD).

Tags: mortgage news, bad credit

Banks Tackling More Foreclosures

28 March 2013

The number of homes in foreclosure is on the rise but that doesn't mean more homeowners are falling into financial difficulty, according to figures released today by the foreclosure tracking firm RealtyTrac.

Tags: mortgage news, debt

New Foreclosures Lowest Since 2006

14 February 2013

Foreclosure starts have fallen to their lowest level in six-and-a-half years, after new regulations in California sharply reduced foreclosure actions there.

Tags: mortgage news, real estate

PMI Deduction Revived, Extended

2 January 2013

Two tax protections for mortgage borrowers were extended for at least another year as part of the fiscal cliff agreement approved by Congress, while the mortgage interest deduction itself went untouched.

Tags: mortgage news, mortgage insurance