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THE REAL ESTATE MARKET OUTLOOK FOR 2021
Nobody could ever foresee a global pandemic moving into 2020. It’s spread has left a global economic crisis, businesses counting losses and not forgetting the countless government initiatives to enforce lockdown measures such as social distancing and travel restrictions in aid to tackle the spread
Biden Administration Announces Another Foreclosure Moratorium and Mortgage Forbearance Deadline Extension That Will Bring...
The U.S. Department of Agriculture announced an extension of eviction and foreclosure moratoriums on USDA Single Family
Biden Administration Announces Foreclosure Moratorium and Mortgage Forbearance Deadline Extension That Will Bring Relief...
USDA Extends Evictions and Foreclosure Moratorium to March 31, 2021 and Provides Additional Guidance for Servicing Loans Impacted by COVID-19
Should You Buy Foreclosed Home in Orlando?
Buying a house is the moment you are both stressed out and incredibly happy at the same time. Not everyone is in a favorable financial situation for this expense, so choosing a new living space is one of the biggest things in life for many people.
Statement from NFHA President and CEO Lisa Rice on HUD’s COVID-19 Response
The National Fair Housing Alliance (NFHA) applauds recent steps taken by the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) to assist homeowners affected by the COVID-19 crisis. Implementing a moratorium on foreclosures and foreclosure-related evictions for at least 60 days is a good first step in helping
House Democrats’ COVID-19 Response Bill Prioritizes Working Families, Provides Relief for Consumers & Borrowers
U.S. House of Representatives Speaker Nancy Pelosi (D-Calif.) and the House Democratic Caucus introduced their COVID-19 stimulus package, Take Responsibility for Workers and Families Act. Among the proposals, the bill includes provisions that support student loan debt cancellation and a halt on home foreclosures
HUD PROVIDES IMMEDIATE RELIEF FOR HOMEOWNERS AMID NATIONWIDE CORONAVIRUS RESPONSE
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, in consultation with the Trump Administration and the Coronavirus Task Force, today authorized
Mortgage Delinquencies Decrease in Fourth Quarter of 2019
The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019
When the Hammer Falls: A Look Into the Foreclosure Process
Have you wondered what the process is for a foreclosure on a property? According to Attom Data, 362,275 homes in the U.S. foreclosed last year.
Before Veterans Day Weekend, Norton to Introduce Veterans Legal Support Act
Congresswoman Eleanor Holmes Norton (D-DC) announced today she will introduce the Veterans Legal Support Act of 2019, which would allow the U.S. Department of Veterans Affairs (VA)
Life After Foreclosure: Advice for Becoming a Homeowner Again
This is probably what will ring through your mind when you decide to take the journey toward homeownership after foreclosure. The first journey is still fresh in your memory; bruising and full of financial and regulatory obstacles.
Read NRMLA’s Statement to USA Today
On June 13, NRMLA President and CEO Peter Bell submitted the following statement to USA Today in response to the investigative series of articles on HECM foreclosures written by reporters Nick Penzenstadler and Jeff Kelly Lowenstein.
What is a ‘Short Sale’?
In East Bay real estate terminology, short sales refer to the house being sold lesser than the mortgage owed by the seller. The house will only be for short sale with the lender’s approval. It is a tedious process which requires a lot of paper works and the decision might take a year.
Justice Department Obtains $750,000 From PHH Mortgage Corp. for Unlawfully Foreclosing on Servicemembers’ Homes
The Justice Department today announced that PHH Mortgage Corporation (PHH) has agreed to pay $750,000 to six servicemembers to resolve allegations that it violated
HUD ANNOUNCES DISASTER ASSISTANCE FOR CALIFORNIA FIRE VICTIMS
The U.S. Department of Housing and Urban Development (HUD) today announced it will speed federal disaster assistance to the State of California and provide support to homeowners and low-income renters forced from their homes in areas affected by wildfires
Third Real Estate Investor Pleads Guilty to Bid Rigging in Florida Online Foreclosure Auctions
Real estate investor Avi Stern pleaded guilty today in West Palm Beach, in connection with an ongoing investigation into bid rigging at online public foreclosure auctions in Florida, the Department of Justice announced. Stern is the third real estate investor to plead guilty in this investigation.
Governor Brown Restores California Homeowner’s Bill of Rights
California Governor Jerry Brown has signed into law SB 818, a bill to restore key provisions in California’s landmark “Homeowner’s Bill of Rights” (HBOR) legislation which passed in 2012 in response to the foreclosure crisis. HBOR has prevented thousands of avoidable foreclosures by requiring mortgage loan servicers to engage in timely
Real Estate Investor Pleads Guilty to Rigging Bids at Online Foreclosure Auctions
Real estate investor Stuart Hankin pleaded guilty today for his role in a conspiracy to rig bids, in violation of antitrust law, at online public foreclosure auctions in Florida, the Department of Justice announced. He is the first defendant to plead guilty in this conspiracy.
Sixth Mississippi Real Estate Investor Pleads Guilty to Conspiring to Rig Bids at Public...
Mississippi real estate investor Ivan Spinner became the sixth real estate investor to plead guilty in connection with the ongoing investigation into bid rigging at public real estate foreclosure auctions in Mississippi, the Department of Justice announced.
Mortgage Delinquencies Down in 1st Quarter of 2018
The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally-adjusted rate of 4.63 percent of all loans outstanding at the end of the first quarter of 2018. The delinquency rate was down 54 basis points from the previous quarter, and was eight basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
