Few Borrowers Signing Up For Foreclosure Review

Deadline for the government's foreclosure review program has been extended to Sept. 30. Just 7.5% of the 4.5 million eligible borrowers have sought a review.Deadlines are looming for anyone seeking a review of their foreclosure proceeding and for homeowners considering a short sale.

Topics:  sept   borrowers   foreclosure review   
ASK NEWS:
  • Legal Team Exodus at Mortgage Firm Said to Prompt U.S. Review - Washington Post
    U.S. Regulators Examining Departures at Mortgage Registry - Bloomberg
    04/16/2014 - 8:30 am | View Link
  • Warm weather should bring out homebuyers, local professionals say ... - BusinessWeek
    Hugh Gordon said looking at foreclosure and ... after the so-called "robo-signing" problems where ... quickly signed without negotiations with ...
    04/12/2014 - 3:51 pm | View Link
  • » Proposed Massive Citi Settlement; CFPB Hearing... - MortgageNewsDaily
    ... and Valby suggest, well, actually signing the ... Borrowers with multiple bankruptcy filings ... year requirement also applies to foreclosure ...
    04/10/2014 - 10:55 am | View Link
  • More
BING NEWS:
  • Payments coming for borrowers in $3.6B foreclosure settlement
    the servicers had agreed to hire independent consultants to conduct foreclosure reviews for each borrower that might have been impacted by the robo-signing scandal. The independent reviews, however, proved too costly, said Bryan Hubbard, a spokesman for ...
    04/10/2013 - 2:29 am | View Link
  • Foreclosure reviews for borrowers may be in limbo
    Lenders agreed to this deal in 2011 to settle charges of "robo-signing," the process of approving loan documents ... between major banks and regulators to supplant the independent foreclosure review system. The Federal Reserve Board and the Office of ...
    01/1/2013 - 11:00 am | View Link
  • Short Sales Provided to 37% of Borrowers Under ‘Robo-signing’ Foreclosure Settlement
    Short sales were provided to more than a third of the 309,385 borrowers who have received some kind of relief under the national foreclosure-abuse settlement with the top lenders, according to the deal’s administrator. That means that more than a third ...
    11/22/2012 - 11:00 am | View Link
  • Details of Foreclosure Settlement for Florida Borrowers
    This landmark case accused the five largest mortgage servicers of routinely signing foreclosure documents without a notary public present and without personal knowledge that the facts in the documents were correct, plus widespread errors and abuses of the ...
    10/3/2012 - 2:26 am | View Link
  • Foreclosure review program befuddles borrowers
    Tens of thousands of homeowners were victims of the "robo-signing" scandal in which employees of mortgage servicing firms generated bogus documents to speed foreclosure. The Independent Foreclosure Review was launched last November by 14 major mortgage ...
    07/16/2012 - 9:06 am | View Link
  • More
BING SEARCH:
  • FRB: Press Release--Payments to 4.2 million borrowers ...
    Payments to 4.2 Million Borrowers Covered by Foreclosure Agreement to Begin April 12 WASHINGTON--Payments to 4.2 million borrowers are scheduled to ...
    04/16/2014 - 4:15 am | View Website
  • More Foreclosure Settlement Fiascoes: Rust Consulting ...
    Rust Consulting, which handled the borrower mailings during the Independent Foreclosure Review and is now acting as paying agent, continues to screw up in every way ...
    04/15/2014 - 7:25 pm | View Website
  • What Is My Tax Liability for Signing My House in Lieu of ...
    In order to avoid a foreclosure, the borrowers can willingly sign a deed granting ownership of their property to the lender. In return the lender cancels, or forgives ...
    04/15/2014 - 6:39 am | View Website
  • Foreclosure
    Foreclosure is a specific legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by ...
    04/14/2014 - 7:41 pm | View Website
  • Payments to 4.2 Million Borrowers Covered by Foreclosure ...
    Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal ...
    04/13/2014 - 11:42 am | View Website
  • More
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