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:
  • Indictment Charges Six in Multi-Million-Dollar Mortgage Fraud Scheme - United States Department of Justice
    6 charged in $3.8M mortgage-fraud scheme - Philly.com
    10/1/2014 - 7:05 am | View Link
  • REO Brokers Should Diversify Services, but - Origination News
    ... with programs such as HAMP, HAFA, foreclosure moratoria due to robo-signing, and other key ... emphasis being placed on low-income borrowers, ...
    09/30/2014 - 4:26 am | View Link
  • Flagstar Bank to pay $37.5 mln over servicing violations -CFPB - Yahoo! Finance
    Bank's failures led to 2,000 foreclosures - CNN Money
    09/29/2014 - 2:22 pm | View Link
  • Big Banks Don't Want You To Find Out What People Really Think Of ... - Huffington Post
    ... as failing to communicate with borrowers whose homes were in imminent danger of foreclosure. ... Encore for allegedly "robo-signing" affidavits ...
    09/29/2014 - 2:11 pm | View Link
  • Glitches, complaints plague Ocwen, other mortgage servicers - KansasCity.com
    The foreclosure fiasco - years of mishandled paperwork, robo-signing of house-seizure ... lengths to help troubled borrowers avert foreclosure.
    09/29/2014 - 8:36 am | View Link
  • More
BING NEWS:
  • 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 ... billion deal between major banks and regulators to supplant the independent foreclosure review system. The Federal Reserve Board and the Office ...
    01/1/2013 - 7:00 pm | 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 - 2:27 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
  • Foreclosure Review Is Free, But Few Borrowers Apply
    Source: Office of the Comptroller of the Currency, www.independentforclosurereview.com The push for a review process was set in motion by the "robo-signing" scandal. In 2010, several banks admitted mishandling some foreclosure documents. Some borrowers may ...
    05/9/2012 - 10:54 am | View Link
  • More
BING SEARCH:
  • 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 ...
    10/1/2014 - 9:27 pm | View Website
  • Independent Foreclosure Review: 1,135 Borrowers to Receive ...
    Independent Foreclosure Review: 1,135 Borrowers to Receive Max $125,000 Payment in Fraudclosure Settlement
    10/1/2014 - 2:53 pm | View Website
  • Foreclosure Defense: The Movement Grows — Borrowers Come ...
    Most home foreclosures being processed in New Jersey are illegal, a growing group of attorneys contends, because lending institutions cannot prove ...
    10/1/2014 - 10:00 am | View Website
  • FHA Acts to Help Defaulted Subprime Mortgage Borrowers ...
    The Federal Housing Administration (FHA) has announced new lending policies designed to help up to 240,000 holders of subprime home loans avoid foreclosure.
    10/1/2014 - 1:46 am | View Website
  • Foreclosure
    Foreclosure is a 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 forcing ...
    09/30/2014 - 3:16 pm | View Website
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