Hartford’s well-known “Stilts Building” is facing foreclosure from lender Wells Fargo.
Despite a one-month gap between the end of the foreclosure moratorium and the start of new regulations to protect homeowners, mortgage servicers will not be able to begin foreclosure proceedings this year for most borrowers with loans backed by Fannie Mae or Freddie Mac, the Federal Housing Finance Agency said in a statement Tuesday.
The Consumer Financial Protection Bureau has finalized temporary rules that will delay most foreclosures until next year, though the agency did create some exceptions that will allow mortgage servicers to begin the foreclosure process this year.
The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer.
“There is a tidal wave of distressed homeowners who will need help in the coming months,” said Dave Uejio, acting director of the Consumer Financial Protection Bureau.
The average Connecticut homeowner gained $22,000 in equity in the third quarter on a year-over-year basis, CoreLogic reported, nearly double the national average.
The number of homeowners seeking mortgage forbearance fell for at least eight straight weeks this summer. But that decline masks a couple of other important trends.
No one knows exactly how many borrowers will find themselves in deep trouble when their government-mandated forbearance plans end Aug. 31.
The Connecticut Housing Finance Authority has received federal funding to counsel Connecticut homeowners facing possible foreclosure and educate first-time homebuyers.
Foreclosure starts nationwide were at an 18-year low in August, another sign of the housing market’s recovery and a generally healthy economy.
A key committee in the General Assembly has backed a plan to extend foreclosure mediation for homeowners whose foundations are crumbling due to substandard construction materials.
Freddie Mac will suspend eviction lock-outs nationwide on the occupied homes it owns between Dec. 17, 2018, and Jan. 2, 2019.
A Maryland man has pleaded guilty in federal court to his role in a scheme to bilk Connecticut homeowners facing foreclosure out of thousands of dollars by falsely promising to buy their homes and pay off their mortgages.
The nationwide foreclosure inventory declined by 30 percent in December 2016 and completed foreclosures declined by 40 percent, compared to December 2015, according to a report released today by CoreLogic, a global property information and analytics firm.
Rep. Keith Ellison (D-MN) this week introduced legislation to permanently extend the Protecting Tenants at Foreclosure Act, drawing praise from The National Housing Law Project, the National Law Center on Homelessness and Poverty and the National Low Income Housing Coalition.
Nationwide foreclosure inventory declined by 31.1 percent and completed foreclosures declined by 7 percent compared with September 2015, according to a report released today by CoreLogic, a global property information, analytics and data solutions provider.
Foreclosure inventory declined 29.1 percent and completed foreclosures declined 16.5 percent compared with July 2015, according to a report released today from CoreLogic, a global property information provider. The number of completed foreclosures nationwide was also down 6.8 percent year over year from 41,000 in July 2015 to 34,000 in July 2016.