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Watch the Latest Appraisal
News Headlines - loan modifications


Loan Modification Pending During Foreclosure
Virginia Lawyers Weekly
A Norfolk U.S. District Court grants plaintiffs leave to amend their suit challenging foreclosure on their home, based on their recent receipt of a letter that denied the loan modification request that was pending as defendants pursued foreclosure, in ...

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USA TODAY

Q&A: What options do I have on underwater mortgage?
USA TODAY
Option 2: Get – if her mortgage payments are too high – a loan modification with her lender. Visit U.S. Department of Housing and Urban Development's website for details about loan modifications. There is also information at Freddie Mac Principal ...


$45 Million Punitives in Wrongful Foreclosure/Automatic Stay Case
The National Law Review
The court found that the borrowers' "Kafkaesque" ordeal began when the lender represented to the borrowers (a husband and wife) that they could not get a loan modification on their mortgage without defaulting on their loan. After defaulting at the ...


Springfield News Sun

Ocwen Files Motions for Restraining Orders and Injunctions Against Illinois and Massachusetts Mortgage Regulators
GlobeNewswire (press release)
In Illinois, provided more than 36,800 loan modifications. Approximately 35 percent of these modifications included principal forgiveness totaling more than $746 million, or on average $58,300 per loan. In Massachusetts, provided more than 17,300 loan ...
Ocwen Financial Faces Boatloads of ComplaintsCourthouse News Service
Ocwen takes Massachusetts, Illinois to court to fight mortgage restrictionsHousingWire
Florida sues Ocwen alleging mishandled mortgages, illegal foreclosurespppFocus

all 20 news articles »

The Mercury News

Bay Area couple charged with illegally exporting night vision rifle scope parts
The Mercury News
Additional charges have been filed against Migdal, who is accused of submitting false statements to a federally insured bank to obtain loan modifications for his residence in Portola Valley and his rental property in Mountain View, according to the ...


Ocwen Asks Federal Court for Expedited Decision That the CFPB Is Unconstitutional and Seeks Participation of the ...
Yahoo Finance
Moreover, the CFPB contends that on “numerous” occasions or “at least one thousand” times Ocwen has wrongfully started or completed foreclosures on consumers who were in the midst of applying for or performing a loan modification. But so far as Ocwen ...


O'Brien: Lender hurt homeowners | Itemlive
Daily Item
By THOMAS GRILLO LYNN — Southern Essex Register of Deeds John O'Brien applauded the Division of Banks' decision to temporarily suspend Ocwen Loan ...

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No Loan Modification Contract from Agent Emails – Virginia Lawyers ...
Virginia Lawyers Weekly
A Charlottesville U.S. District Court grants Freddie Mac's motion to dismiss a homeowners' suit alleging plaintiffs had a valid and enforceable loan modification ...

and more »

Daily Business Review (registration)

Feds: Big mortgage servicer illegally foreclosed on homeowners
CBS News
The bureau accuses Ocwen of enaging in “significant and systemic misconduct at nearly every stage of the mortgage servicing process,” including illegally foreclosing on people who had modified their home loans. (Banks sometimes offer loan modifications ...
Florida among states suing Ocwen over mortgages, stock plummetsSouth Florida Business Journal
New Troubles for Embattled Loan Servicer OcwenDaily Business Review (registration)
Ocwen accuses CFPB of playing politics with lawsuit, vows to defend itselfHousingWire
USA TODAY -GlobeNewswire (press release) -The Nation. -Consumer Finance Protection Bureau - Consumer Financial Protection Bureau
all 137 news articles »
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