Evan Bedard

The number of delinquent borrowers who started U.S. home loan modifications declined in the third quarter as fewer people qualified for easier payment terms, according to the Treasury Department. Loan servicers started 470,321 modification or payment plans in the three [...]

Bank of America’s (BAC) persistent failure to modify home loans has resulted in the inevitable: a consumer class action lawsuit. Last week, Susan Fraser of Missouri filed suit on behalf of herself and all similarly situated Missouri homeowners: People who [...]

TWO and a half years ago, Robert and Amy Ahleman, a construction contractor and a financial services employee, were mired in a mortgage nightmare. After missing just one loan payment on their modest, well-kept bungalow in Bensalem, Pa., the couple [...]

The credit quality of first-lien mortgages serviced by large national banks and thrifts remained steady during the third quarter of 2010, but the pace of foreclosures increased, according to a quarterly report released by the Office of the Comptroller of [...]

The Office of the Comptroller of the Currency & Office of Thrift Supervision have released their 3rd Quarter Mortgage Performance Report, and new foreclosures increased 31% in Q3 2010 from the previous 3 months. The number of new foreclosures increased [...]

It has been another tough year for homebuilding in metro Phoenix. Based on November’s numbers, only about 7,000 new homes will be built across the region in 2010, according to the “Phoenix Housing Market Letter.” However, RL Brown, “Market Letter” [...]

RICHMOND, Va. (Legal Newsline) – Virginia Attorney General Ken Cuccinelli announced last week that he has settled with a mortgage loan modification company that allegedly charged illegal advance fees. American Neighborhood Housing Foundation allegedly charged these fees before attempting to [...]

Sometimes when I visit real estate offices, I notice that real estate agents have lots of unopened envelopes on their desks, pushed up in a corner. I recognize those envelopes because I see them all the time. They are preliminary [...]

LANSING, Mich., Dec. 27, 2010 /PRNewswire-USNewswire/ — A recently released report shows homeownership counseling networks in Michigan and nationwide are bringing significant relief to over a million families struggling to avoid foreclosure, Michigan State Housing Development Authority (MSHDA) Executive Director [...]

Fox News personality and former Gov. Mike Huckabee (R-AR) recently began appearing in television commercials calling for viewers to dial a 1-800 number to sign a repeal petition against health reform called “Repeal It Now.” The ad, a “project of [...]

It’s a common complaint of struggling homeowners that mortgage loan servicers sometimes initiate a foreclosure while they are trying to get a loan modification. Lenders defend this two-track system as a necessary way to begin the long foreclosures process in [...]

More Mercer County residents are seeing their homes threatened by foreclosure than at the height of the subprime mortgage crisis in 2008. And it’s not just a problem for subprime borrowers or housing boom speculators anymore. Foreclosure counselors and government [...]

Two Daytona Beach agencies were among 500 nationally to get part of $73 million in housing counseling grants. The counseling effort is targeted at helping people find homes or keep the homes they have, according to U.S. Housing and Urban [...]

In the midst of the holiday season, no one wanted to be here. Yet hundreds of people — homeowners, tenants, landlords — mobbed the fifth floor of Boston Housing Court on a recent Thursday, shuffling into courtrooms on what is [...]

LA HABRA – Amer Haddadin, who is responsible for the loan payment on Nadya Suleman’s La Habra home, said Sunday that he has given the octuplets’ mom until Dec. 31 to pay $450,000 or face eviction from her home. On [...]

Bank of America’s refusal to participate in foreclosure prevention programs even though it accepted $25 billion in TARP (Troubled Asset Relief Program) money has plaintiffs in St. Louis, Connecticut, claiming that the beleaguered lender broke faith with the U.S. Treasury [...]

Imagine returning from a visit to grandma over the holiday weekend to find your house padlocked and your furniture and possessions cleaned out. Then imagine your shock at finding out, after you called 911, the perpetrator was not some low-life [...]

NEW YORK (TheStreet) — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury on Wednesday released the Obama Administration’s “Housing Scorecard,” saying that foreclosure activity had declined 21% during November, for the largest [...]

Six mortgage lenders in New Jersey have been ordered by the State Supreme Court to appear on January 19th — to demonstrate why the state should not suspend their foreclosure actions. The Chief Justice of the New Jersey Supreme Court, [...]

In response to Jamie Smith Hopkins’ article in the Dec. 20 edition of The Sun, I believe your headline, “State mortgage program lags on modifying loans,” presents an inaccurate assessment of Maryland’s foreclosure prevention efforts. The Maryland Department of Housing [...]

Many people facing foreclosure have successfully made the trial mortgage modification payments required of them, but they’ve been unable to get their banks to make the modifications permanent. For example, California homeowner Martin Galvan and family made 14 monthly trial [...]

Well, Happy Holidays, your bank just broke into your home and robbed you of your precious belongings — including your beloved husband! That’s what Bank of America just did to struggling homeowner Mimi Ash, who believes she was mistakenly foreclosed [...]