Evan Bedard

Although the banks have eased up a little on foreclosures, there are still plenty that will come down the pike in 2011. It is important to know the steps and options a homeowner faces. What happens after you miss a [...]

NeighborWorks America, the administrator of the National Foreclosure Mitigation Counseling (NFMC) program, says a new report has found that the odds of curing a foreclosure – and potentially avoiding losing a home – is 1.7 times larger for a homeowner [...]

FERNDALE – As Bela and Candace Pataky see it, their home has been threatened by the collapse of a housing bubble created by giant financial firms. While many of those firms got billion-dollar bailouts, the Patakys are still struggling to [...]

Mortgage loan modifications by Fannie Mae and Freddie Mac plunged during the third quarter, with ongoing activity down by more than half, says the Federal Housing Finance Agency [FHFA], the overseer of Fannie and Freddie. Only 35,400 mortgages held by [...]

There has always been a seamy underbelly to home mortgage modifications. Let’s face it, a whole crop of scam artists emerged to take advantage of desperate people. To combat this, the state of California passed a law that forbids homeowners [...]

American Banker’s Kate Berry uncovers a stunning factoid today: the nonprofit Homeownership Preservation Foundation, the official body charged with resolving disputes over HAMP modifications, was founded by ResCap and to this day is run by GMAC and other finance officials [...]

Mortgages: Struggling to pay yours? Oregon’s new payment assistance program, the Oregon Homeowner Stabilization Initiative, is now taking applications. Oregon has a new plan for combating foreclosure, the Oregon Homeownership Stabilization Initiative (OHSI). This is fantastic resource for Oregonians. No [...]

Steven and Tamara Gewecke are three years behind on their mortgage payments, but they’ve fought off foreclosure. The Minnesota couple refinanced in 2006 to start a business. It failed. Debts mounted. The Geweckes went bankrupt and failed to win a [...]

A mortgage modification company that had been illegally charging customers fees before providing emergency foreclosure help has agreed to refund customers and pay a $5,000 fine, Attorney Gen. Ken Cuccinelli (R) said. In November, Cuccinelli filed suit against the American [...]

NEW YORK/WASHINGTON, Dec 17 (Reuters) – U.S. regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization, two sources familiar with the probe [...]

As the U.S. mortgage crisis continues to affect thousands of American homeowners, the Federal Trade Commission is working to cease numerous mortgage relief service scams that prey on consumers behind in their mortgage payments or facing foreclosure. Bogus operations falsely [...]

The Washington County Library and the Washington County HRA are offering free foreclosure counseling and information workshops to anyone who wants to ask questions and get advice from trained foreclosure prevention counselors. Anyone who is behind on their mortgage, anyone [...]

Luzerne County residents caught up in mortgage foreclosure proceedings now have a chance to meet face to face with their lenders to try to negotiate a payment agreement before they may be put out of their properties. The county Court [...]

This holiday season will be a happy one in the Bellwood home that Rogelio Huerta and Maria Soto share with their two young sons. That’s because the couple on Wednesday made the first mortgage payment on a permanent loan modification [...]

(Reuters) – Goldman Sachs (GS.N) is pondering the sale of Litton Loan Servicing LP, the bank’s mortgage servicing unit that was recently caught in the home  foreclosure storm, the Financial Times said, citing people familiar with the situation. If the [...]

A 75 year old San Jose resident has reclaimed her home through a court decision against Washington Mutual and Bank of America. Corazon Palma won the court decision, because her home was illegally foreclosed. The court documents state that Palma [...]

ONTARIO, Calif., (BUSINESS WIRE) — Wells Fargo & Company /quotes/comstock/13*!wfc/quotes/nls/wfc (WFC 27.67, +0.46, +1.69%) announced today it is hosting a free workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial [...]

The Number of mortgages in the US in foreclosure may have peaked at just over 2 million, according to the National Association of Realtors. Using figures from the Mortgage Brokers Association and New York based Haver Analytics, NAR says there [...]

To muddle the foreclosure issue just a bit further, Fannie Mae and Freddie Mac told real estate agents last week to resume selling foreclosed properties. Why’s that significant? Fannie Mae and Freddie Mac — the government sponsored enterprises (GSE) that [...]

The Senate Banking Committee is holding a hearing on problems in the mortgage servicing industry and whether they pose a broader risk to the economy or amount to an isolated if nettlesome problem. The issues facing the still-struggling housing market [...]