Owners may qualify for mortgage principal reduction (10/19/2016)
Fla. is home to 1 in 5 homeowners who are eligible for a mortgage reduction offered by the federal government – about 6,260 Fla. homeowners would qualify.
ATTOM: The foreclosure crisis is over (10/13/2016)
For the first time in a decade, the time it takes to foreclose on a home is down. Fla. remains a top foreclosure state, but it’s now No. 5 for foreclosure rates.
State agency: Free foreclosure help is available (10/12/2016)
Three years ago, Florida lawmakers earmarked $10M to provide free counseling for homeowners facing foreclosure, and Florida Housing still has $7.5M available.
CoreLogic reports 34K completed foreclosures in July 2016 (9/13/2016)
Completed foreclosures down 16.5% from a year ago; U.S. foreclosure inventory down 29.1%. Fla. still leads the nation in completed foreclosures, at 57K, in July.
CFPB issues foreclosure-prevention guidelines (8/3/2016)
The principles aren’t legally binding; instead, they create guidelines for the industry and lawmakers to follow after the federal foreclosure program (HAMP) ends.
Fla.’s foreclosure rate dropping, state now No. 4 (7/14/2016)
Fla. has long battled Nevada as the top foreclosure state in the U.S., but RealtyTrac’s latest report finds the Sunshine State down to No. 4 and Nevada at No. 5.
Foreclosed homeowners lost out in two ways (7/13/2016)
Beyond losing their home when values tanked around 2007, displaced owners now face higher rental costs while their buyers have since earned a 79% profit.
New FHA rules created to protect at-risk homeowners (7/1/2016)
HUD announced changes to its program that sells severely delinquent FHA mortgages to private investors in order to protect homeowners from “payment shock.”
CFPB: Mortgage servicer tech failures violate rules (6/27/2016)
The nation’s consumer bureau says some mortgage service firms need better technology – that current programs have harmed homeowners and violated CFPB rules.
MBA: 1Q foreclosure starts lowest in 16 years (5/16/2016)
The number of all foreclosures in the pipeline also hit a low level (1.74%), declining three basis points quarter-to-quarter.
Few homes qualify for mortgage reduction offer (5/5/2016)
RealtyTrac: Only 1 out of 150 seriously delinquent Fla. homeowners (.67%) qualify under the fed’s latest rules to help at-risk owners by reducing their mortgage principal. Nationwide, it’s 1 in 200 (.5%).