Tag:

Servicers

Latest Headlines

Latest Headlines

More banks and servicers walk away from properties

You've heard a lot about strategic defaulters, who simply default on their mortgages--whether they can pay or not--and walk away, leaving the property to their lender. It turns out that lenders and

New Jersey judge to suspend foreclosures?

New Jersey Supreme Court Chief Justice Stuart Rabner has laid down the law for the top mortgage lenders and servicers. He has given them the burden of showing "why the processing of uncontested