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Tag Archives: Foreclosure

William P. Leaman and Charles Rust have joined the ranks of LSR’s veteran team of lawyers ; whose combined professional experience spans over 400 years.

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An Ounce of Prevention

FHFA released its May Foreclosure Prevention report, spotlighting data detailing its efforts to help stave off foreclosure. Did they amount to a pound of cure … or is the scale tipping in the wrong direction?

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Industry Report Aims to Tackle Abandoned Property Problem

The National Mortgage Servicing Association is calling for federal agencies to work together in conjunction with the mortgage servicing community to standardize the treatment of vacant and abandoned properties, a known cause of community blight and haven for crime. The organization submitted a report to the leadership of HUD, CFPB, the U.S. Department of the Treasury, OCC, Fannie Mae, and Freddie Mac outlining the problem, proposing solutions, and identifying the benefit of each recommendation for the consumer.

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Home Prices Surge . . . but Why?

Home prices spiked again, according to the May 2017 Existing Home Sales Index. Total unsold inventory saw a slight uptick compared to April 2017, but is still relatively low, and median home prices are continuing to rise. Seasonally adjusted, there were 5.62 million existing homes for sale, a small increase from April 2017, but how long will this trend sustain itself?

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