Following the legal action, the foreclosure was halted. Halili’s legal and nonprofit team negotiated a successful loan modification that addressed both her first and second mortgages. On May 7, 2025, ...

Mortgage balances rose by $137 billion in Q3 from Q2, and by $482 billion YoY, to $13.1 trillion. Read more here.

Many homeowners misunderstand how equity works, from what it is to how much they can borrow and what that really means for ...

The loans, to be administered by the New Jersey Housing & Mortgage Finance, would be repaid by the homeowner upon sale of the property, under the new program.TRENTON Â The state will begin offering ...

Zombie mortgages - second mortgages that many homeowners thought were long gone - are putting thousands of Americans at risk of losing their homes. Chris Arnold from our investigations team and Robert ...

by Rick Jurgens, California Watch Adding new uncertainty in the state’s ongoing mortgage crisis, a Texas company is aggressively pursuing hundreds of Californians to collect second-mortgage debt – on ...

CARSON, Calif. -- A Carson, California couple is facing foreclosure because of what's known as a "zombie loan." That term refers to a second mortgage that seemed to have been forgiven or written off - ...

CHICAGO (MarketWatch) -- Historically low interest rates and job growth cut the number of mortgage foreclosures and held down a rise in delinquencies in the second quarter, but steep energy costs ...

A second mortgage unlocks home equity at a low interest rate, but it also comes with a second payment and higher qualification standards Alene Laney is a contributor to Buy Side and an expert on ...

This BLOG has written extensively on a wide variety of issues in the area of mortgage foreclosure.[1] While we have not written about RPAPL 1304 in a while, it has been the subject of numerous ...