Latest News and Insights: Industry News

Foreclosures Rise Again – New Report

August 12, 2010

A report published this week by the Minnesota Home Ownership Center shows there were 13,093 foreclosures in Minnesota at the end of the second quarter, compared to 11,089 during the same period last year....

New Fact Sheets for Homeowners Facing Foreclosure

August 9, 2010

Sir Francis Bacon once said that “Knowledge is power”.  The Minnesota Home Ownership Center believes in taking that fact and putting it to work for families that are struggling with mortgage payments and/or are...

2010 Continues To Outpace 2009 (Pre-foreclosure Notices)

August 5, 2010

The Minnesota Home Ownership Center has compiled the pre-foreclosure notices received by the statewide network of Foreclosure Counselors through the end of the second quarter (June)… and 2010 continues to outpace 2009: (Click To...

Be Careful! Fraudulent Foreclosure "Help" on the Rise

July 28, 2010

The fastest-growing consumer complaint in 2009 was related to fraudulent offers to help “save” homes from foreclosure, according to a report released yesterday from the Consumer Federation of America. The Consumer Federation of America,...

Unemployed? Foreclosure Options

July 12, 2010

The Home Affordable Unemployment Program (UP) went into effect (for non-GSE mortgages) on the first of July. The UP forbearance plan allows servicers to reduce or suspend a borrower’s payment while they are receiving unemployment benefits. Servicers...

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