Lenders Moving Faster to Auction Foreclosed Homes in Massachusetts

The time it’s taking for a property to move from the first stage of the foreclosure process to auction has shrunk in Massachusetts, according to a new study released Tuesday by the Warren Group. The Boston-based research firm found that it is taking an average of about 4.6 months from when a lender files a […]

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HAMP Servicers Put Nearly 300,000 in Permanent Mods

The Treasury Department released April data for the administration’s Home Affordable Modification Program (HAMP) Monday, showing that permanent modifications have been initiated for 299,092 struggling homeowners. That’s an increase of 68,000 or almost 13 percent over March. Of the nearly 300,000 permanent loan restructurings granted, 3,744 have been cancelled. Eighty-one of those cancellations occurred because […]

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$306 Million HUD Portfolio Sold by KDX Ventures

KDX Ventures, a joint venture between Boston-based DebtX and Hillsborough, North Carolina-based KEMA Advisors, announced Wednesday that it successfully auctioned a HUD portfolio containing $306 million in nonperforming multifamily and healthcare loans. The portfolio consisted of 25 multifamily commercial real estate loans and one healthcare loan, ranging in size from $1.6 million to $44.3 million. […]

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