Foreclosure

An upcoming webinar presented by the Five Star Institute and the National REO Brokers Association will examine how prepared the REO industry truly is for a bump in activity, and how to brace your business for a jump in volume.

CoreLogic reports that U.S. loan performance remains resilient, with delinquencies and foreclosures lingering near record lows, and the national overall delinquency rate increasing slightly from March to April.

The CFPB has issued a pair of reports looking at the state of banking in the Southern United States and found that a lack of local access to banking options can make it harder to get competitive interest rates on mortgages, credit cards, or small business loans.

Black Knight reports that during the month of May, past-due mortgages approached recent record lows as the number of borrowers a single payment past due improved by 94,000.

The MBA reports nationwide forbearance volume has reached levels not seen since March 2020, attributed to a strong jobs market and the array of loss mitigation options introduced since that time.

Cenlar places 35-plus year veteran in role to handle all financial planning, treasury activities, taxes, insurance, real estate and property management, and vendor relationships.

Five Star’s Legal League has published a white paper detailing how the government’s Homeowner Assistance Fund has provided relief and loss mitigation options for homeowners nationwide during the pandemic.

Attorney Joseph T. McCormick details a recent Ninth Circuit opinion on when a servicer can take possession of a property under the Oregon Unlawful Trade Practices Act. 

A new report from Fitch Ratings found that delinquencies remained flat to close out Q4 2022, with successful workout strategies helping more homeowners retain their homes and avoid foreclosure.

Oregon, Washington State, and higher-priced areas of the country are absorbing a larger share of recent market declines based on data from Q1 2023, while other lower-priced areas show less impact from the recent downturn.