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Foreclosure

Assessing the State of the Market

Is the foreclosure crisis finally over? While many numbers point to a decline in delinquencies, the market might need to brace for a slight increase by early 2020 according to a report on the state of the U.S. housing market.

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Serious Delinquencies Still Elevated in Hurricane-Impacted Markets

The effects of last year’s major natural disasters, including hurricanes and wildfires, have been evident in the housing market in recent months. Disaster-related early mortgage delinquencies have progressed into serious delinquencies in affected markets, according to CoreLogic’s Loan Performance Insights report, ...

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How Did Refis Impact the 2008 Financial Crisis?

While there is still debate about the various factors that contributed to the 2008 financial crisis and the collapse of the housing market, a new paper by the Urban Institute suggests that the poor performance of cash-out refinances, and refinances in ...

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The Fight Against Zombie Homes Finds a New Ally

The topic of zombie homes comes up often here on DS News, ranging from fast-track foreclosure legislation to rules about clearboarding and plywood bans. In February, New York Governor Andrew Cuomo announced that the state was buying up distressed mortgages ...

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The City Where Foreclosures Are Skyrocketing

This past January, PropertyShark’s annual foreclosure report revealed that New York City saw a year-over-year increase in foreclosed homes scheduled for auction of 58 percent and year-over-year foreclosure increases in every borough except Manhattan. Now PropertyShark has released their Residential ...

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How REO Sales Impact Home Prices

With markets across the country suffering from pronounced inventory shortages, it would seem that anything that puts more homes on the market would be a good thing. A new report by Pro Teck Valuation Services found delved into that thesis, ...

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House Bill Could Exclude Attorneys from FDCPA

debt

The House Financial Services Committee recently advanced a bill, H.R. 5082, that could have major implications for the default servicing industry, and most especially the law firms that work within it. The bill amends the definition of “debt collectors” under ...

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