Foreclosure

Miami, New York, Portland and San Jose are among the cities barring evictions and suspending foreclosures from moving forward as more people are isolated to contain the spread of the novel coronavirus.

A new study notes that inlight of recent events, homeowners may refinance into lower-monthly payments, further reducing delinquency risk.

Miami and San Jose, California have temporarily stopped all evictions, while other cities, including San Francisco and New York, are considering doing the same.

In place of the face-to-face requirement, the partial waiver outlines that mortgagees must establish contact via alternate methods, such as phone interviews, email, or video conferencing technology.

These areas, after recovering from storms and wildfires, are starting to see their default rates decline drastically.

As the public comment period came to a close, the NMSA joined the MBA and Housing Policy Council to express support for FHA’s adjustments to the Claims Without Conveyance of Title program.

Join leaders from numerous government agencies and the mortgage servicing industry at the Ronald Reagan Building in Washington, D.C. for the 11th annual Five Star Government Forum.

Click through to read more on the new bill that could help thousands of low-income homeowners remain in their home.

While the overall national delinquency rate has been shrinking, small and local economies are being left behind.

Where are flippers finding the biggest returns on their rea estate owned properties? Click through to find out.