Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.
Read More »Fannie Mae Updates Foreclosure Time Frame Exhibit
It was originally announced by Fannie Mae in a Servicing Notice nearly two years ago that new foreclosures in the District of Columbia must be commenced as judicial foreclosures.
Read More »What is the Cost of Delaying the Foreclosure Process?
While delaying foreclosure on a home does have some potential benefits, for the most part it is counterproductive.
Read More »Counsel’s Corner: Court System is Biggest Challenge in Foreclosure, Eviction Cases
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Keith Werwas, Assistant VP and Managing Attorney for Potestivo & Associates.
Read More »Housing and Mortgage Outlook: Expect Declines in 2014
Following a year of fast-paced appreciation, Fitch Ratings expects home price gains to slow to a more moderate pace in 2014 in the United States, according to its Global Housing and Mortgage Outlook released Tuesday. The ratings agency also predicts mortgage volume will decline and delinquencies and shadow inventory will decrease, albeit slowly, while liquidation timelines continue to rise.
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