Tag Archives: Foreclosure Timelines

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.

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.

While delaying foreclosure on a home does have some potential benefits, for the most part it is counterproductive.

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.

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.