For the 16th consecutive month, mortgage delinquencies slid month-over-month in July, however continued inflationary concerns by homeowners is proving increasingly difficult for them to make their monthly mortgage payment.
Read More »A Guiding Light for Borrowers in Forbearance
John Vella, Chief Revenue Officer of Selene Finance LP, sits down with DS News to discuss the state of the servicing sector, as well as lessons learned from listening and working with borrowers on the path to a successful resolution of their forbearance plans.
Read More »Snapshot: How GSE Programs Have Helped Homeowners Since 2008
The FHFA’s latest 2022 Foreclosure Prevention and Refinance Report breaks down Agency data ranging from foreclosures and REOs to forbearance and mortgage performance.
Read More »Delinquencies Still Well Below Pre-Pandemic Levels—When Will That Change?
Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for August 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight, the national delinquency rate fell to 2.79% ...
Read More »Mortgage Delinquencies Drop to 23-Year Low
CoreLogic has released its monthly Loan Performance Insights Report for June 2022, showing that 2.9% of all mortgages in the U.S. were in some stage of delinquency, —30 days or more past due, including those in foreclosure— representing a 1.5 ...
Read More »Are Delinquency Numbers Stabilizing?
According to the Philadelphia Federal Reserve Bank, delinquencies and forbearance markets may have begun to flatten out as forbearances have posted about a half-million in mortgages, delinquencies posted numbers of around 2 million, and foreclosure starts hovering around 30,000 per ...
Read More »Cenlar Appoints Four to Its Default Management Team
Mortgage loan subservicer adds veterans Adam Saab, Adam Wood, Jason Schmidt, and Jessica Sharp to bolster its default management operations.
Read More »Milliman: Expected Slowdown Driving Uptick in Mortgage Risk
According to Milliman’s latest Mortgage Default Index (MMDI) covering the first quarter of 2022, mortgage originations continued a decline recorded over the last three quarters due to increased interest rates and a decline in originations and refinances. The index value ...
Read More »Case Spotlights Potential Exploitation of Bankruptcy Process
A recent decision by a Kentucky Bankruptcy Court dismissed a debtor’s Chapter 13 case after several attempts to take advantage of the bankruptcy process.
Read More »U.S. Foreclosure Starts Up More Than 440% Year-Over-Year
That’s according to Black Knight data, which also reported a national delinquency rate of 2.84% in June, with foreclosure starts increasing nearly 30% during the month.
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