Since entering conservatorship in 2008, Fannie Mae and Freddie Mac to date have assisted nearly 6.5 million homeowners with foreclosure prevention actions. Here’s what the GSEs’ latest data reveals.
Read More »Q1 Mortgage Performance Makes Strides
New data from the first quarter continues to roll in as the Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022 by ...
Read More »FHA Commissioner Works Towards Affordable Housing Amid Extraordinary Conditions
In a new interview, Julia Gordon, the FHA’s newest commissioner, discusses the task of getting people into affordable housing and keeping them there, suggesting changes to FHA-backed auction sales and asking lenders for help to avoid foreclosure in times of trouble.
Read More »U.S. Records 19k Foreclosure Starts in May
Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for May 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight, the national delinquency rate fell to 2.75% ...
Read More »Boosting Borrower Responsiveness in a Time of Crisis
Breaking down communication barriers during the loss mitigation process is key for any servicer. Amy Neumann of Flagstar discusses how to establish and maintain these vital lifelines with struggling borrowers.
Read More »FHA Amends CWCOT Post-Foreclosure Sales Rule
Under terms of newly issued Mortgagee Letter, the nation’s supply of affordable housing will be expanded, increasing homeownership opportunities for low- and moderate-income homebuyers.
Read More »Nearly Half of All Delinquent Mortgages on Loss Mit Plans
According to the new data released by the Federal Reserve Bank of Philadelphia, it’s predicted that roughly 2.15 million mortgages are either in forbearance or past due, with an estimated 630,000 of those mortgages still in forbearance as of April ...
Read More »Delinquency Rate Drops to Record Low
Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for March 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight’s data, March usually sees the strongest performance of ...
Read More »How Remote Bidding Technology Empowers Local Community Developers
Daren Blomquist of Auction.com explains how smaller-volume local buyers can better compete with institutional investors, whose capital and resources have historically given them the upper hand at in-person foreclosure auctions.
Read More »After the Pause
As COVID-19 foreclosure and eviction stays lapse in New York, Mikelle V. Bliss and Margaret J. Cascino of McGlinchey Stafford explain what servicers and landlords operating in the Empire State need to know.
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