An alarming number of homeowners and renters are worried they will soon face foreclosure or eviction as key dates loom.
Read More »Servicers and Regulators Map Out Post-Moratoria Framework
A recent Legal League 100 Spring Servicer Summit examined the journey servicers and regulators will be embarking on when the foreclosure moratoria are lifted.
Read More »Activist Legal Names Chris Pummill President of Operations
Non-traditional law firm specializing in mortgage defaults welcomes new head of operations with 30-plus years of experience.
Read More »The Week Ahead: Servicers Brace for the Future
The mortgage servicing industry’s top thought leaders converge with government reps for a Legal League 100 virtual gathering tackling the hot-button issues impacting the marketplace.
Read More »CFPB Delays Mandatory Compliance of QM Rule
Governmental actions will provide lender and borrower flexibility as the industry tackles challenging economic times.
Read More »Number of GSE Loans in Forbearance Plans Dips Lower
With the number of loans in forbearance trending downward, the FHFA has reported 71,000-plus foreclosure prevention actions in January.
Read More »Despite Federal Actions, Q1 Foreclosures Rise
An analysis of Q1 foreclosures by ATTOM Data Solutions has found that there were a total of 33,699 U.S. properties with foreclosure filings—default notices, scheduled auctions, or bank repossessions—during the first quarter of 2021, up 9% from the previous quarter, ...
Read More »Delinquencies at Lowest Levels Since Pandemic Start
The national delinquency rate continues to slide, as the U.S. economic picture continues to improve across the board.
Read More »Forbearances Drop for Fifth Consecutive Week
With approximately 2.5 million Americans currently in forbearance plans, a new report notes that the total loans in forbearance dropped to 4.9% of total volume, marking a five-week decline.
Read More »CFPB Proposes Plan to Avoid Foreclosure Surge
The CFPB is suggesting a number of ways for the nation’s servicers to deal with a potential windfall of foreclosures as nearly 2.5 million homeowners prepare to exit forbearance plans.
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