Foreclosure

Attorney Stacia E. Peterson discusses a new law change regarding the issuance of a summons and service of a complaint via electronic means.

The MBA reports that approximately 255,000 homeowners remained in forbearance plans through April, as mortgage servicers have provided forbearance options to nearly 7.8 million Americans since April 2020.

“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979 and was the second lowest quarterly rate overall, just 11 basis points above the survey low in the third quarter of 2022,” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.

ATTOM's 2023 U.S. Foreclosure Market Report revealed that foreclosure starts are down 7% from April, while completed foreclosures also decreased nearly 40%. According to the report, one in every 4,234 housing units nationwide had a foreclosure filing last month.

The two-day summit featured a servicer certification class, followed by a day of panels from experts and highly placed people on a variety of bankruptcy- and default-related topics related to bankruptcy and other areas related to attorneys.

Mortgage servicing fintech provider adds 120-plus members to its workforce by launching its non-U.S. headquarters in Chennai, India, following agreement with Mr. Cooper.

JT Grubbs, EVP of Loan Servicing at Selene, sat down with MortgagePoint to share how the company puts their customer first and how to gain customers for the life of the loan.

Attorney Rich Haber of McCalla Raymer Leibert Pierce discusses the impact of New York’s Foreclosure Abuse Prevention Act on the industry.

"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their properties,” said Rob Barber, CEO for ATTOM Data.

Attorneys T. Robert Finlay and Jonathan D. Fink explore a recent court ruling where a lender’s settlement agreement with its defaulting borrowers violated California’s usury laws by including a provision for interest at a higher rate than that allowed by state law.