In order to assist struggling borrowers amid an erratic mortgage rate environment, the FHA has proposed a plan to assist borrowers through temporary reductions to monthly mortgage payments for up to five years.
Read More »Equity, Unemployment Rates Keeping Mortgage Delinquencies at Historic Lows
According to CoreLogic, the nationwide delinquency rate dropped to 1.1%, the lowest level reported in 23 years, as the unemployment rate remains near an all-time low.
Read More »One in 80 U.S. Homes Reported Vacant in Q2
ATTOM data has found that the number of vacant homes in foreclosure has risen for the fifth consecutive quarter, as zombie properties accounted for the largest share of all homes since before the pandemic.
Read More »First Look: Delinquencies Spike After Setting Record Low in March
Early-stage delinquencies (borrowers 30 days late) bore the brunt of the rise, increasing by 200K (+25%), which matches the impact of previous similar calendar-related events.
Read More »Ranking the Nation’s Areas Most Vulnerable to Natural Disasters
With exposure to hurricanes and inland floods, CoreLogic found that a location in Louisiana was the riskiest place in the U.S. for property owners due to damage from natural disasters. Click through to learn the details.
Read More »Illinois Court Allows Service of Process by Electronic Means
Attorney Stacia E. Peterson discusses a new law change regarding the issuance of a summons and service of a complaint via electronic means.
Read More »Study: Where Is Homebuying More Affordable Than Renting?
Nationwide, the typical home costs 25% more to buy than rent, according to a new report from Redfin. Click here to see which major metro areas topped the list of places where mortgage costs are lower than estimated monthly rental costs.
Read More »Sagent Extends Partnership With American Savings Bank
New seven-year deal enables Hawaii-based bank to offer real-time mortgage servicing to help power the customer experience.
Read More »Post-Forbearance Workout Performance Suffers in April
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.
Read More »Credit Usage Up YoY Across the Board
All types of credit, mortgages and credit cards included, were up in Q1 of 2023.
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