Foreclosure/Bankruptcy

DS News speaks with representatives of Chase Home Lending, Fannie Mae, U.S. Bank, and more about last year’s victories and how they’re facing the recessionary economic challenges of 2023.

Adel Issa of Carrington Mortgage Services explains how quality mortgage servicing is critical as the housing market shifts.

In a string of bad-luck situations, multiple atmospheric rivers and “bomb cyclones” have hit the West Coast, causing mudslides, flash flooding, and hurricane-force winds. Here’s what a new report reveals.

Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.

A recent case in Florida addressed alienation of a homestead property, which occurs when one spouse takes out a mortgage without the other spouse’s consent. An attorney from Legal League firm Diaz Anselmo & Associates examines the implications.

Nationwide legal services provider names Michael Gonzales a Member and Owner at the firm and promotes A. Drew Powers to the role of Managing Partner of the firm’s National Evictions Team.

However, November’s total of starts still trails highs seen in June 2022 and remain well below pre-pandemic levels.

Wendy Lee of Sagent explains how to properly refine talent during this tough 2022-23 mortgage cycle.

The MBA reports the performance of serviced loans nationwide remained relatively flat in November, despite the forbearance rate for Ginnie Mae loans increasing for the fourth straight month.

A panel of experts explores the state of subservicing: how to find the right subservicing partner, how the industry landscape is changing, and what critical considerations need to be top of mind.