Foreclosure/Bankruptcy

ServiceMac President & CEO Bob Caruso shares his perspectives on the impact of technology on the servicing industry, and what lies ahead for the servicing sector in 2023.

The proposal of a registry of company and court order information will assist the Bureau in identifying and mitigating risks to American households, according to the CFPB.

Foreclosure activity, up 98% year-over-year in November, “declined from last month, and lenders often put a moratorium on foreclosures during the holiday season,” according to ATTOM’s EVP of Market Intelligence, Rick Sharga.

More recent purchases are now underwater due to fluctuating market conditions. Click through to find out what Black Knight’s newest report reveals.

A new study examines the nation’s regions that were most vulnerable to market declines in the third quarter of 2022, based on home affordability and foreclosures.

Nationwide, the overall delinquency rate dropped for the 18th consecutive month on an annual basis, as CoreLogic reports that approximately 1.4 million loans nationwide were in some stage of delinquency.

DS News speaks to property preservation experts about how they’re navigating economic challenges, a shifting industry landscape, and an exodus of vendor partners as they attempt to maintain strong boots-on-the-ground service.

Most courts inherently do not like default interest because they see it as an improper “penalty.” Attorney T. Robert Finlay examines what the First District of the California Court of Appeals recently found in a recent case.

Black Knight’s first look at month-end data for October 2022 found prepayment activity reaching a new low.

Prepare for these three distressed disposition trends as the housing market downshifts and we enter 2023.