The paying agent, Rust Consulting, Inc. will mail payments to eligible borrowers of Federal Reserve supervised servicers who cashed or deposited their initial checks from the Independent Foreclosure Review Payment Agreement.
Read More »Foreclosure Prevention Activities Drop Further in May
The number of foreclosure prevention activities completed by Fannie Mae and Freddie Mac has continued to decrease as the number of nationwide foreclosures continues its decline since reaching peak levels in 2009 and 2010.
Read More »Foreclosures Drop Sharply from Last Year
National foreclosure completions in June were up 5 percent from May, but compared to a year ago, the number of foreclosures is definitively down.
Read More »Housing Bust Foreclosures Drove Up SFR for Metro Areas
Metro areas that experienced more foreclosures during the housing bust have seen a larger increase in the share of single-family homes that are rented.
Read More »Foreclosures: A Global Perspective
For those in the mortgage and servicing industry, the foreclosure process, though different in every state can be simplified into a process that is familiar to all. But when discussing foreclosures in other countries, how are those processes similar to that of the U.S.?
Read More »New Post-HAMP Relief Solutions Proposed
CFPB has proposed a set of consumer protection principles to guide mortgage servicers, investors, government housing agencies, and policymakers as they develop new foreclosure relief solutions.
Read More »Housing Market Analysis Pulls East Coast In
For core-based statistical areas, the west coast usually holds the top 10 spots in the Pro Teck Home Value Forecast, but this month the Durham-Chapel Hill, NC CBSA has been added.
Read More »What Effects Do Low Rates Have on Mortgage Holders?
The recent Black Knight Mortgage Monitor analyzes the effect that new multi-year lows in rates are having on the population of 30-year mortgage holders who could both likely qualify for and benefit from refinancing.
Read More »Serious Delinquencies Continue to Seriously Decline
Serious delinquencies and foreclosures continue to decrease as the housing market returns to pre-crisis levels, but these numbers still remain high relative to the early 2000s.
Read More »First-Time Foreclosure Starts Lunge to Lowest Levels
Despite June’s increase, first-time foreclosure starts in Q2 of 2016 were at their lowest level in over 16 years and the monthly prepay rate rose on historically low rates.
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