Foreclosure

A new white paper examines what steps property owners and policymakers can take to prevent the unwanted effects of vacant and abandoned properties.

The Federal Reserve Bank of St. Louis stated that the final remnants of the recession’s “historically elevated rates of extreme mortgage distress and defaults” are largely in the rear view mirror.

U.S. foreclosures in 2016 hit a 10-year low, but high numbers of legacy foreclosures remain in some markets.

Home price appreciation has been steady every year since prices bottomed out in 2012. While some analysts may point out that this has hurt affordability, since wage growth has largely not kept up, at least one pointed out a positive result of rising prices.

The percentage of 30-day delinquent residential mortgages has been dropping, but the rate of decline is beginning to slow, according to one analysis.

Improvements made by HSBC to its servicing operations over the last few years have led the Office of the Comptroller of the Currency to terminate the consent order against the bank originally issued in 2011.

The industry will be watching to see how much further the national foreclosure inventory rate will decline in the latest report from CoreLogic coming out this week.

Eight years has made all the difference in several single-family housing markets that were affected most by the recession. Many of these markets now rank among the healthiest, one analysis reported.

History was made for the property preservation industry when Ohio Governor John Kasich signed H.B. 463 into law for the state.

The mortgage and servicing industry may be on the steady road to recovery, but servicers themselves are under intense pressure from investors and regulators to ensure a positive consumer experience.