Foreclosure

The Agency provided new guidance for its Borrower Protection Program, announcing an extension for the purchase of qualified loans in forbearance

With the economy still reeling, how are delinquency and forbearance rates changing? Click through for the latest data.

For this week's episode of DS5, Marissa Yaker, Managing Foreclosure Attorney for Padgett Law Group, discusses how foreclosure practices are preparing for the months ahead, as well as how the industry can work together to ensure compliance and efficiency.

Join DS News next week for a high-level exploration of the CWCOT program changes enabled by the recent HUD mortgagee letter.

Two New York lawmakers worked together to pass a new law aimed at helping municipalities avoid neighborhood blight due to abandoned properties.

The New York legislature has passed a bill that will require lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of impending foreclosure actions against homeowners with reverse mortgages.

A new report says some within the industry are calling for FHFA to shield them from losses they will incur due to mortgage forbearances amid the pandemic.

Commentary on this report says accommodations by the industry helped “thwart a material breakdown” in delinquency performance.

However, mortgages that are 90 or more days past due was at its highest level since early 2011.

Can servicers be reimbursed for property preservation expenses incurred after the FHA conveyance timeframe? This story originally appeared in the July edition of DS News.