The number of new foreclosures were up in October, however the amount of mortgages considered “past due” dropped by over 10%
Read More »Homeowner Engagement Vital to Forbearance Crisis
John Dunnery of Community Loan Servicing found that the servicing sector took lessons from the past and employed them to deal with the pandemic. He shares his thoughts in an exclusive chat with DS News.
Read More »Default Rate Increases for GSE-Backed Loans
The results are in and over the course of the second quarter the default risk of government-sponsored enterprise (GSE) backed loans rose by 0.28% to 1.48% for acquisitions originating in the second quarter. This data comes from the Milliman Mortgage Default Index (MMDI), which is a lifetime default rate estimate calculated at loan ...
Read More »Foreclosures Tick Up In October
ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for October which has found that there was a total of 20,587 properties with foreclosure filings against them, up 5% from September and 76% from a year ago. This increase marks the sixth consecutive ...
Read More »Federal Agencies Call on Mortgage Servicers to Ensure Borrower Protections
A new announcement from the CFPB and others stresses closer examination of mortgage servicer practices for compliance with pandemic-related homeowner mandates.
Read More »Share of Loans in Forbearance Inches Closer to 2% Mark
Improvements in the nation’s jobs numbers have increased the number of forbearance exits as estimated total of just one million homeowners remain in forbearance plans.
Read More »Industry Snapshot: Increasing Foreclosure Numbers Still Well Below Pre-Pandemic
An industry report examines the current lay of the land and why “the tsunami of foreclosures many feared in the early days of the pandemic has not materialized.”
Read More »Illinois Court Finds Rent Ordinance Violated State Law
Christopher Iaria of Diaz Anselmo & Associates takes a closer look at the far-reaching ramifications of a lawsuit involving a Chicago city ordinance.
Read More »The Week Ahead: The Evolution of Forbearance
With many 18-month forbearance terms coming to an end, a new report next week will better gauge the rate of true forbearance exits, compared to the volume of re-entries.
Read More »Forbearance Update: Declining Volumes as Agreements Expire
Boosted by a positive employment report, the number of homeowners in forbearance plans dropped yet again this week to 2.28% of U.S. households.
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