Foreclosure

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.

Analysis finds that nearly half of borrowers still in forbearance are now in an extension of their original term.

The reported rate of 0.12% represents just one in every 824 housing units. However, certain markets continue to see foreclosures rising.

Data shows that just 0.12%—one of every 824 properties—filed for foreclosure during the first half of the year.

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The FHFA announced that the 30-59 day and serious delinquency rate saw increases.

More properties became newly delinquent in April than in any single month during the Great Recession