Foreclosure

In this episode of DS5: Inside the Industry, Raman Muralidharan, Head of Mortgage for HSBC discusses how servicers can assist homeowners leaving forbearance plans.

Illinois’ housing market was one of the weakest in the nation prior to 2020, and employment issues have heightened market uncertainty.

These are the lessons that clearly jump out when reviewing foreclosure and home price data in the aftermath of the Great Recession of 2008 as well as more recent, regional market trauma caused by natural disasters.

Daren Blomquist, Auction.com's VP of Market Economics, said while forbearance has given homeowners a chance to "get back on their feet," foreclosure volumes are expected to rise.

With low-income homeowners being disproportionately impacted by the pandemic, how are federal programs helping these homeowners avoid foreclosure?

Additionally, mortgages more than 90 days past due remained at the lowest level since June 2000. Click through for more information.

Click through to read more on what the long-term effects of the coronavirus could be for the housing and mortgage industries.

Here's how the structure of the mortgage assistance program in the CARES Act can increase the proportion of nonperforming loans and cause mortgage servicers to bear the cost.

In addition, the state of Florida is preparing how to respond to any future storms while taking the coronavirus pandemic into account.

A report says the state will establish a program to assist borrowers who have been impacted by COVID-19.