A new white paper estimates that a projected unemployment rate of 15% could result in 3.5 million new mortgage delinquencies.
Read More »Florida Suspends Foreclosures, Evictions for 45 Days
Gov. Ron DeSantis said this move is in response to economic fallout from the coronavirus pandemic.
Read More »Coronavirus Could Halt Mortgage Payments
Click through to read what share of Americans with loans could stop paying them if the economy remains closed through the summer.
Read More »CFPB Issues Relief Resources for Homeowners
With foreclosures now in flux due to COVID-19, the Consumer Financial Protection Bureau is reminding borrowers of the relief options available for them to avoid default.
Read More »Foreclosure Starts Near All-Time Low
According to new data, despite the slight uptick, the South still leads in overall deliqnuency levels.
Read More »Wells Fargo Suspends Foreclosure Sales and Evictions
In addition, the bank will also be supporting its employees through a $10 million donation to its WE Care Fund.
Read More »Tracking Default Rates
While the composite index was unchanged across the month, did the share of mortgages that were late rise?
Read More »Industry Reacts to New York 90-Day Mortgage Relief Plan
Servicing leaders discuss Governor Cuomo's response to New York's coronavirus crisis.
Read More »New Foreclosures Rose 3.5% From Prior Quarter
A study from the Office of the Comptroller of the Currency, however, notes that the share of delinquent loans is falling on an annual basis.
Read More »HUD, FHFA Clarify Timeline for Foreclosure and Eviction Suspensions
Hours after President Trump announced a suspension of foreclosures and evictions for mortgages backed by HUD and FHFA, official statements clarified that the policy will extend at least 60 days, contrary to earlier reporting.
Read More »