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Mortgage Delinquency Data Update

foreclosure

CoreLogic has released the latest iteration of its monthly Loan Performance Insights Report for May 2022.  According to CoreLogic, the total delinquency rate fell to 2.7% of all loans, reflecting all loans that were in some stage of delinquency. This ...

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Unexplored Territory

The past 24-plus months have confronted the mortgage and servicing industries with challenges both daunting and immediate. DS News polled a cross-section of industry experts on what they’ve learned and where we go from here.

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Servicers Brace for Rise in Foreclosure Activity

Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact on foreclosure volume.

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Moving Into the Eye of the Storm

Redfin reports homebuyers are relocating to climate risky areas, despite intensifying natural disasters, as homes with high fire and flood risk sold for a premium during the pandemic.

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Adapting to an Evolving Regulatory Landscape

The recent Legal League 100 Servicer Summit in Dallas brought together the nation’s top financial services law firms under the same roof as leading mortgage servicing executives to discuss default policies, procedures, and issues with leading mortgage servicing executives.

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Q2 Zombie Properties on the Rise

With foreclosure activity on the rise 13% quarter-over-quarter, Q2 marked the third straight quarter that the count of pre-foreclosure properties has risen since the end of the nationwide foreclosure moratorium.

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