...state and federal court litigation, evictions, and non-judicial foreclosures in California and Nevada. Prior to joining the firm, Gonzales started his career in-house at a major servicer before entering private...
Read More »Search Results for: foreclosures
OCC: Overall Mortgage Performance Improves in Q3
...and 3.1% year-over-year. Nationwide, mortgage servicers initiated 9,835 new foreclosures in Q3 of 2022, a decrease from the prior quarter, but a higher volume than a year earlier. The new...
Read More »GSEs Issue Report on Non-Performing Loans
...NPLs that were not sold, foreclosures avoided for sold NPLs were higher than the benchmark. NPLs on homes occupied by borrowers had the highest rate of foreclosure avoidance outcomes (41.1%...
Read More »Inventory of Unsold Existing Homes Retreats for Fourth Consecutive Month
...who make up many cash sales, purchased 14% of homes in November, down from 16% in October and 15% in November 2021. Distressed sales5 – foreclosures and short sales –...
Read More »FHFA Publishes Q3 Foreclosure Prevention and Refinance Report
...0.83% at the end of Q3 of 2022. The delinquency rates remained slightly higher than pre-coronavirus rates due to the forbearance programs offered to borrowers affected by the pandemic. Foreclosures:...
Read More »WF to Pay $3.7B in Fines and Restitution
...of mortgage loan modifications, which in some cases led to Wells Fargo customers losing their homes to wrongful foreclosures. The bank was aware of the problem for years before it...
Read More »Uncovering Diamonds in the Rough
...modifications, and judicial vs. non-judicial foreclosures. This is granular work that involves consumers, banks, lenders, servicers investors, regulators, lawyers, title companies, appraisers, and—of course—a whole ecosystem of fintech software solutions....
Read More »Mortgage Subservicing: Finding the Right Fit
...over how the likely impending recession will impact delinquencies, foreclosures, and other servicing-facing issues, here’s what Five Star’s panel of experts had to say. All of the panelists said they...
Read More »Foreclosures Have Likely Peaked for 2022
...a moratorium on foreclosures during the holiday season," he explained. By state, Illinois, Delaware, and New Jersey reported the highest overall foreclosure activity in November. By city, Cleveland, Ohio; Chicago;...
Read More »Analyzing Q3’s Most At-Risk Housing Markets
ATTOM has issued a Special Housing Risk Report spotlighting county-level housing markets around the nation that are more or less vulnerable to declines, based on home affordability, foreclosures, and other...
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