...the onset of the pandemic, nearly five times pre-pandemic levels." Still, foreclosures remain at record lows because the nation and local municipalities alike have implemented and continually extended foreclosure bans...
Read More »Search Results for: foreclosures
Servicers Keep Ahead of Potential Foreclosure Wave
The recent DS News Webinar, “Forbearance Agreements: One Year Later-What Now?” took a closer look at the impact on the servicing industry when government-mandated regulations on foreclosures are finally lifted....
Read More »Despite Federal Actions, Q1 Foreclosures Rise
An analysis of Q1 foreclosures by ATTOM Data Solutions has found that there were a total of 33,699 U.S. properties with foreclosure filings—default notices, scheduled auctions, or bank repossessions—during the...
Read More »Florida Circuit Courts Ordered to Move Pending Foreclosure Cases
...for case management in certain civil cases, including foreclosures. The new section is entitled Case Management and Resolution. This new amendment requires the Chief Judges of each Florida Circuit Court...
Read More »HARP Revamp Seen as Default Prevention Solution
...mortgage servicers nationwide are bracing for what may be a historic flood of foreclosures. The Consumer Financial Protection Bureau (CFPB) recently proposed changes intended to help prevent impending foreclosure actions...
Read More »Reaction to CFPB’s Proposed Foreclosure-Avoidance Actions
...find solutions that prevent avoidable foreclosures." While the move has received support from various organizations and companies, there also are servicers out there who believe that delaying foreclosures another nine...
Read More »New Bankruptcies Hit 1-Year High in March
...filing, about 65 percent of lenders still lost money, and the average loss amounted to 28% of what was owed to the mortgage lender." Of course, today's foreclosures process is...
Read More »Forbearances Drop for Fifth Consecutive Week
...their servicer.” In order to get ahead of a potential wave of foreclosures when government extensions expire, the CFPB took actions today and proposed additional guidance for servicers as deadlines...
Read More »Prepping for Regulatory Climate Change
...now available in two three-month increments through June 30 Foreclosure moratorium extended through June 30 New forbearance requests allowed through June 30 After previously extending the ban on foreclosures for...
Read More »CFPB Proposes Plan to Avoid Foreclosure Surge
...2.5 million homeowners currently in forbearance plans according to the Mortgage Bankers Association (MBA), and in order to prevent a windfall of foreclosures that may overwhelm servicers, the CFPB’s has...
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