...protect homeowners by ensuring they have an opportunity to finalize affordable loan modifications with their lender and prevent unnecessary foreclosures. With the emergency federal foreclosure moratorium set to end on...
Read More »Search Results for: foreclosure
Home Sales Approach Pre-Pandemic Levels
...foreclosures and short sales in May were minuscule, with distressed sales garnering a less than 1% share of home sales. That is unchanged from the previous month, and it is...
Read More »Housing Study Highlights Pandemic’s Disparate Impacts
...face foreclosure or eviction. Programs that helped the latter, such as forbearance plans, will eventually expire. JCHS's study backs this up. Households on the brink of foreclosure or eviction not...
Read More »Servicers Prepare for Forbearance Exits
...for Xome and Ramie Word, SVP of Default Servicing for Mr. Cooper covered education, assistance, and expedited options for the disposition or sale of properties prior to foreclosure, and covered...
Read More »Putting Foreclosure Trends in Perspective
ATTOM’s May 2021 U.S. Foreclosure Market Report has found there were a total of 10,821 U.S. properties with foreclosure filings—encompassing default notices, scheduled auctions or bank repossessions—down 8% from a...
Read More »The Week Ahead: Taking Aim at Community Redevelopment
...Face Risk of Eviction or Foreclosure” (Wednesday) MBA Weekly Applications Survey (Wednesday) House Subcommittee on Housing, Community Development and Insurance: Virtual Hearing-Flexible Federal Funding: Examining the Community Development Block Grant...
Read More »Number of Underwater Homes Took a Dip in Q1
...mortgages, borrowers who are currently delinquent on their mortgage payments can tap into their equity and sell their home rather than lose it through foreclosure. These conditions are reflected in...
Read More »Mortgage Industry and Government Collaborate on Solutions
...want to do is foreclose on someone, except in extreme circumstance where someone has abandoned the property,” said Bartlett. “The last thing an originator or servicer should do is foreclosure...
Read More »Exploring Alternatives to Foreclosure
...mitigation pipelines that coincides with high foreclosure rates can be extremely disruptive to the industry. TAKING CONTROL OF THE SITUATION Without a doubt, foreclosure should be avoided at all costs—it’s...
Read More »Delinquencies Hit Lowest Rate Since Start of Pandemic
...to state and federal foreclosure moratoria still in place, the foreclosure inventory rate remains low at 0.3%, down from 0.4% in March 2020. The Consumer Financial Protection Bureau (CFPB) recently...
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