...by the FHFA during the outbreak of COVID-19, as it recently announced the suspension of foreclosures and evictions for at least 60 days and offering forbearance to borrowers impacted by...
Read More »Search Results for: foreclosures
Industry Reacts to New York 90-Day Mortgage Relief Plan
...or suspending foreclosures, as well as: Waive mortgage payments based on financial hardship No negative reporting to credit bureaus Grace period for load modification No late payment fees or online...
Read More »New Foreclosures Rose 3.5% From Prior Quarter
The Office of the Comptroller of the Currency (OCC) Mortgage Metrics Report for Q4 2019 found new foreclosures rose 3.5% from the prior quarter. This number reflects a 24.6% decline...
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 the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency...
Read More »Activists Call for Halts on Foreclosures
...Francisco and New York, are considering doing the same. Activists are pushing for a national hold on evictions and foreclosures, in an effort to safeguard public health. “It's never been...
Read More »Mortgage Leaders Form COVID-19 Industry Task Force
...of historically low foreclosures. CoreLogic reported last month that the nation’s delinquency rate was 3.9% in November 2019—the lowest November reading in more than two decades. The share of delinquent...
Read More »Michigan Governor Signs Legislation to Mitigate Foreclosure Issues
A news outlet in Detroit said officials from the city and Wayne County have taken action against problems it has had with foreclosures. Michigan Gov. Gretchen Whitmer signed a bill...
Read More »The Spread of Zombie Properties
...vacant foreclosures is up 1.7%, meaning that the level of zombie properties rose while the count of foreclosures dipped. Since 2016, the number facing possible foreclosure is down 27%, while...
Read More »Fannie and Freddie Preventing Foreclosures
...now 2.05M loans in some stage of delinquency, including active foreclosures down 236K from the same time last year and the lowest year-end volume since the turn of the century....
Read More »Studying Foreclosure Numbers in New York City
...first-time foreclosures in the city. While activity was flat in Staten Island, first-time foreclosures spiked in 2017 to 428 from 2016’s 183. Staten Island recorded 136 first-time foreclosures in 2014....
Read More »