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Search Results for: foreclosure

The Growing Concern of Occupancy Fraud

...was impacted by higher delinquency rates and foreclosure activity, but was mostly offset by fewer valuation issues as home prices stabilized. The overall impact was a small increase of just...

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Putting Forbearances Under the Microscope

...loans serviced that were current (not delinquent or in foreclosure) as a percent of servicing portfolio volume (#) decreased to 95.83% (on a non-seasonally adjusted basis) in September 2023 from...

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U.S. Foreclosure Filings Up 28% in Q3

...greatest number of foreclosure starts in Q3 2023, included: New York, New York (4,514 foreclosure starts) Chicago (2,584 foreclosure starts) Houston, Texas (2,279 foreclosure starts) Los Angeles (2,273 foreclosure starts)...

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GSEs Sell Off $30B of Non-Performing Loans

...a much higher rate of foreclosure, more than double the foreclosure rate of borrower-occupied properties (75.4% foreclosure versus 28.8% for borrower occupied properties). Foreclosures on vacant homes typically improve neighborhood...

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Fannie Mae Announces Sale of Non-Performing Loans

...addition, non-performing loan buyers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan, not...

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