...prior. By the numbers: Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.29% Month-over-month change: 3.67% Year-over-year change: 4.27% Total U.S. foreclosure...
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Save the Date for Complimentary Webinar: Evolution of the eNote
...process improvement and workflows. In each position, Lewis showcased expertise in loan origination, servicing, loss mitigation, foreclosure, title insurance, custodial operations, and technology delivery. In 2016, Lewis joined DocMagic as...
Read More »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...
Read More »Florida Court Hears Foreclosure Case Despite a Notice of Removal to Federal Court
The Honorable Chad K. Alvaro, a Circuit Court Judge in Osceola County, Florida, has granted U.S. Bank’s motion to proceed with its foreclosure case in the state trial court despite...
Read More »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...
Read More »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)...
Read More »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...
Read More »Overcoming Communication Hurdles in the Default Servicing Space
...insurance, and taking on homeowners associations. Since 2013, he has served Carrington Mortgage Services as a corporate representative in foreclosure and corporate lawsuits. Gordon now manages all contested foreclosures, foreclosure...
Read More »Appellate Court Allows Lender to Foreclose Over Disputed Mortgage Payments
The Sixth Appellate District of Ohio recently affirmed a summary judgment of foreclosure rendered in favor of a lender despite the borrower’s claim that she was not in default because...
Read More »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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