...of the industry and the foreclosure market, from how default work has changed in light of foreclosure moratoria to compliance challenges and more. Moderated by J. Anthony Van Ness, Founder,...
Read More »Search Results for: foreclosure wave
Experts Express Optimism About Delinquency Rate
...serious delinquency rate—defined as 90 days or more past due, including loans in foreclosure—was 3.7%, up from 1.2% in February 2020. Due to state and federal foreclosure moratoria still in...
Read More »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
...REOs). And with emergency federal foreclosure protections eventually set to expire, the Consumer Financial Protection Bureau (CFPB) recently proposed changes to help prevent an impending wave of foreclosures. "The government's...
Read More »Forbearances Drop for Fifth Consecutive Week
...day the Consumer Financial Protection Bureau (CFPB) proposed changes to help prevent impending foreclosure actions as emergency federal foreclosure protections are eventually set to expire. According to MBA’s estimate, approximately...
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 Instructs Servicers to Prepare for Forbearance Expirations
...current high rate of forbearance plans could prove problematic down the road. The CFPB is warning services "to take all necessary steps now to prevent a wave of avoidable foreclosures"...
Read More »Market Still at Risk of Future ‘Zombie’ Property Wave
...see the number of zombie foreclosures continue to fall,” said Rick Sharga, EVP at RealtyTrac, an ATTOM Data Solutions company. “But states with vacant properties caught in long judicial foreclosure...
Read More »FHFA Increases Actions to Prevent Home Loss
...of 19% to 602 in third-party foreclosure sales. In November, foreclosure starts descended 38% to 1,540 in November. The million-dollar questions that everyone in the industry is asking right now...
Read More »Most Valuable Company Profile: Auction.com
...platform for a pre-foreclosure is 15% higher than the highest offer received through the MLS—or, in dollars, an average of more than $28,000 higher. “By streamlining the pre-foreclosure sales process,...
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