...purpose was to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after January 21, 2020. It has been...
Read More »Search Results for: foreclosures
Illinois Senate Amends Procedural Rules Impacting Foreclosures
In May of this year, the Illinois Senate implemented changes to its procedural rules affecting foreclosures, 2023 Illinois Senate Bill No. 201. Effective immediately, 2023 Illinois Senate Bill No. 201...
Read More »HAF Assistance Protects 300,000-Plus Homeowners From Foreclosure
...provide timely assistance informed by earlier housing initiatives. Examples of states that have demonstrated particular success in deploying HAF resources to prevent foreclosures, reach particularly vulnerable communities, and keep families...
Read More »Using Mortgage Reserves to Help Narrow the Black-White Homeownership Gap
...of the Equitable Housing Finance Plans. Research suggests that such accounts mitigate foreclosures by providing emergency savings for borrowers to draw on if needed. The authors of Using Mortgage Reserves...
Read More »OCC Reports Improvement in Q1 Mortgage Performance
...servicers initiated 11,459 new foreclosures Q1 of 2023, an increase over Q4 of 2022, but a lower volume than a year earlier. The new foreclosure volume in Q1 of 2023...
Read More »GSE REO Inventory on the Rise in Q1
...at the end of Q1 of 2023. In terms of foreclosures, the number of foreclosure starts increased 6% to 19,809, while third-party and foreclosure sales rose 12% to 3,700 in...
Read More »Gearing Up for the Next REO Boom
...SFR and CDPE, Nelson successfully employs innovative property marketing and effective technology to excel with BPOs and short sales. A compassionate leader, his personal experience with foreclosures fuels his commitment...
Read More »Nearly 3% of all U.S. Mortgages Delinquent
...posted year-over-year increases in overall delinquency rates, loan performance overall remains resilient as delinquencies and foreclosures continue to hover near record lows. CoreLogic notes that delinquency and foreclosure numbers are...
Read More »Serious Delinquencies Continue to Improve in May
...30%) since May of 2022 In terms of foreclosures, Black Knight reported that foreclosure starts increased to 25,400 for the month (+2.2%), remaining near April's six-month low, and 41% below...
Read More »May’s Existing-Home Sales Post Minor Gains
...purchased 15% of homes in May, down from 17% in April and 16% the previous year. Distressed sales—foreclosures and short sales—represented 2% of sales in May, virtually unchanged from last...
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