...Data Solutions, released Thursday. Foreclosure starts, foreclosure timelines, and bank repossessions all declined in the first quarter of the year, according to the report. Foreclosure activity was down 3% over...
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GSEs Report 4.42M Preventive Actions Since Conservatorship
The Federal Housing Financing Agency (FHFA) released its Foreclosure Prevention Refinance and FPM Report covering January 2020 and found that the GSEs posted 9,108 foreclosure preventions for the month. The...
Read More »Delinquencies Could ‘Jump Significantly’ with Rising Unemployment
...and the lowest level recorded since April 2000. The percentage of loans in foreclosure was 0.4% in January, matching the rate from a year ago. Early-stage delinquencies—those between 30 and...
Read More »3.5 Million New Mortgage Delinquencies Possible
...said. For comparison, of the more than 140,000 seriously-delinquent mortgages caused by the 2017 hurricane season, just 1% of homes were lost to foreclosure or short sale two years after...
Read More »Unemployment Could Lead to Mortgage Forbearance Surge
...homes were lost to foreclosure or short sale two years after the storms, compared to 15% of seriously delinquent mortgages in non-hurricane-affected areas. "Although, should financial disruptions become more long-term,...
Read More »St. Louis Fed Economist on Recession Threat, Housing
...predatory. That led to more wealth declines as default rates and foreclosure rates were higher for racial and ethnic minorities. We at the Fed and other agencies have worked hard...
Read More »Federal Agencies Issue Statement on Loan Modifications
...prudent efforts to modify terms on existing loans for affected customers. For borrowers who may be facing foreclosure, the CFPB has released several resources to help consumers take steps to...
Read More »House Financial Services Committee Preparing Foreclosure Halt
...all evictions and foreclosures, and a pause on any negative credit reporting. The memo from committee staffers to Democratic committee members represents the early stages of discussions for another relief...
Read More »Florida Suspends Foreclosures, Evictions for 45 Days
Gov. Ron DeSantis has suspended all foreclosures and evictions in Florida for 45 days in response to the economic fallout from the coronavirus pandemic, Pensacola News Journal reports. DeSantis announced...
Read More »The Price of Keeping People in Their Homes
...Agencies such as the Federal Housing Administration, Fannie Mae, Freddie Mac, the U.S. Department of Veterans Affairs, and the Department of Agriculture have announced foreclosure and evictions moratoriums due to...
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