...including loans in foreclosure): 1%, down from 1.3% in May 2022 and a high of 4.3% in August 2020 Foreclosure Inventory Rate (the share of mortgages in some stage of...
Read More »Search Results for: foreclosure
Americans Are Still Moving to Risky, Disaster-Prone Areas
...the cost of rebuilding after storms hit, and mortgages mean homeowners are ceding some risk to lenders—especially if their house goes into foreclosure after a storm. But with natural disasters...
Read More »Seriously Delinquent Loans Fall to Levels Last Reported in 2006
...2019. By the numbers: Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.12% Month-over-month change: 0.55% Year-over-year change: -2.80% Total U.S. foreclosure...
Read More »The Week Ahead: Navigating the Next REO Wave
...REO process is never completed “in-house.” Are your key partners ready for any kind of volume surge … and how do you really know? Branding and public perception: “Foreclosure” has...
Read More »GSEs Complete 16K-Plus Foreclosure Prevention Actions in April
According to the Federal Housing Finance Agency (FHFA) Foreclosure Prevention, Refinance, and Federal Property Manager's Report for April 2023, the government-sponsored enterprises (GSEs) completed 16,132 foreclosure prevention actions in April,...
Read More »Highlighting Servicer Success and the Utilization of Loss Mitigation Technology
...a foreclosure crisis to rival, or even eclipse, that of the Great Financial Crisis was largely averted. "When borrowers face periods of financial hardship, they need seamless access to qualified...
Read More »Colorado Supreme Court Weighs in on Bankruptcy & Foreclosure
...This decision also prevents the lender from being forced to pursue foreclosure to prevent the debt from becoming time-barred, most importantly in those situations in which the borrower is making...
Read More »U.S. Foreclosure Filings Exceed 185K in First Half of 2023
...foreclosure filing) Maryland (0.23% of housing units with a foreclosure filing) Delaware (0.23% of housing units with a foreclosure filing) Ohio (0.20% of housing units with a foreclosure filing) South...
Read More »Keeping Afloat
...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 »Illinois Senate Amends Procedural Rules Impacting Foreclosures
...amends the Mortgage Foreclosure Article of the Code of Civil Procedure. The measure requires a court file to be sealed upon the commencement of any foreclosure action during the COVID-19...
Read More »