New data from the first quarter continues to roll in as the Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022 by ...
Read More »Seriously Delinquent Borrowers Struggling to Recover
According to CoreLogic, the nation’s delinquency rate in the U.S. in February 2022 hit its lowest recorded point since at least January 1999, as found in its monthly Loan Performance Insights Report. In February of this year, some 3.2% of ...
Read More »Delinquency Rate Drops to Record Low
Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for March 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight’s data, March usually sees the strongest performance of ...
Read More »Save the Proof: Mailing Pre-Foreclosure Notices
Two experts explain why it is important for a servicer or a financial services law firm to retain the proof of mailing a pre-foreclosure notice and the consequences of not doing so.
Read More »Serious Delinquencies Hit a 12-Year Low
While overall mortgage delinquencies are falling month-over-month, a new report found some surprising data on loan prepays. Click through to learn more about the numbers behind the default servicing market.
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