In a new report from the American Enterprise Insitute, find out how adopting an average prime offer rate (APOR) spread rule would have compared to the GSE Patch in determining mortgage default risk.
Read More »PACE Loan’s Default Challenges
According to experts, a PACE loan's first-lien status can cause issues with a lender's or investor's security interest if the borrower defaults
Read More »Survey: Default Rates Expected to Grow
Servicing professionals are expecting these loan types to see an increase in default rates, according to Altisource. Click through to find out why.
Read More »Housing’s Great Recession Recovery: Strength in the West
States including Idaho, California, Washington, and Colorado have all also posted the lowest volumes of default and foreclosure, and according to new data, home prices have followed suit in these areas.
Read More »Southern States Dominating Non-Current Loan Volumes
Repayment activity ticked upward at the end of 2019, indicating a “flattening effect on refinance activity,” a new report indicated.
Read More »Foreclosure Trends, State by State
A few states are leading the nation in REO volume, while these cities experienced significant increases in foreclosures a new report found.
Read More »The Reverse Mortgage Conundrum
The reverse mortgage process can be complicated. Here's how reverse mortgages may be a positive tool for borrowers facing default, and how it could lead to foreclosure. Editor’s note: This feature originally appeared in the January issue of DS News, out now.
Read More »Detroit Expands Efforts to Prevent Property Tax Instigated Foreclosures
The main change to the program is that it will now offer a property tax exemption to homeowners within certain income thresholds.
Read More »Presidential Candidate Elizabeth Warren Proposes Bankruptcy Plan
Senator Elizabeth Warren proposed a plan to streamline the bankruptcy process for Americans.
Read More »U.S. Court: No Lender Property Preservation Duty Following Default
The United States Court of Appeals for the Second Circuit has affirmed in a recent ruling that a lender has no duty to safeguard a property following a default. Here's why.
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