That’s according to Black Knight data, which also reported a national delinquency rate of 2.84% in June, with foreclosure starts increasing nearly 30% during the month.
Read More »Mortgage Delinquency Update: The Weight of Competing Economic Factors
CoreLogic, a property information and analytics company, has released the latest iteration of its Loan Performance Insights Report which found that for the month of April 20222 2.9% of all mortgages were in some stage of delinquency, defined as being ...
Read More »Boosting Borrower Responsiveness in a Time of Crisis
Breaking down communication barriers during the loss mitigation process is key for any servicer. Amy Neumann of Flagstar discusses how to establish and maintain these vital lifelines with struggling borrowers.
Read More »Mortgage Delinquencies Hit Another Historic Low
According to CoreLogic, the nation’s delinquency rate in the U.S. in January 2022 hit its lowest recorded point since at least January 1999, as found in its monthly Loan Performance Insights Report. In January of this year, 3.3% of all ...
Read More »Ocwen and the City of Milwaukee Combine to Fight Effects of Foreclosure
Ocwen Financial Corporation and the City of Milwaukee have announced an initiative to provide substantial assistance to homeowners in Milwaukee who want to keep and repair their homes, according to an announcement from Ocwen.
Read More »Judge Dismisses Class Action Racketeering Suit Against Ocwen
The homeowners claim that Ocwen charged them for unnecessary repeat inspections properties where the borrower was either delinquent or in default, and by doing so they claim Ocwen was in violation of Fannie Mae's servicing guidelines that require individual cases to be assessed to determine if the properties are in need of subsequent inspections after the first.
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