Tag Archives: Financial Distress

“Financial distress can be a vicious cycle,” said Cassandra Happe, Analyst at WalletHub. “People who can’t make payments on their accounts end up damaging their credit scores, which in turn makes it more difficult for them to qualify for the best solutions to their debt.”

A six-month pause in foreclosures will extend protections to at-risk veterans until its VA Servicing Purchase program is effective and available to provide assistance to VA borrowers in financial distress.

While nationwide home prices and average costs of living continue to rise, a new case study from Black Knight highlights servicer success using self-service loss mitigation technology to connect with and engage borrowers in times of financial distress.

An estimated 21.48% of owner-occupied households in the U.S. are housing-cost-burdened. A new study from LendingTree reveals that single women homeowners are most at-risk, while married couple households are least likely to be financially distressed.

As businesses across the country are reopening and unemployment rates begin to creep back up, there is no doubt that there are still plenty of people struggling. The coronavirus pandemic has taken a massive financial toll on Americans, but some ...

During the crisis, excessive credit exposures between financial institutions resulted in the spread of financial distress and undermined financial stability. How will the Fed's new proposal solve this problem?