Tag Archives: Foreclosure

Funding for the New Jersey programs would come from a new $350 fee collected from purchasers of foreclosed properties at a sheriff’s sale.

When it comes to credit, the reverberations of COVID-19 are shaking some states more vigorously than others, according to an Annual CardRatings state-by-state study. States in the best position to bear the brunt of this year’s economic uncertainty are reflected ...

The Federal Housing Finance Agency (FHFA) Thursday released its Q2 Foreclosure Prevention and Refinance Report. The report shows Fannie Mae and Freddie Mac, since the 2008 start of conservatorship, completed 252,014 foreclosure prevention actions. Overall, that brings the number of ...

The Chair of the Legal League 100 provides insights into a recent ruling that has implications for financial services attorneys in the Sunshine State.

There is little doubt that the COVID-19 pandemic will give rise to more foreclosures, but industry professionals predict conditions won’t be nearly as bad as they were in 2008-2010, for a few reasons.   A prominent housing analyst told Bankrate.com to expect hundreds of thousands of defaults next year as mortgage forbearance periods end. ...

This extends the ban until next year and covers the roughly 8.1 million homeowners with single-family mortgages insured by the FHA.

Even once trends begin to change, one expert suggests several factors "should give many distressed homeowners an opportunity.”

As Congress remains deadlocked on latest coronavirus relief package, a new study anticipates worst-, middle-, and best-case outcomes for foreclosure rates.

Will the legislation included more provisions to assist homeowners to make mortgage payments?

However, mortgages that are 90 or more days past due was at its highest level since early 2011.