Funding for the New Jersey programs would come from a new $350 fee collected from purchasers of foreclosed properties at a sheriff’s sale.
Read More »Americans’ Credit Conditions, By State
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 ...
Read More »FHFA Releases Latest Mortgage Relief Numbers
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 ...
Read More »Florida Court Rules on Foreclosure Judgement, Deficiency With Complaint
The Chair of the Legal League 100 provides insights into a recent ruling that has implications for financial services attorneys in the Sunshine State.
Read More »Why Pending Foreclosure Wave Won’t Be Like the Last One
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. ...
Read More »FHA to Extend Foreclosure & Eviction Ban
This extends the ban until next year and covers the roughly 8.1 million homeowners with single-family mortgages insured by the FHA.
Read More »Foreclosure Trends Amid an “Artificially Low” Period
Even once trends begin to change, one expert suggests several factors "should give many distressed homeowners an opportunity.”
Read More »How Much Will Foreclosures Surge in the Months Ahead?
As Congress remains deadlocked on latest coronavirus relief package, a new study anticipates worst-, middle-, and best-case outcomes for foreclosure rates.
Read More »Second COVID-19 Relief Bill Expected by August
Will the legislation included more provisions to assist homeowners to make mortgage payments?
Read More »National Delinquency Rate Improves for First Time Since January
However, mortgages that are 90 or more days past due was at its highest level since early 2011.
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