The Legal League held its Fall Servicer Summit in conjunction with the 20th anniversary of the Five Star Conference in Dallas, spotlighting the latest regulatory developments, lawsuits, and emerging trends within the housing and mortgage space.
Read More »Rising Foreclosure Starts: Navigating The Challenges And Leveraging Innovative Solutions
While the need for more staff increases during a rise in foreclosure starts, during quieter times, it becomes economically unviable to maintain a large staff. Travis Britsch discusses how unpredictable variability poses a daunting challenge for trustees and attorneys.
Read More »More Than 30 U.S. Metros Post Increase in YoY Delinquency Rates
While overall U.S. mortgage performance remained strong in June, Molly Boesel, Principal Economist for CoreLogic, notes that the impact from recent weather disasters will likely see impacted regions increase in the months to come.
Read More »Zombie Foreclosures Began ‘Ticking Up’ in Q3
ATTOM Data has released its new Q3 market trends report, highlighting which regions had the most zombie home activity, and which areas remain most at risk “if the overall housing market turns back downward.”
Read More »GSEs Execute 16K-Plus Foreclosure Prevention Actions in May
As the nation continues to struggle with inflation and high mortgage rates, Fannie Mae and Freddie Mac completed more than 5,100 permanent loan modifications in May, according to the latest FHFA Foreclosure Prevention and Refinance Report.
Read More »Foreclosure Filings Up 5% Year-Over-Year in July
ATTOM reports that nationwide, one in every 4,380 housing units reported a foreclosure filing in July 2023, with Maryland leading the pack with one in every 2,071 housing units reporting a foreclosure filing.
Read More »Florida Court Reverses Foreclosure Judgment
Attorney Adam Diaz details a recent decision in the Sunshine State to reverse a final judgment of foreclosure entered in favor of a lender, finding that the foreclosure was barred by the five-year statute of limitations.
Read More »These States Topped Overall Mortgage Delinquency Rates as National Rate Declines
After the addition of nearly four million jobs nationwide in the last year, CoreLogic reports that a solid job market continues to help borrowers pay their mortgages on time, pushing the overall mortgage delinquency rate to a historic low in May.
Read More »Highlighting Servicer Success and the Utilization of Loss Mitigation Technology
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.
Read More »Colorado Supreme Court Weighs in on Bankruptcy & Foreclosure
A recent Colorado Supreme Court decision held that a discharge in bankruptcy does not trigger the statute of limitations on a claim to foreclose based on a deed of trust.
Read More »