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The state of mortgage delinquencies was a mixture of good news and bad news as 2017 wrapped up, according to a new report by Black Knight, Inc., a provider of integrated technology, data, and analytics for lenders and servicers. Today ...
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Total FHFA Prevention Actions Edge Close to 4 Million
Collectively, Fannie Mae and Freddie Mac sealed 18,034 foreclosure prevention actions back in October, bringing the combined total to 3,990,723 since the GSE conservatorships launched in September 2008, so says the Federal Housing Finance Agency’s (FHFA) October 2017 Foreclosure Prevention Report. By ...
Read More »Proposed Arizona Bill Addresses HOA Foreclosure Timelines
A new bill proposed in the Arizona Senate this week could speed up the timeline for when homeowners associations (HOA) could foreclose on homeowners who become delinquent in their HOA payments. Senate Bill 1080, proposed by Sen. John Kavanagh (R-Fountain ...
Read More »New York City Foreclosed Homes Hit 8-Year High
A report on the state of foreclosures in New York City and Q42017 reflected ongoing trends towards rising foreclosures in the city.
Read More »Mortgage Delinquencies Begin to Recover from Hurricane Season
Even though last year’s hurricane season is behind us, the aftermath from 2017’s damaging storms continues to be felt both on the ground where the storms made landfall and throughout the housing and mortgage industry still dealing from the fallout ...
Read More »PHH Moves Forward With Updated Servicing Standards
In a statement released Wednesday, PHH said they will implement new servicing standards as part of a settlement with a multi-state group of state attorneys general, as well as following a “testing and reporting process to ensure compliance with the ...
Read More »90-Day Delinquencies Experience Largest Monthly Increase in 9 Years
According to mortgage delinquency data compiled by Black Knight, Inc., in November 2017, 90-day delinquent loan inventory saw the largest month-over-month increase in nine years due to the impacts of Hurricanes Harvey and Irma.
Read More »Helping Borrowers Understand Foreclosure Prevention Options
A guide released by HUD helps homeowners understand how they can partner with mortgage servicers to know their loss mitigation options and avoid scams.
Read More »Foreclosures, Short Sales Down Once Again
New data shows foreclosures and short sales are down once again. November marked the fourth straight month they’ve declined.
Read More »Mortgage Delinquency Hits Lowest Rate in a Decade
CoreLogic’s latest Loan Performance Insights Report shows mortgage delinquency rates falling nationwide, but the effects of hurricane season padded early-stage delinquency numbers.
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