The Federal Housing Finance Agency (FHFA) rolled out its fourth-quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac zipped up 67,569 foreclosure prevention actions in the fourth quarter of 2017. Across the board, that brings the number ...
Read More »Fannie Mae Streamlining Processes With Black Knight’s DMRS Tool
Florida-based Black Knight, Inc. announced that Fannie Mae has signed an agreement to continue its use of the Default Management Reporting System (DMRS).
Read More »Securing Foreclosure Protections for Veterans
This past week the United States Senate passed legislation designed to help protect military servicemembers, veterans, and their families from foreclosure. Sponsored by Sen. Sheldon Whitehouse (D-Rhode Island), the legislation was included as part of the larger banking regulation bill ...
Read More »Delinquencies on the Decline
According to the latest installment of CoreLogic’s monthly Loan Performance Insights Report, nationally 5.3 percent of mortgages were in some stage of delinquency during December 2017. That figure includes mortgages in foreclosure. The total is exactly the same percentage as ...
Read More »The Long Road to Recovery for Ohio and Foreclosures
Ohio was at the forefront of the housing crisis that the nation has been working to recover from for the past decade. According to a 2016 report by Policy Matters Ohio, there were 40,479 new foreclosure filings in Ohio in ...
Read More »Pennsylvania Supreme Court Addresses Foreclosure Notice Requirements
One of the most important elements of the foreclosure process is adhering to regulations for the area in which the foreclosure is occurring. Given that foreclosure law varies wildly from state to state, staying abreast of new developments can be ...
Read More »Improving FHA Foreclosure Processes
A new brief released by the Urban Institute explores ways to improve Federal Housing Administration (FHA) foreclosure timelines and conveyance processes so as to drive down costs and make things more efficient. The brief is the third in a series ...
Read More »New Bill Addresses Reverse Mortgage Foreclosures
The Philadelphia City Council recently introduced a bill to help prevent reverse mortgage foreclosures when a homeowner is in a payment agreement for real estate taxes on their homes. As a requirement for a reverse mortgage, borrowers must remain current ...
Read More »Mortgage Delinquencies Dip, Foreclosure Starts Spike
Mortgage delinquencies dropped 8.6 percent between December and January, but remained up year-over-year, according to the latest First Look at January mortgage performance data from Black Knight, Inc. Black Knight cites calendar-related effects and a continued decrease in hurricane-related delinquencies ...
Read More »Serious Delinquencies Spike in Texas, Florida
Except for in the hurricane-hit states of Florida, Texas, and Puerto Rico, delinquency rates across the U.S. declined in November 2017 on a year-over-year basis, according to the Loan Performance Insights Report released by CoreLogic on Tuesday. The report examines ...
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