In February 2021, an unprecedented snap of winter weather covered much of Texas in snow, ice, and freezing temperatures. Servicers should consider several limits of the FEMA Hold, which suggest it may not apply widely in Texas.
Read More »Roughly 2.1 Million Homeowners Remain 90+ Days Overdue
Black Knight finds that while the housing market has been in a slow recovery, the national foreclosure rate remains nearly five times greater than pre-pandemic levels.
Read More »Active Forbearance Numbers Trending Upward
The number of active forbearance plans is on the rise, as a critical deadline looms where nearly 600,000 seriously delinquent borrowers near the end of their forbearance terms.
Read More »NY Court of Appeals Rules on Foreclosure Deceleration, SOL
A legal expert discusses why this is good news for mortgage servicers and how it provides a “clear, bright path” forward for cases that may have been snared by potential statute of limitations concerns.
Read More »Navigating Foreclosures in the Face of a Pandemic
According to one legal expert, servicer response to New Jersey Governor Phil Murphy's Executive Order 106, though well-meaning, could potentially create more problems than it resolves.
Read More »FHFA’s Foreclosure and Eviction Moratorium Extended Again
The original expiration date was January 31. Here's the latest details on the moratoria from the FHFA and Director Mark Calabria.
Read More »How Are Mortgage Delinquency Rates Changing?
Overall delinquency rates were highest in Hawaii and Nevada. Click through to learn how else the industry landscape has changed according to the latest CoreLogic data.
Read More »California to Mortgage Servicers: Remember Duty to Struggling Homeowners
California Attorney General Xavier Becerra said he will not hesitate to enact investigative and enforcement actions against servicing professionals who fail to meet legal obligations during COVID crisis.
Read More »Working to Prevent HECM Foreclosures
The New York legislature has passed a bill that will require lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of impending foreclosure actions against homeowners with reverse mortgages.
Read More »More Americans Struggling to Make Full House Payments
The latest survey found certain segments of the market are falling behind, and a growing share of borrowers are concerned about falling into foreclosure.
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