Tag Archives: Foreclosures

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.

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.

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.

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.

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.

The original expiration date was January 31. Here's the latest details on the moratoria from the FHFA and Director Mark Calabria.

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.

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.

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.

The latest survey found certain segments of the market are falling behind, and a growing share of borrowers are concerned about falling into foreclosure.