Tag Archives: Foreclosures

With approximately 2.5 million Americans currently in forbearance plans, a new report notes that the total loans in forbearance dropped to 4.9% of total volume, marking a five-week decline.

The CFPB is suggesting a number of ways for the nation’s servicers to deal with a potential windfall of foreclosures as nearly 2.5 million homeowners prepare to exit forbearance plans.

The latest data found a rise in the mortgage delinquency rates from January’s numbers, but how does it compare to pre-pandemic totals?

A legal expert examines a recent opinion from the New Jersey Appellate Division. Here's how it could impact lenders/servicers operating in the Garden State.

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.