The latest data found a rise in the mortgage delinquency rates from January’s numbers, but how does it compare to pre-pandemic totals?
Read More »Examining Mortgage Liens and ‘Equitable Subrogation’
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.
Read More »The Limits of the ‘FEMA Hold’ Moratorium
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.
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