N.Y. appeals court sides with lenders in foreclosure case
The decision provides more clarity to noteholders in the state about when the six-year statute of limitations to bring a foreclosure action begins.
Foreclosures
Biden extends mortgage forbearance and foreclosure protections
While the Mortgage Bankers Association hailed the move, some experts say it could negatively impact housing inventory.
Mortgage delinquencies fall to a pandemic low
Gains in consumer financial stability helped to decrease the rates of distressed home loans, but job creation is needed to make recovery sustainable, a CoreLogic report found.
Slowing mortgage forbearance improvement sets up recovery challenges
The CARES Act-related forbearances could be “lulling us into a false sense of security” as 12-month expirations approach, according to Black Knight.
FHFA extends foreclosure ban as borrower struggles persist, costs rise
The government-sponsored enterprises’ moratoria will now continue well past inauguration day, according to the Federal Housing Finance Agency.
Foreclosure activity drops in 2020 as backlog builds up
While the annual total marks a 16-year low, the numbers are likely to change dramatically once government moratoria expire, according to Attom Data Solutions.
Are CRE foreclosures on the horizon?
Commercial real estate portfolios have held up better than expected during the pandemic. But rising delinquencies and fears of a delayed economic recovery are renewing questions about credit quality.
Foreclosures drop to new all-time low in November
About 4,400 loans started the foreclosure process in November, alongside 176,000 mortgages in active foreclosure.
Seterus agrees to pay $5M in distressed servicing settlement with CFPB
The company was accused of sending borrowers erroneous loan modification information between 2014 and 2018.
Foreclosure wave unlikely in 2021, BTIG says
The company expects a good year ahead for mortgage insurers, assuming that rising employment, higher home prices and payment timing deferrals will help them to mitigate risk.
‘Seriously delinquent’ mortgages remain elevated, OCC says
The percentage of seriously delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.
Foreclosures drop 14% month-over-month in November
The November foreclosure rate represented an 80% decline from the year before, according to Attom Data Solutions.
Mortgage insurers will feel the pinch from long forbearance timelines
Lower cure rates and possible rises in foreclosures and claims could force these companies to raise capital next year, Fitch Ratings said.
Delinquencies keep falling in October, but still double 2019’s rate
Mortgage delinquencies dropped to the lowest level since March but, particularly at the seriously delinquent level, they're still much higher than pre-coronavirus rates, according to Black Knight.
Delinquencies fall in Q3 but ‘no guarantee it will continue’
The overall mortgage delinquency rate improved in the third quarter as the economy got healthier while late-stage delinquencies hit a decade high, according to the Mortgage Bankers Association.
Rise in mortgage foreclosures reflects unemployment, COVID-19 woes
While moratoria keep foreclosures low compared to last year's rates, October activity jumped 20% from September, according to Attom Data Solutions.
July’s 120-day delinquencies doubled Great Recession’s peak
While overall mortgage delinquency rates slowly descend, serious delinquencies — especially loans past 120 days due — jumped in July, according to CoreLogic.
Cuomo extends eviction, foreclosure protections to 2021
Gov. Andrew M. Cuomo on Monday announced he will extend the eviction moratorium — set to expire Oct. 1 — to next year, continuing protections for tenants as well as homeowners who have been unable to pay rent and mortgage during the public health crisis.
Agencies extend freeze on foreclosures and evictions to end of year
Both the Federal Housing Finance Agency and Federal Housing Administration are extending relief for homeowners and renters due to the pandemic crisis.
Hurricane Laura puts 432K homes worth $88 billion at risk
If it makes landfall as a Category 3 storm as was initially projected, damage from Hurricane Laura's surge could potentially devastate 432,810 residential properties in Texas and Louisiana, according to CoreLogic.
Load More
Couldn’t load more articles. Try again.