From record sales and new partnerships to new technology, get the latest buzz on the industry in this weekly update.
Read More »Delinquencies Remain Low But Household Debt Rises
Household debt rose to record highs according to the quarterly household debt and credit report released by the New York Fed. What is the share of mortgages in this increasing debt?
Read More »FHA Provides Relief to Hurricane-Affected Homeowners
An updated policy on default and foreclosure for FHA loans is aimed at helping struggling borrowers in Puerto Rico and the U.S. Virgin Island impacted by Hurricanes Irma and Maria. See what the FHA said to mortgage servicers and lenders about this policy.
Read More »Courts Address Condo Laws, But Questions Remain
A pair of recent court rulings sought to address lingering questions in the arena of Illinois condo foreclosure law, but seemingly contradictory sets of guidance have left stakeholders in need of further clarification.
Read More »Technical Error Led to Foreclosures, Says Wells Fargo
In its quarterly filing, the bank admitted to how a computer error caused more than 600 customers to be denied or not being offered loan modifications despite being qualified for them, leading to foreclosures for around 400 borrowers.
Read More »How Low Can Foreclosure Rates Go?
Foreclosure rates have continued to dwindle in recent months, and May was no exception. Click through to learn what milestone the national foreclosure rate crossed last month, and whether there are any changes on the horizon.
Read More »Appeals Court Addresses Foreclosures & Promissory Notes
A New Jersey appeals court recently weighed in on a case involving a dispute over whether a foreclosing party that didn’t possess the note had standing to foreclose in the first place. Click through to learn the details of the case.
Read More »How Are Mortgages Performing in 2018?
A new report from the Office of the Comptroller of the Currency examines mortgage performance as of Q1 2018. Click through to learn more about current foreclosure rates, prevention actions, and other data crucial to the servicing landscape.
Read More »Delinquencies Reverse Course
Mortgage delinquencies defied several trends in April, according to the latest First Look at the month’s mortgage performance data from Black Knight, Inc. April is typically a month that sees an increase in mortgage delinquencies. In fact, historically, delinquencies have ...
Read More »How Foreclosures Impact the Nation’s Hottest Housing Markets
What separates Reno from Columbus? Foreclosure inventory, according to a study that used foreclosures as a percent of sales as a tie-breaker for comparing the sales and prices of homes in both these cities.
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