Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36 million “home retention actions” during the COVID-19 pandemic. Source:…
Posts published in “foreclosure”
Windermere Chief Economist Matthew Gardner has pulled the latest data on foreclosure starts and looked at the quality of mortgages that have been given to…
Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least seven years, in some cases leading customers to lose their homes. …
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to…
As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in the third quarter of 2022, according to…
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance…
The number of homes that are in some stage of the foreclosure process rose 27.4 percent compared to the year before, with the number of…
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers. Source: Inman News
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change. Source: Inman…
The number of vacant properties going through the foreclosure process is on the rise once again, even as fewer total properties lie vacant. Source: Inman…