Seasonal Surge in Mortgage Delinquency
Delinquency on residential loans soared last month, though the surge was attributed to seasonal factors, Foreclosure starts, however, sank to a 12-year low.
Home Loan Delinquency Down, 10-Yr Low Foreclosures
Quarterly single-family mortgage delinquency, including on government loans, has improved, and the foreclosure rate is the lowest in a decade.
Monthly Mortgage Delinquency Declines
The rate of past-due payments, serious delinquency and foreclosures on mortgages outstanding all moved lower on a monthly basis.
Supreme Court Rules Against Mortgage Lenders
The Supreme Court has ruled that cities have standing in lawsuits filed against mortgage lenders alleging discrimination.
10-Year Low for Mortgage Delinquency
In the first month of this year, the performance of residential loans was better than it's been in nearly a decade. North Dakota was best.
California Decisions in Foreclosure Sales Conflict
It is understandable that a purchaser of a property at a trustee's sale is anxious to immediately begin eviction proceedings in order to take possession of and market the property.
Foreclosure Error Cost BofA $46 Million
A federal bankruptcy judge has ordered Bank of America Corp. to pay $46 million for proceeding on a foreclosure despite a bankruptcy stay.
Bank Mortgage Delinquency Up, Foreclosures Down
Although the quarterly non-current rate of residential loans serviced by banks worsened, foreclosures started and completed fell as did the foreclosure rate.
3rd Consecutive Monthly Mortgage Delinquency Drop
For the third month in a row, the share of mortgages that were past due at least one month or in the foreclosure process has moved lower.
NY Appeals Court Ruling Favors Mortgage Servicers
The New York Appellate Division, Second Department, recently decided a novel issue which may serve as a lifeline for lenders facing the expiration of the statute of limitations in mortgage foreclosure actions.