Hurricanes Behind Soaring Mortgage Delinquency
One-month delinquency on mortgages soared nearly a half-percentage point last month driven by deterioration in states impacted by the recent hurricanes.
Mortgage Delinquency Inches Up
A mild month-over-month rise in the non-current single-family rate was reported. Areas driven by oil production have seen increasing serious mortgage delinquency.
Bank Delinquency, Servicing Portfolios Decline
Delinquency and foreclosures on bank-serviced mortgages continued to show quarterly improvement, and the servicing portfolios of big banks continued to diminish.
Bankruptcy Ruling Benefits Foreclosing Parties
The 9th Circuit Court of Appeals has barred claims due to the borrower's failure to amend include the claims in their bankruptcy schedules.
BofA Could Avoid Massive Foreclosure Judgment
Bank of America Corp. has reached a settlement with a California couple in a wrongful foreclosure action for far less than a massive judgment imposed earlier this year.
Mortgage Delinquency Up, Hurricane Impact Begins
While the foreclosure rate eased last month, mortgage delinquency edged higher. Loan performance is beginning to be impacted by hurricane activity.
Serious Mortgage Delinquency, Foreclosures Stay Low
The rate of serious mortgage delinquency continued to hover around the lowest level in a decade. It was the same story for the nation's foreclosures.
Class Action Costs Foreclosure Lawyer Over $1 Mil
A class action lawsuit that was filed against a Florida foreclosure attorney has yielded more than $1 million for charities and former borrowers.
Good Mortgage Terms for Credit-Stained Borrowers
The Federal National Mortgage Association is reminding its lenders that it can buy loans to consumers who have a previous bankruptcy or foreclosure.
Mortgage Industry Supports Hurricane Victims
All around the mortgage industry, primary and secondary lenders are coming to the aid of borrowers impacted by the severe devastation from Hurricane Harvey.
Loan Modification News
Loan modification activity, reports and legislation.
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