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.
17-Year Low for Overall Mortgage Delinquency
Overall mortgage delinquency fell to the lowest level in 17 years, while the rate of foreclosures has descended to the lowest level in a decade.
Foreclosures at 10-Year Low, Delinquency Up
Although there was month-over-month deterioration in residential loan delinquency, the number of mortgages in foreclosure retreated to a level not seen in a decade.
Wells Fargo Still Fighting 7-Year-Old F/C Lawsuit
A lawsuit filed by an Ohio couple seven years ago over allegedly illegal fees that were charged by Wells Fargo & Co. on a foreclosure is still active.
Mortgage Lender Loses Appeal in MA Foreclosure Case
The Massachusetts Supreme Judicial Court held that its ruling in Pinti v. Emigrant Mortgage Co., 472 Mass. 226, 227, 232 (2015) "applies in any case where the issue was timely and fairly asserted in the trial court or on appeal before July 17, 2015." Fed. Nat'l Mortg. Ass'n v. Marroquin, 477 Mass. 82, 83 (2017).
Around 17-Yr Low for Early Stage Mortgage Lates
The monthly rate of late payments on single-family loans turned sharply lower. The rate of early-stage delinquency, meanwhile, is around the lowest it's been in 17 years.