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.
Foreclosure Decline Offsets Rise in Mortgage Lates
A slight drop in the foreclosure rate was more than enough to offset a modest bump in mortgage delinquency. Serious delinquency has improved for six consecutive months.
Bank Mortgage Delinquency Down, Foreclosures Up
The performance of residential loans that are serviced by the nation's financial institutions improved on a quarter-over-quarter basis. But the number of foreclosures started and finished worsened.
Early Stage Delinquency Jumps, Foreclosures Down
Although the volatile early stage mortgage delinquency rate turned sharply higher, other performance metrics were better and are likely to continue improving.
Decade Low for Serious Mortgage Delinquency
A decade has elapsed since the rate of serious mortgage delinquency was as low as it was in May. The foreclosure rate also fell to a 10-year low.
Couple Claims Victory in 10-Year-Old Foreclosure
After nearly a decade of fighting a foreclosure, a couple in the Empire State is claiming victory after their mortgage servicer missed an important deadline.
10-Year Low for Serious Mortgage Delinquency
It's been nearly a decade since the rate of serious mortgage delinquency has been this low. Early stage delinquency, meanwhile, sank to a 17-year low.
Fay Servicing Settles Charges of Foreclosure Abuse
Allegations that Fay Servicing LLC illegally moved forward with foreclosures on distressed borrowers who were actively seeking help have been settled.
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.