Mortgage Lates Surge, Foreclosures at 9-year Low
Even though the foreclosure rate fell to a nine-year low and foreclosure starts sank to a 28-year low, quarterly 30-day mortgage delinquency spiked.
Home Repossessions Return to Pre-Crisis Pace
For the first time since the national housing crisis, the monthly pace of completed foreclosures has fallen back to pre-crisis levels.
Robo Signing Debacle Costs ServiceLink $65 Million
Federal banking regulators have fined ServiceLink Holdings LLC $65 million over robo signing abuses that were committed several years ago.
Foreclosure Settlement for Citi Units
Citigroup Inc.'s home-lending and finance company servicing units have agreed to settle allegations of improperly handling distressed borrowers.
Improvement in Foreclosures, Mortgage Delinquency
Delinquency on residential loans improved both on a month-over-month and year-over-year basis, as did the rate of foreclosures.
Home Repossessions Nearing Pre-Crisis Pace
The monthly rate of real-estate-owned filings has fallen to a level that is very near the pace of completed foreclosures prior to the housing crisis.
HAMP Tab Reaches $23 Billion
Government funds used to pay for the Home Affordable Modification Program have reached nearly $23 billion as the program neared its sunset.
Bank Mortgage Delinquency, Foreclosures Fall
Quarterly delinquency on residential loans serviced by banks moved lower, as did the number of foreclosures that were initiated and completed.
Mortgage Delinquency Up, Foreclosures Down
Although mortgage delinquency has deteriorated for three consecutive months, the number of loans in foreclosure fell to an almost 10-year low.
Dems Scrutinizing Former OneWest Chief's Record
Senate Democrats are scrutinizing the likely new Treasury secretary's record on foreclosures while he was chief of OneWest Bank Group LLC.
Loan Modification News
Loan modification activity, reports and legislation.
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