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.
Defaulted Mortgage Liquidation Timelines Improve
The amount of time it takes to liquidate a securitized defaulted mortgage appears to have peaked, and the timeline is starting to decline.
Continued Drop in Mortgage Lates, Foreclosures
Further improvement has been made in the performance of home loans, while the foreclosure rate and pace of repossessions moved lower.
GSEs Announce Annual Foreclosure Moratorium
In what has become an annual tradition, the government-sponsored enterprises are suspending foreclosure evictions during the holiday season.
Mortgage Delinquency Rises, Foreclosures Down
Although mortgage delinquency rose for the second consecutive month, foreclosures starts were the lowest in more than a decade.
Mortgage Delinquency at Decade Low
As the delinquency rate on mortgages retreated to a level not seen in a decade, the foreclosure rate declined to a new nine-year low.