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.
9-Year Low for Serious Mortgage Delinquency
It's been more than nine years since the rate of serious residential loan delinquency has been this low. It was a similar story for the nation's foreclosure rate.
Mortgage Lates Inch Up, Foreclosures at 9-Yr Low
Despite a modest up tick in the mortgage delinquency rate, the rate of properties in the foreclosure process descended to the lowest level in nine years.
Repossessions Rise, Mortgage Delinquency Down
While serious delinquency on home loans retreated to a nearly nine-year low, the number of homes repossessed rose for the third month in a row.
Servicers Face New Requirements on NY Vacant REOs
The New York Abandoned Property Neighborhood Relief Act of 2016, recently signed into law by Gov. Andrew Cuomo, seeks to ease neighborhood blight by imposing new duties on mortgagees or their servicing agents to inspect and maintain abandoned properties secured by a delinquent mortgage.
Thousands Apply for Hardest Hit Funds in GA
Thousands of underwater borrowers in Georgia have applied to take advantage of money available in the state from the Hardest Hit program.
$2.5 Million NY Foreclosure Dismissed
A foreclosure action on a $2.5 million home loan has been dismissed by a state judge in New York because the statute of limitations was exceeded by the mortgage lender.
Bank Mortgage Delinquency Up, Foreclosures Down
Residential loan performance on mortgages serviced by large banks worsened, though there was a decline in new, pending and completed foreclosures.