Bankruptcy Ruling Benefits Foreclosing Parties
The 9th Circuit Court of Appeals has barred claims due to the borrower's failure to amend include the claims in their bankruptcy schedules.
BofA Could Avoid Massive Foreclosure Judgment
Bank of America Corp. has reached a settlement with a California couple in a wrongful foreclosure action for far less than a massive judgment imposed earlier this year.
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 1st Mortgage Delinquency Up, Could Worsen
Serious delinquency on first mortgages deteriorated last month, and the recent spate of natural disasters could make things worse. The Big Apple experienced a surge in consumer delinquency.
FHA is Best Growth Potential for Default Servicers
For default mortgage servicers, loans insured by the Federal Housing Administration offer the best potential for portfolio growth during the next couple years, according to a recent survey.
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.
Reverse Mortgage Servicing Layoffs at Wells Fargo
The sale of servicing rights on reverse mortgages by Wells Fargo & Co. has resulted in a staff reduction of more than a hundred positions.
Delinquency Spike Possible from Hurricane Harvey
As a result of Hurricane Harvey, hundreds of thousands of residential loans could become newly delinquent, with many becoming seriously delinquent.
Massive MSR Portfolio Trading Hands
Ownership of mortgage servicing rights on a large portfolio of government-sponsored enterprise single-family loans is trading hands.
Non-QM Loans Pay Well, Though Higher Prepayments
The origination and securitization of loans that don't meet Qualified Mortgage requirements has been expanding, and performance is strong. But higher rates are leading to higher prepayments.