Bank Mortgage Delinquency Up, Foreclosures Down
Although the quarterly non-current rate of residential loans serviced by banks worsened, foreclosures started and completed fell as did the foreclosure rate.
3rd Consecutive Monthly Mortgage Delinquency Drop
For the third month in a row, the share of mortgages that were past due at least one month or in the foreclosure process has moved lower.
NY Appeals Court Ruling Favors Mortgage Servicers
The New York Appellate Division, Second Department, recently decided a novel issue which may serve as a lifeline for lenders facing the expiration of the statute of limitations in mortgage foreclosure actions.
Mortgage Delinquency Down in January
The first month of this year was a good one for home-loan performance, with delinquency and foreclosures retreating.
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.