11-Month High for Mortgage Delinquency
Mortgage delinquency ascended to the highest level in 11 months as loan performance continues to be impacted by last year's hurricanes. Foreclosures held steady, though.
1 Billboard Inside Wilmington, North Carolina
A delinquent borrower has paid for a billboard in Wilmington, North Carolina, in his effort to avoid a foreclosure on his delinquent loan with SunTrust Mortgage Inc.
Mortgage Delinquency Sinks, Foreclosure Starts Soar
As last year's hurricanes continue to have an impact on the performance of mortgages, delinquency tumbled and new foreclosure filings soared.
Serious Mortgage Delinquency Up in Hurricane Areas
No monthly change was recorded for the non-current rate on mortgages. But serious delinquency intensified due to deterioration in areas impacted by hurricanes.
Hurricanes Continue to Hurt Mortgage Delinquency
Mortgage delinquency continued to deteriorate as servicers are still managing the fallout in states impacted by last year's hurricanes. Foreclosure activity has yet to be affected.
Deutsche Bank, Ocwen & Altisource Sued
A federal lawsuit has been filed against Deutsche Bank and affiliates, Ocwen Financial Corp. and Altisource Portfolio Solutions Inc.
Former Fannie Employee Accused of Taking Bribes
A former Fannie Mae employee has been charged with taking bribes on real-estate owned properties. It's the second time an employee from the same office has been accused of such crimes.
Nationstar Settles Alleged MA Servicing Abuses
Allegations of unfair servicing and foreclosure practices in the Bay State have been resolved by Nationstar Mortgage LLC through a multi-million-dollar settlement.
Mortgage Delinquency at 2-Year High
Thirty-day mortgage delinquency soared to a two-year high, while serious delinquency climbed to a 19-month high. But foreclosure starts were the fewest since the recession.
Mortgage Delinquency Up, Foreclosure Rate Holds
Although overall mortgage delinquency moved higher, early stage delinquency retreated, while serious mortgage delinquency and the foreclosure rate held steady.