In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with…
Tag: Foreclosure
FHA proposes updates to partial claim payoff statements
The Federal Housing Administration (FHA) this week published a newly proposed Mortgagee Letter on its Single…
CFPB orders Fay Servicing to pay $2M over illegal foreclosure practices
The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal…
Home inventory gains push demand for distressed properties lower: Auction.com
Auction.com, the nation’s largest online platform for distressed real estate sales, recently reported that demand for…
Foreclosures expected to grow slowly the rest of 2024: Auction.com
A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during…
’Zombie’ properties remain a small slice of the housing market: Attom
Vacant residential homes, also known as “zombie properties,“ continue to represent a small portion of the…
FHA extends foreclosure moratorium on Hawaiian island of Maui
The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-08, which extends a foreclosure moratorium…
U.S. foreclosure activity stabilized in March: Attom
Foreclosures remained relatively stable in the first quarter of 2024 and homeowners continue to hold significant…
Borrowers continue to be resilient as mortgage delinquencies recede
Mortgage delinquencies improved again in February as prepayment activity increased moderately. The national delinquency rate eased…