Foreclosure

Nationwide, the overall delinquency rate dropped for the 18th consecutive month on an annual basis, as CoreLogic reports that approximately 1.4 million loans nationwide were in some stage of delinquency.

A new article from the Washington Post examines the government’s Homeowner Assistance Fund (HAF) and the speed at which these resources are reaching those in need.

DS News speaks to property preservation experts about how they’re navigating economic challenges, a shifting industry landscape, and an exodus of vendor partners as they attempt to maintain strong boots-on-the-ground service.

Black Knight’s first look at month-end data for October 2022 found prepayment activity reaching a new low.

It’s not often that a modern-day court relies on case law from 1896, but a recent case did exactly that, examining long-standing friction between Illinois probate and foreclosure law.

A new blog from First American questions whether or not the impact of an impending recession on the labor market will cause a "trickle" or "tsunami" in foreclosures.

Looking ahead, Ventera’s SVP of Financial Solutions publishes new white paper on the forecast for housing defaults.

“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979,” said Marina Walsh, MBA’s VP of Industry Analysis.

Joe Mellman, SVP and Mortgage Business Leader at TransUnion, said, "Considering that homeowners had a cumulative total of $604 billion in non-mortgage debt, [HELOCs allow homeowners to] use their available home equity to pay off more expensive debt while keeping their existing low interest rate mortgage in place.”

The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.