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Consumers are receiving demand letters on loans they have not had any communication about in at least 10 years, the regulator said.
April 26 -
Economic turbulence affected borrowers during the quarter and will likely impact their ability to refinance maturing loans, the Mortgage Bankers Association said.
April 19 -
The 51 basis point increase was inevitable after the late payment rate reached a record low in the third quarter, the Mortgage Bankers Association said.
February 16 -
New starts surged 75% compared to a year ago, but repossessions saw their first decline in one-and-a-half years, according to Attom.
February 14 -
Mortgage prepayment rates also fell to a new low for the third consecutive month in December, according to Black Knight.
January 25 -
Foreclosure prevention actions overall fell for the sixth time in seven months in October, according to the FHFA.
January 24 -
The share of loans with suspended payments remained steady as 2022 ended, but that could change this year if unemployment increases in line with forecasts, according to the Mortgage Bankers Association.
January 23 -
The measure enacted on Dec. 30, 2022 applies retroactively and could add servicing risks that lending divisions will likely consider in underwriting and pricing on new loans originated in the state.
January 13 -
The overall share of distressed mortgages fell in every state, but the effects of Hurricane Ian led to a small uptick in early-stage late payments compared to one year ago, CoreLogic said.
December 28 -
Foreclosure starts also increased by over 19% between October and November but remain below pre-pandemic levels.
December 22