Forbearances Drop for Fifth Consecutive Week
The number of Americans currently in forbearance plans continues to decline, as the total number of loans now in forbearance decreased by six basis points…
Category: Foreclosures
CFPB Proposes Plan to Avoid Foreclosure Surge
The Consumer Financial Protection Bureau (CFPB) has proposed changes intended to help prevent impending foreclosure actions as the emergency federal foreclosure protections are eventually set…
Delinquencies Hit 6% Mark in February
After eight consecutive months of improvement, Black Knight has found that the national mortgage delinquency rate rose slightly in February from 5.85% to 6.0%. As…
Examining Mortgage Liens and ‘Equitable Subrogation’
A legal expert examines a recent opinion from the New Jersey Appellate Division. Here’s how it could impact lenders/servicers operating in the Garden State. The…
The Limits of the “FEMA Hold” Moratorium
In February 2021, an unprecedented snap of winter weather covered much of Texas in snow, ice, and freezing temperatures. At a time when many loans…
Roughly 2.1 Million Homeowners Remain Delinquent
Black Knight has reported that in January 2021, the national mortgage delinquency rate fell to 5.9%, a 0.9% monthly drop from December 2020’s rate of…
Active Forbearances Trending Upward
Black Knight has released the results of its latest McDash Flash Forbearance Tracker, finding that the trend of mid-month forbearance increases continues to rise. Black…
NY Court of Appeals Rules on Foreclosure Deceleration, SOL
A legal expert discusses why this is good news for mortgage servicers and how it provides a “clear, bright path” forward for cases that may…