Tuesday , 26 January 2021

Loss Mitigation

Forbearance Volumes Change Course

After falling by 273,000 or 9% over the past two weeks, forbearance volumes edged upward this week. Data collected by Black Knight through November 17 showed that about 5.2% of all active mortgage loans nationwide are in forbearance programs—that’s about 2.77 million. The number is significantly lower than last spring’s peak, which was 4.76 million … The post Forbearance Volumes …

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A Week of ‘Strong Forbearance Improvement’

After declining by 5% last week, the number of mortgage loans actively in forbearance dropped again this past week, according to Black Knight, which calls the week of November 3-10 one of “strong forbearance improvement.” “The decline was seen across investor classes and was largely due to the bulk of remaining October expirations being addressed … The post A Week …

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‘Stunning’ Delinquency Spike Could Mean ‘Bumpy Waters Ahead’

Due to forbearance plans, home foreclosures are at record lows, but skyrocketing serious-delinquency rates point to a rough road ahead. That is, according to CoreLogic, provider of property-data analysis, which just released its monthly Loan Performance Insights report for August. It showed, nationally: Overall delinquency rate for August was 6.6%. The rate for early-stage delinquencies … The post ‘Stunning’ Delinquency …

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Housing Outlook Maybe Not as ‘Rosy’ as it Seems

An expert on a webinar panel said analysis of interest rates, forbearance numbers, and stimulus developments can help provide a more realistic understanding of housing developments. The post Housing Outlook Maybe Not as ‘Rosy’ as it Seems appeared first on DSNews.

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Responsibly Addressing Forbearance Costs

“Policymakers Should Maintain Forbearance but Fix Its Costs.” That is the title of a new brief published by the Urban Institute’s Housing Finance Policy Center. Research associates Michael Neal,  Linna Zhu, and Faith Schwartz explain that mortgage performance following Hurricane Katrina suggests that this pandemic (which resembles a natural disaster in ways) will increase delinquencies. … The post Responsibly Addressing …

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FHFA Releases Latest Mortgage Relief Numbers

The Federal Housing Finance Agency (FHFA) Thursday released its Q2 Foreclosure Prevention and Refinance Report. The report shows Fannie Mae and Freddie Mac, since the 2008 start of conservatorship, completed 252,014 foreclosure prevention actions. Overall, that brings the number of “troubled homeowners who have been helped” to 4.68 million, FHFA reported. The Agency said that … The post FHFA Releases …

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Industry Webinar Spotlight: Mitigating Risk, CWCOT Changes

here’s your chance to revisit some of our recent complimentary webinars. From servicing risk to eClosings and changes to the Claims Without Conveyance of Title program, here are some of our recent presentations featuring insights from industry subject-matter experts. The post Industry Webinar Spotlight: Mitigating Risk, CWCOT Changes appeared first on DSNews.

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