Foreclosure

ATTOM's 2023 U.S. Foreclosure Market Report revealed that foreclosure starts are down 7% from April, while completed foreclosures also decreased nearly 40%. According to the report, one in every 4,234 housing units nationwide had a foreclosure filing last month.

The two-day summit featured a servicer certification class, followed by a day of panels from experts and highly placed people on a variety of bankruptcy- and default-related topics related to bankruptcy and other areas related to attorneys.

Mortgage servicing fintech provider adds 120-plus members to its workforce by launching its non-U.S. headquarters in Chennai, India, following agreement with Mr. Cooper.

JT Grubbs, EVP of Loan Servicing at Selene, sat down with MortgagePoint to share how the company puts their customer first and how to gain customers for the life of the loan.

Attorney Rich Haber of McCalla Raymer Leibert Pierce discusses the impact of New York’s Foreclosure Abuse Prevention Act on the industry.

"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their properties,” said Rob Barber, CEO for ATTOM Data.

Attorneys T. Robert Finlay and Jonathan D. Fink explore a recent court ruling where a lender’s settlement agreement with its defaulting borrowers violated California’s usury laws by including a provision for interest at a higher rate than that allowed by state law.

“February’s early-stage delinquency rate was historically low and primarily driven by a strong job market,” said Molly Boesel, Principal Economist at CoreLogic. “However, the possibility of a recession that would raise the U.S. unemployment rate could slightly erode the current strong mortgage performance situation in the coming months.”

The Consumer Financial Protection Bureau has issued guidance to protect consumers from illegal collection tactics on so called “zombie mortgages,” since it is illegal for debt collectors to sue or even threaten to sue to collect on these debts past the statute of limitations or in other illegal fashions.

The rate ticked down 53 basis points to end March at its lowest level ever.