REO

According to ATTOM data, foreclosure filings continued to trend down slightly month-over-month but remained significantly elevated year-over-year. Click through to learn what the latest data forecasts for the months ahead.

Florida courts have seen a rise in equitable lien foreclosures in what appears to be an attempt to defraud “unsophisticated and unsuspecting third-party purchasers at foreclosure sales.”

January performance data decreased by 10-basis points in the national delinquency rate over December.

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to nearly 4% of all loans outstanding at the end of Q4 of 2022.

An upcoming Five Star-led webinar will discuss how to expedite a mortgage servicing technology project, from approval to execution, in a 90-day timeframe.

CoreLogic estimates that approximately 18,600 homes within a Houston-area tornado footprint suffered damage in a late January storm path.

With more than 40 years of experience in risk management, banking, and corporate finance functions, and venture capital investing, James Daras is tapped to lead nationwide mortgage loan subservicer.

“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.

According to Black Knight, mortgage delinquencies were up seven basis points month-over-month but down 9% year-over-year. Also, prepayments fell for the third straight month.

With 80% of millennial homebuyers in debt, a new study from Real Estate Witch revealed more than 90% cited inflation as impacting their homebuying plans, as many remain unable to afford downpayments and mortgage payments.