Foreclosure

With foreclosures now in flux due to COVID-19, the Consumer Financial Protection Bureau is reminding borrowers of the relief options available for them to avoid default.

According to new data, despite the slight uptick, the South still leads in overall deliqnuency levels.

In addition, the bank will also be supporting its employees through a $10 million donation to its WE Care Fund.

While the composite index was unchanged across the month, did the share of mortgages that were late rise?

Servicing leaders discuss Governor Cuomo's response to New York's coronavirus crisis.

A study from the Office of the Comptroller of the Currency, however, notes that the share of delinquent loans is falling on an annual basis.

Hours after President Trump announced a suspension of foreclosures and evictions for mortgages backed by HUD and FHFA, official statements clarified that the policy will extend at least 60 days, contrary to earlier reporting.

Miami, New York, Portland and San Jose are among the cities barring evictions and suspending foreclosures from moving forward as more people are isolated to contain the spread of the novel coronavirus.

A new study notes that inlight of recent events, homeowners may refinance into lower-monthly payments, further reducing delinquency risk.

Miami and San Jose, California have temporarily stopped all evictions, while other cities, including San Francisco and New York, are considering doing the same.