DSNews By: Brian Honea Those affected by the U.S. Department of Housing and Urban Development (HUD)’s decision on Friday, June 12, to allow servicers to allow surviving non-borrowing spouses in HUD’s reverse mortgage program to stay in their home if the mortgage was originated prior to August 4, 2014, widely applauded the Department’s decision […]
DSNews Author: Brian Honea February 24, 2015 Florida-based JWB Real Estate Capital has published its online investment property short sale guide to provide information for property owners on foreclosure prevention. While foreclosure numbers have declined since 2007, many homeowners still face the threat of foreclosure when their mortgage payment becomes overdue. While legal processes vary among states, […]
DSNews: By Author: Brian Honea February 18, 2015 The nation’s mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according toTransUnion‘s latest mortgage report released Wednesday. Q4 was […]
DSNews: Author: Brian Honea January 23, 2015 Just as it did in November, Mississippi led all states with the highest percentage of non-current mortgages and serious delinquent mortgages in December, according to data released recently as part of Black Knight Financial Services‘ December 2014 “First Look” at mortgage data released Friday. Mississippi’s percentage of non-current mortgages, which […]
DSNews: Author: Brian Honea January 24, 2015 Government-sponsored enterprise Freddie Mac has announced that it will begin its second sale of “deeply delinquent” mortgage loans in three pools worth approximately $410 million. Delinquent loans left over from a wave of foreclosures following the housing bust have dogged Freddie Mac and its sister GSE, Fannie Mae. […]
DSNews BY: Brian Honea January 29, 2015 A new policy issued by the Federal Housing Administration (FHA) on Thursday under its Home Equity Conversion Mortgage (HECM) Program will allow reverse mortgage lenders to delay calling HECMs from a surviving non-borrowing spouse following the death of the last surviving borrower. Such a delay on collection […]
DSNews -Author: Brian Honea January 14, 2015 About 1.5 percent of all homes with a mortgage in the United States were in some state of foreclosure in November 2014, the lowest foreclosure rate since March 2008, according to CoreLogic‘sNovember 2014 National Foreclosure Report released Wednesday. Foreclosure inventory, which includes homes in any state of foreclosure, plummeted […]
DSNews Author: Brian Honea December 12, 2014 Washington, D.C.-based NeighborWorks America, one of the nation’s largest community development corporations, announced that more than 1.8 million homeowners have received foreclosure prevention counseling through the association’s National Foreclosure Mitigation Counseling Program (NFMC) as of July 31, 2014. Distressed homeowners have utilized local nonprofits, national intermediaries, and […]
Author: Brian Honea December 15, 2014 The U.S. Senate and the House of Representativeshave both unanimously voted to pass a bill that give military servicemembers who have recently returned from duty added protection from foreclosure, according to an announcement from Senator Sheldon Whitehouse (D-Rhode Island), who introduced the bill in May. S.2404, also known as […]
Author: Brian Honea December 9, 2014 Fannie Mae and Freddie Mac announced on Tuesday a moratorium on evictions for single-family foreclosed homes for the holiday season. The GSEs said evictions will not be enforced from December 17, 2014, until January 2, 2015, for single-family homes that have been foreclosed on, meaning that families living in […]
