Archives For: Industry Updates
Q2 Auction Demand Slips as Retail Inventory Rises
Auction.com reports that demand for distressed REO properties sold at auction showed early signs of slipping in June 2024.
26 Jul 2024
ICE: First Look at June 2024 Mortgage Data
ICE reports that the national delinquency rate increased in June to its second highest level in the past 18 months.
22 Jul 2024
Share of Mortgage Loans in Forbearance Increases to .23% in June
MBA’s Monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to .23% at the end of June 2024.
22 Jul 2024
Land Bank Finishes 2nd Rehab Project with City Support
With support from the City of Decatur’s American Rescue Plan funds, the Central Illinois Land Bank Authority completed another home rehab project.
21 Jul 2024
Bill Amends Louisiana Law to Address Criminal Trespassing and Squatters
Effective 8/1/24, Louisiana Senate Bill 466 will amend Louisiana law to address criminal trespassing and squatters.
17 Jul 2024
HUD Proposed New Rule to Govern the Sale of FHA Mortgage Notes
HUD is proposing a new rule to govern the sale of seriously delinquent single family mortgage loans insured by FHA.
17 Jul 2024
Top 10 States Posting Midyear Declines in Foreclosure Filings
ATTOM outlines the top 10 U.S. states posting the greatest declines in foreclosure activity over the 6 months of 2024.
12 Jul 2024
Auction.com 2024 Seller Insights Report
Auction.com’s 2024 Seller Insights Report reports that most default servicing leaders expect a gradual increase in foreclosure volume over the second half of the year.
12 Jul 2024
Foreclosure Activity in First Half of 2024 Down from Previous Year
ATTOM has released its Midyear 2024 U.S. Foreclosure Market Report, showing there were 177,431 properties with foreclosure filings in the first half of 2024.
10 Jul 2024
CFPB Proposed Rules to Help Homeowners Avoid Foreclosure
CFPB proposed new rules that would require servicers to help homeowners before foreclosing, reduce servicer paperwork, and improve homeowner communication.
10 Jul 2024