Distressed Mortgages

The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.

There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.

This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.

The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.

LegalShield's April foreclosure index rose 46.4% year over year to 52.4 in the South, while the West's index remains nearly 30% below prepandemic levels.

The areas cited by Attom Data Solutions all have similar characteristics, namely high unemployment rates and worse foreclosure activity than their peers.

The Department of Veterans Affairs will accept the legislatively-mandated partial-claim option soon and servicing systems must accommodate it by November 28th.

The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.

June could be the true test for delinquencies and how many distressed borrowers impacted by a shift in Federal Housing Administration rules will reperform.