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In addition to the potential wave of mortgage defaults resulting from coronavirus-driven forbearances, hurricane season could put nearly 7.4 million homes worth $1.8 trillion at risk.May 28
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But the number of foreclosures and zombie properties may spike after the moratorium ends on June 30.May 28
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Kalahari Resorts defaulted on a $347 million mortgage originated by JPMorgan ChaseMay 27
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Coronavirus-related mortgages in forbearance grew 20 basis points between May 11 and May 17, according to the Mortgage Bankers Association.May 26
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County homeowners may be eligible for federal assistance in the form of low-interest loans rather than grants.May 25
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The original so-called payment holiday started in March and was set to end next month.May 22
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To deal with the crunch, servicers should combine cloud and digital workflow automation technologies.May 19
Founder and CEOClarifire
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Total forbearance driven by the coronavirus rose by 25 basis points, which suggests it is still growing but at a slowing pace, according to the Mortgage Bankers Association.May 18
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The global hospitality industry is facing the worst downturn in its history, and New York, the epicenter of the coronavirus outbreak in the U.S., is poised for a painful recovery.May 15
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Now is the time for mortgage servicers to prioritize customer care for the homeowners they serve.May 15
CEO and PresidentSagent Lending Technologies
