Distressed

An article's handling of COVID loan forbearance for veterans is an unfortunate example of how American journalism has become compromised by progressive politics, often by ignoring or twisting the facts, writes the chairman of Whalen Global Advisors.

The Federal Housing Administration has a floated modernized policy that could permanently replace the temporary one but was asked for more implementation time.

The withdrawal of pandemic housing relief and high home prices have heightened consumer strain, according to nonprofit Money Management International.

The latest increase marks the seventh straight quarterly rise, per an Attom report.

The company took another net loss but some of its numbers improved as it slashed expenses and prospects improved for distressed loan services.

Loans more than 90 days past due increased for the first time this year in September, according to ICE Mortgage Technology.

Numbers the Federal Housing Finance Agency just reported for 2022 were the third lowest since the program began, and this year's probably won't be high either.

In July, month-to-month missed payments increased but improved on an annual basis because a lower share of borrowers were 90 days or more late.

Serious delinquencies remain on the decline, but an increase took place in more recent buckets of 30 and 60 days.

Since 2019, distressed loans have increased 77%, but it is just a small portion of the $691 billion currently outstanding.