Distressed

Under new terms of its program, the Aloha State will also extend assistance to reverse mortgage holders as well as some borrowers with nondelinquent loans.

But when compared past periods of upheaval, those rates remain relatively low, the Mortgage Bankers Association report showed.

But more potential owner-occupants are entering this market as a result of tight housing market conditions, Auction.com found.

Many borrowers have historically low rates obtained during the 2020-2021 housing boom but a smaller number of people entering the market since 2022 have higher financing costs and less equity.

This summer, the Department of Veterans Affairs will introduce a new kind of a "last-ditch effort" to keep veterans in homes, by making servicers whole and putting the delinquent borrowers on an exclusive interest rate.

The 13% jump from March stemmed primarily from borrowers late by 30 days, possibly due to a Sunday month-end close that complicated the receipt of payments.

Now that the national emergency is over some — but not all — government-related entities have set what may be final deadlines for this form of pandemic relief.

But the percentage of loans in workout no longer current increased in April, the Mortgage Bankers Association found.

The bill would provide up to 18 months of relief to homeowners still financially impacted from the storm and would apply retroactively to payments missed since September 2021.

Consumers are receiving demand letters on loans they have not had any communication about in at least 10 years, the regulator said.