Distressed

Compared with the week prior, approximately 57,000 fewer loans from all investor types were forborne.

Blackhawk Community Credit Union sold the buildings it acquired in lieu of foreclosure to Rock Renaissance Partnership for $165,000.

Starwood Capital Group missed two monthly payments on securitized debt tied to five shopping malls anchored by bankrupt department stores including Sears and J.C. Penney.

The number of loans going into coronavirus-related forbearance ground down to a growth rate of 2 basis points between June 1 and June 7, according to the Mortgage Bankers Association.

A Clever Real Estate survey found a significant share of new borrowers are not making their full payment.

As brick-and-mortar shopping centers steadily lost market share to online competitors, the family behind three of the four biggest malls in North America built a thriving business by infusing their properties with heavy doses of entertainment.

The number of loans going into coronavirus-related forbearance slowed to a rate of 7 basis points between May 25 and May 31, according to the Mortgage Bankers Association.

About 9% of government-insured loans in forbearance have low equity, which could hamper post-forbearance servicing.

But there was an increase in private-label mortgages in forbearance.

The company's pricing of its secondary stock option partially alleviated worries about the need to obtain new funds and the risk of dilution for existing shareholders.

Coronavirus-related mortgages in forbearance grew 10 basis points between May 18 and May 24, according to the Mortgage Bankers Association.

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.

But the number of foreclosures and zombie properties may spike after the moratorium ends on June 30.

Kalahari Resorts defaulted on a $347 million mortgage originated by JPMorgan Chase

Coronavirus-related mortgages in forbearance grew 20 basis points between May 11 and May 17, according to the Mortgage Bankers Association.

County homeowners may be eligible for federal assistance in the form of low-interest loans rather than grants.

The original so-called payment holiday started in March and was set to end next month.

To deal with the crunch, servicers should combine cloud and digital workflow automation technologies.

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.

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.