Foreclosures

The agency's announcement came one day after the agency said it would provide borrowers struggling to stay current with an additional payment deferral option.

By the end of the first quarter, the number of borrowers 30 days late on their mortgage increased by 59 basis points.

After over two years of falling delinquency rates, the burgeoning unemployment following the coronavirus economic shutdown will bring a surge of outstanding mortgages.

Specialized Loan Servicing will pay more than $1 million to settle Consumer Financial Protection Bureau allegations that it foreclosed on protected consumers and failed to send required evaluation notices in 2014.

With unemployment mounting, new mortgage forbearance requests could sharply increase in early May when payments are due.

Due to COVID-19's economic impact, the number of mortgaged properties in default or foreclosure rose in March for the first time since the turn of the century, according to Black Knight.

As the nation struggles with the coronavirus, now is not the time to make major revisions to the Community Reinvestment Act.

January saw the lowest mortgage delinquency rate in over 20 years, according to CoreLogic.

Researchers predict that the rate will rise in step with unemployment rate projections.

Almost all California foreclosures and evictions have been put on hold for the foreseeable future.