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Inflation and higher interest rates are hurting distressed borrowers, but low unemployment, remaining forbearance and loss mitigation options are still blunting their impacts, recent loan-performance numbers suggest.
July 18 -
New starts in the first half of the year came in 19% higher than early 2020, but primarily affected long-delinquent properties protected by moratoriums.
July 14 -
The government-sponsored enterprises divested themselves of the largest share of these loans since they first began selling them in 2014, a Federal Housing Finance Agency report found.
July 12 -
The court found the sale of a property held by a limited liability company violated bankruptcy-related restrictions because a resident with a Chapter 7 petition was involved.
July 7 -
Foreclosure starts also fell, coming in below pre-pandemic pace, according to Black Knight.
June 24 -
But a slower-than-anticipated rate of repossessions suggest distressed homeowners are finding solutions.
June 14 -
The opinion heightens the need for servicers to be careful about billing communications, particularly when a distressed loan or foreclosure is involved.
June 7 -
However, higher property values are likely to mitigate any potential large increase in abandonments because troubled borrowers are less likely to walk away.
June 2 -
While the number of loans with payments that have been late for three months or more has fallen, it’s still higher than in early 2020, according to Black Knight.
May 20 -
The 36% consecutive-month drop could mark the start of a period in which a small wave of financially distressed homeowners sell their homes through alternative means, according to Attom Data Solutions.
May 11