Foreclosure

Existing-Home Sales Tick Up 0.6% in January

Retrieved on: 
Friday, February 19, 2021
Mixed liquor suspended solids, Sewerage, Foreclosure, Articles, Real estate, Land law

Sales easily could have been even 20% higher if there had been more inventory and more choices.

Key Points: 
  • Sales easily could have been even 20% higher if there had been more inventory and more choices.
  • Distressed sales5 foreclosures and short sales represented less than 1% of sales in January, equal to Decembers percentage but down from 2% in January 2020.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

GreenPath and Homeownership Preservation Foundation Helps COVID-19 Affected Homeowners Avoid Foreclosure

Retrieved on: 
Thursday, February 18, 2021
Banking, Professional services, Family, Philanthropy, Consumer, Residential Building & Real Estate, Construction & Property, Foundation, Other Consumer, Other Professional Services, Finance, Other Philanthropy, Mortgage, National Foundation for Credit Counseling, Foreclosure, Real estate, Forbearance, Reverse mortgage, Articles, Economy, Homeownership Preservation Foundation, GreenPath Financial Wellness

GreenPath Financial Wellness , a national nonprofit that provides financial counseling and debt management services and its affiliate, Homeownership Preservation Foundation (HPF) that provides housing counseling services, helped 19,500 borrowers experiencing COVID-19 and other related financial hardship avoid foreclosure in 2020.

Key Points: 
  • GreenPath Financial Wellness , a national nonprofit that provides financial counseling and debt management services and its affiliate, Homeownership Preservation Foundation (HPF) that provides housing counseling services, helped 19,500 borrowers experiencing COVID-19 and other related financial hardship avoid foreclosure in 2020.
  • In addition to foreclosure prevention, HPFs certified counselors assist callers with forbearance guidance, pre- and post-modification support, reverse mortgage and rental counseling.
  • Homeownership Preservation Foundation, also known as HPF, is a national nonprofit organization dedicated to guiding consumers on the path of sustainable homeownership and improving their overall financial health.
  • GreenPath is a member of the National Foundation for Credit Counseling, Michigan Diversity Council, Texas Diversity Council, and is accredited by the Council on Accreditation.

DCHFA Relaunches the HomeSaver Foreclosure Prevention Program

Retrieved on: 
Tuesday, February 16, 2021
Money, Finance, United States housing bubble, Mortgage, Loans, Economy, Foreclosure, Real property law, Urban decay, Mortgage loan

Washington, D.C., Feb. 16, 2021 (GLOBE NEWSWIRE) -- In an effort to further support District residents during the coronavirus pandemic, the District of Columbia Housing Finance Agency (DCHFA) is reopening the HomeSaver foreclosure prevention program.

Key Points: 
  • Washington, D.C., Feb. 16, 2021 (GLOBE NEWSWIRE) -- In an effort to further support District residents during the coronavirus pandemic, the District of Columbia Housing Finance Agency (DCHFA) is reopening the HomeSaver foreclosure prevention program.
  • The HomeSaver program was a successful resource in previous years and by reactivating the program, the Agency provides a resource to help D.C. residents retain ownership of their homes.
  • HomeSaver was launched in 2010 by DCHFA as a part of the HHF initiative to provide funds to unemployed and underemployed District homeowners that were facing foreclosure.
  • The HomeSaver Program will offer lump sum assistance and/or ongoing monthly mortgage payments to eligible District homeowners at risk of foreclosure.

LegalShield’s January Member Service Report Shows Continued Abatement of Consumer Stress and Foreclosed Homes

Retrieved on: 
Monday, February 15, 2021
Finance, Professional services, Residential Building & Real Estate, Legal, Construction & Property, Articles, Economy, Finance, United States housing bubble, Ada, Oklahoma, Criminal law, LegalShield, Mortgage, Foreclosure, Jeff Bell, Eviction, Index

Released today, LegalShields January report on specific services provided to plan members across the country by its exclusive provider attorney network, reflect the continuation of lowered consumer stress and foreclosed homes.

Key Points: 
  • Released today, LegalShields January report on specific services provided to plan members across the country by its exclusive provider attorney network, reflect the continuation of lowered consumer stress and foreclosed homes.
  • LegalShields Consumer Stress Index fell for the 2nd consecutive month proving that stimulus measures are working to alleviate consumer stress.
  • View the full release here: https://www.businesswire.com/news/home/20210215005039/en/
    LegalShield Consumer Stress Index (Graphic: Business Wire)
    Our exclusive legal service provider network received fewer LegalShield member requests concerning bankruptcy, debt collections, foreclosures and evictions, pushing down our Consumer Stress and Foreclosure Indices, said LegalShield CEO Jeff Bell.
  • Highlights from the January 2021 LegalShield Economic Stress Index are as follows:
    The Consumer Stress Index fell (improved) 3.1 points in January to 62.8.

U.S. Foreclosure Activity In January 2021 Continues To Hit All-Time Lows

Retrieved on: 
Thursday, February 11, 2021
Mortgage, United States housing bubble, Money, Finance, Real estate, Foreclosure, Real property law, Urban decay, Forbearance, Mortgage loan, CARES Act, RealtyTrac

"January foreclosure activity declined at least in part due to the Biden Administration's decision to continue the foreclosure moratorium on government-backed loans through the end of March," said Rick Sharga, RealtyTrac executive vice president.

Key Points: 
  • "January foreclosure activity declined at least in part due to the Biden Administration's decision to continue the foreclosure moratorium on government-backed loans through the end of March," said Rick Sharga, RealtyTrac executive vice president.
  • "The moratorium and CARES Act mortgage forbearance program have effectively prevented millions of seriously delinquent loans from entering the foreclosure process.
  • Highest foreclosure rates in Delaware, Louisiana and Florida
    Nationwide one in every 14,164 housing units had a foreclosure filing in January 2021.
  • RealtyTrac.com is the premier foreclosure listing and search portal for investors and consumers looking to gain a competitive edge in the distressed market.

One80 Intermediaries Expands Capabilities to Include Lender-placed Insurance Solutions and Insurance Tracking Products With Acquisition of van Wagenen Financial Services, Inc.

Retrieved on: 
Tuesday, February 9, 2021
United States housing bubble, Money, Finance, Mortgage, Collateral protection insurance, Foreclosure, Mortgage loan, Insurance, Mortgage insurance, Economy

van Wagenen provides lender-placed insurance solutions such as lender-placed coverage for residential and commercial properties, blanket auto and mortgage insurance solutions, and collateral, mortgage impairment, equity and foreclosure protection programs.

Key Points: 
  • van Wagenen provides lender-placed insurance solutions such as lender-placed coverage for residential and commercial properties, blanket auto and mortgage insurance solutions, and collateral, mortgage impairment, equity and foreclosure protection programs.
  • Additionally, the company specializes in insurance tracking products which include mortgage monitoring, auto lease and loan insurance tracking, and commercial real estate insurance tracking.
  • "We are thrilled to diversify One80's product suite to include lender-placed insurance solutions and insurance tracking products," said Matthew F. Power, President of One80 Intermediaries.
  • Other products offered by van Wagenen include commercial real estate stress testing, flood zone determinations, and real estate tax services.

Mortgage Delinquency in November Reaches the Lowest Level Since March, CoreLogic Reports

Retrieved on: 
Tuesday, February 9, 2021
Professional services, Data management, Technology, Residential Building & Real Estate, Construction & Property, Consulting, CoreLogic, Foreclosure, Companies, Articles, Finance

This is the lowest overall delinquency rate since an initial jump in April 2020.

Key Points: 
  • This is the lowest overall delinquency rate since an initial jump in April 2020.
  • Serious Delinquency (90 days or more past due, including loans in foreclosure): 3.9%, up from 1.3% in November 2019.
  • This is the lowest serious delinquency rate since June 2020, pointing to signs of increasing stabilization.
  • CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.

AmeriNat to Use Black Knight's Leading Suite of Servicing and Default Solutions to Drive More Enhanced, Efficient Operations

Retrieved on: 
Monday, January 25, 2021
Mortgage, United States housing bubble, Finance, Money, Financial services, Real property law, Black Knight, Brooklyn, Jacksonville, Fidelity National Financial, Foreclosure, Loss mitigation

The suite includes use of MSP, Black Knight's industry-leading servicing system, as well as its Servicing Digital solution, Actionable Intelligence Platform and default capabilities for loss mitigation, foreclosure and bankruptcy.

Key Points: 
  • The suite includes use of MSP, Black Knight's industry-leading servicing system, as well as its Servicing Digital solution, Actionable Intelligence Platform and default capabilities for loss mitigation, foreclosure and bankruptcy.
  • "Black Knight's fully integrated set of industry-leading solutions will benefit AmeriNat as we continue to drive value and satisfaction for our clients and exceptional service to their borrowers."
  • In addition, AmeriNat will implement Black Knight's suite of default solutions, which includes Black Knight's Loss Mitigation, Bankruptcy and Foreclosure solutions.
  • "By choosing our MSP platform and integrated servicing and default solutions, Black Knight will be able to enhance AmeriNat's well-established servicing operations with the industry's most advanced technologies," said Joe Nackashi, president of Black Knight.

Black Knight's First Look: 2020 Ends With 1.7 Million More Seriously Delinquent Homeowners Than at Start of Year; Foreclosures at Record Low

Retrieved on: 
Friday, January 22, 2021
Mortgage, United States housing bubble, Money, Finance, Foreclosure, Real property law, Urban decay, Mortgage loan, Economy

Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected] .

Guardian Mortgage to Use Black Knight's Suite of Best-in-Class Mortgage Servicing and Default Solutions

Retrieved on: 
Thursday, January 21, 2021
Finance, Money, Mortgage, United States housing bubble, Financial services, Black Knight, Brooklyn, Jacksonville, Fidelity National Financial, Foreclosure, Loss mitigation, Mortgage loan

JACKSONVILLE, Fla., Jan. 21, 2021 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) announced that Guardian Mortgage , a division of Sunflower Bank, N.A., has signed an agreement to use Black Knight's suite of best-in-class servicing and default solutions to enhance its operations and support its growing business.

Key Points: 
  • JACKSONVILLE, Fla., Jan. 21, 2021 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) announced that Guardian Mortgage , a division of Sunflower Bank, N.A., has signed an agreement to use Black Knight's suite of best-in-class servicing and default solutions to enhance its operations and support its growing business.
  • The suite includes use of MSP, Black Knight's industry-leading servicing system, as well as its consumer-facing Servicing Digital solution, the Actionable Intelligence Platform, Order Exchange, Lien Alert and default capabilities for loss mitigation, foreclosure, bankruptcy and invoicing.
  • Guardian Mortgage is implementing Black Knight's suite of default solutions, which includes capabilities for loss mitigation, foreclosure, bankruptcy and invoicing.
  • "Using multiple Black Knight solutions across servicing and default will help Guardian Mortgage drive innovation and excellence through integration for increased success."