OCC: Mortgage Performance Declines in First Quarter
The share of current and performing first-lien mortgages in the first quarter of 2021 was 94.2%, down from 96.5% a year ago, according to the Mortgage Metrics Report released by the OCC today.
Browsing: Foreclosures
CFPB Finalizes Rule to Assist Borrowers Affected by COVID-19
As expected, the Consumer Financial Protection Bureau today finalized a rule to facilitate streamlined loan modification efforts and establish a temporary COVID-19 emergency pre-foreclosure period under Regulation X that would prohibit servicers from making the first notice or filing required to initiate foreclosure until Dec. 31.
FHFA: Fannie, Freddie Sold More than 130,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 130,808 nonperforming loans as of Dec. 31, 2020, with a total unpaid balance of $24.5 billion, according to the Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency.
FHA Updates Single Family Housing Policy Handbook
The Federal Housing Administration this week announced updates to its Single Family Housing Policy Handbook 4000.1 that address servicing and loss mitigation.
OCC: Mortgage Performance Declines in Fourth Quarter
The share of current and performing first-lien mortgages in the fourth quarter of 2020 was 93.3%, down from 96.5% a year ago, according to the Mortgage Metrics Report released by the OCC today.
CFPB Report: Share of Delinquent Mortgages Doubles During Pandemic
The number of homeowners that are behind on their mortgage has doubled since the beginning of the pandemic, with 6% of mortgages in delinquency as of December 2020, according to a new report issued by the CFPB today.
Biden Administration Extends Foreclosure Moratorium, Mortgage Forbearance
To help provide relief to many homeowners currently in forbearance due to COVID-19, President Biden today announced an extension of certain foreclosure moratoriums and mortgage forbearance programs that were set to expire in March.
Freddie Mac and Fannie Mae Issue Guidance on COVID-19 Relief Extensions
Following an announcement from the Federal Housing Finance Agency this week extending forbearance on GSE-backed mortgages for up to an additional three months, Freddie Mac today issued guidance on how it will implement the extension.
OCC: Mortgage Performance Declines in Third Quarter
The share of current and performing first-lien mortgages in the third quarter of 2020 was 92.5%, down from 96.4% a year ago, according to the Mortgage Metrics Report released by the OCC today.
FHFA: Fannie, Freddie Sold More than 128,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 128,471 nonperforming loans as of June 30, 2020,…