Hurricane Stricken States Now Seriously Delinquent
Black Knight notes a significant uptick in seriously delinquent mortgages in December. The number of loans that were 90 or more days overdue increased by 60,000 during the month to 726,000.
Similar Posts
Insurer not obligated to pay for attorney defense in overbilling case
ByadminEvanston Insurance Co. was not obligated to pay for the defense and investigation costs of an attorney who was sued in a class action and investigated by the Colorado attorney general because the allegations made against him involved overbilling, not professional services, says a federal appeals court, in affirming a lower court ruling. Foreclosure News
Ask an Attorney: Can I refinance if I have a foreclosure on my credit report?
ByadminQuestion: A few years ago, an investment property of mine was foreclosed on. Since then, I've been focused on rebuilding my credit score and have been careful to avoid anything that would negatively affect my credit. Foreclosure News
Dear Mortgage Lenders – This New Law Is For You
ByadminIn my August post , I discussed two cases. In the Failla case, the Eleventh Circuit affirmed the District Court's opinion that “once the debtor decides to 'surrender' secured property [w]hile the debtor need not physically deliver the property to the secured party, the debtor is precluded from taking any action which would interfere with…
Foreclosure process stretches years longer than a decade ago
ByadminA decade ago, a home in Connecticut could be sold to another party about 12 months after a borrower stopped paying a mortgage. The national average for liquidation timelines in 2016 reached 48 months. Foreclosure News
Murphy picks a ‘consumer’ to regulate NJ banks and insurers
ByadminAssemblywoman Marlene Caride is introduced as Gov.-elect Phil Murphy's nominee for Department of Banking and Insurance commissioner. Gov.-elect Phil Murphy has now picked three assemblywomen for posts in his Cabinet, including Tuesday's selection of attorney, municipal prosecutor and three-term lawmaker Marlene Caride as commissioner of the Department of Banking and Insurance. Foreclosure News
Homeowners stretched too thin: Report
ByadminA news report from RBC said that as home prices continue to climb, fewer homeowners feel they can weather the storm if there was a downturn in the housing market. The report goes on to say that a growing number of homeowners admit they'd be concerned if their mortgage payments went up by 10 per…