Interest Rates Taking a Toll on Mortgage Prepayments
Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate was down 29.83 percent compared to December.
Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate was down 29.83 percent compared to December.
But that program is almost at an end, even though Nevada's foreclosure rate remains about 33 percent higher than the national average. The Foreclosure Mediation Program ends June 30, but there's a move afoot in the Legislature to extend it. Foreclosure News
Legal Aid agencies face losing a large percentage of their funding under President Donald Trump's budget proposal, which could hurt some poor people's ability to get legal assistance for issues like domestic-violence restraining orders or home foreclosures. Trump recommends eliminating funding for Legal Services Corp., which is currently appropriated $ 385 million . Foreclosure News
Fannie Mae has expanded the menu of post-disaster services it is offering to its borrowers. The new services are in addition to the up to 12 months of forbearance, waived fees, and temporary foreclosure moratorium that Freddie Mac and Fannie Mae traditionally offer in the wake of hurricanes, wildfires, and other disasters. Foreclosure News
A recent appeal to the Fourth Circuit may shed light on whether Virginia borrowers can assert federal mortgage servicing requirements as a defense to foreclosure when the mortgage instrument pre-dates the federal requirement. In Stansbury v. Foreclosure News
When we visited Ellisa Atherton's living room in Ajax, Ont., in early March, it was crammed – wall to wall to wall to wall – with boxes. In the middle of the room, walled in by boxes, was the family's Christmas tree – Atherton had put it up so it could be a 'real Christmas'…
I'm looking to buy a new home, and I've noticed that there are a couple of “short sale” and foreclosed homes in the area where I'm interested in living. These homes are priced substantially lower than others, and I'm wondering what the catch is. Foreclosure News