The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

Mortgage

Number of homeowners facing foreclosure approaches 20-year low

Underwriting, income and house prices play a role

The share of mortgages in foreclosure just fell to the lowest rate in 19 years, according to the latest report from CoreLogic.

In January, the share of foreclosures fell to 0.4%, tying with December and November for the lowest rate in the 2000s.

And, the percentage of mortgages that were in some stage of delinquency – or 30 days or more past due – also fell. The data shows delinquent mortgages totaled just 4% in January – the lowest rate for the month in at least 20 years.

According to CoreLogic, elevated home prices, income growth and improved mortgage underwriting have helped homeowners stay current on their payments.

The data revealed that delinquencies in all stages declined in the first month of this year.

Early stage delinquencies – or mortgages that are 30 to 59 days past due – fell 2% from the previous year, and delinquencies in the 60- to 89-day range fell 0.8% from last year.

Meanwhile, the serious delinquency rate – which includes loans in foreclosure – fell 2.1% from the previous year to just 1.4%, the lowest rate since September 2006.

CoreLogic President and CEO Frank Martell said he expects delinquency rates, which are down in almost all parts of the country, to continue their decline

“As the economic expansion continues to create jobs and low mortgage rates support home buying this spring, delinquency rates are likely to trend lower during the coming year,” said Martell.

 

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