Items Tagged with 'forclosures'

ARTICLES

  • Foreclosure rate falls to near 20-year low

    Rising equity levels push foreclosure rates down
    The share of mortgages in some stage of the foreclosure process fell to 0.4% in December – tying with the previous month for the lowest rate since January 2000, according to the latest report from CoreLogic, which noted that the overall delinquency rate has fallen steadily since the beginning of 2018 to pre-crisis levels not seen since early 2006.
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  • Legal: Reverse Mortgage Documentation

    For years now, we have seen headline after headline about documentation inconsistencies in mortgages causing problems for lenders and servicers who proceed to foreclosure. Concerns have been raised by courts, regulators and state attorneys general about whether required affidavits have the correct form, whether notaries have signed properly, and whether the chain of title is valid. For forward mortgages, the foreclosure process is the lender’s last resort, and is supposed to be an unusual end result for the lender. But for reverse mortgages, foreclosure is a frequent result of the mortgage, and this is all the more reason why it
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