Foreclosure

FHFA: Latest Report on Non-Performing Loan Sales Released

The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through June 30, 2023. Borrower outcomes reflect NPLs sold through December 31, 2022. The sale of NPLs…

FHFA: Third Quarter 2023 Foreclosure Prevention and Refinance Report Released

The Federal Housing Finance Agency (FHFA) today released its third quarter 2023 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 43,356 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,861,827 since the start of conservatorships in September…

OCC: Mortgage Performance for Third Quarter 2023 Reported

The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2023. The OCC Mortgage Metrics Report, Third Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, the same…

HUD: FHA Extends Current Foreclosure Protections for Borrowers in Maui County, HI

To assist borrowers impacted by the August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024. The Federal Housing Administration (FHA) today announced it is extending its existing disaster-related foreclosure moratorium in Maui County, HI, through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity…

FHFA: Report Announced on the Sale of Non-Performing Loans by the Enterprises

The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2022. Borrower outcomes reflect NPLs sold through June 30, 2022. The sale of NPLs…

OCC: Mortgage Performance Report for Second Quarter 2023 Released

The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2023. The OCC Mortgage Metrics Report, Second Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, compared with…

OCC: Improvement in Mortgage Performance for First Quarter 2023 Reported

The Office of the Comptroller of the Currency (OCC) reported an improvement in the performance of first-lien mortgages in the federal banking system during the first quarter of 2023 compared to the previous quarter. The OCC Mortgage Metrics Report, First Quarter 2023 showed that 97.6 percent of mortgages included in the report were current and performing at…

FHFA: First Quarter 2023 Foreclosure Prevention and Refinance Report Released

The Federal Housing Finance Agency (FHFA) today released its first quarter 2023 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 58,268 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,771,101 since the start of conservatorships in September…

CFPB: Guidance Issued to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages

It is illegal for debt collectors to sue or threaten to sue to collect debts past the statute of limitations Today, the Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations. The advisory opinion…

HUD: Assistance Announced for Arkansas in Wake of Severe Storms and Tornadoes

The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster relief for the state of Arkansas to assist state, and local recovery efforts for areas affected by severe storms and tornadoes on March 31, 2023. On April 2, 2023 President Biden issued a major disaster declaration for the counties of Cross,…