Most Recent Distressed News

Large drop in new defaults may signal reprieve for servicers

Large drop in new defaults may signal reprieve for servicers

A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from...

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HUD trims FHA red tape; groups want MIP cut next

HUD trims FHA red tape; groups want MIP cut next

The Department of Housing and Urban Development has announced 14 changes to the Federal Housing Administration program, claiming eliminating these...

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31 of 50 riskiest housing markets cluster in 4 states  

31 of 50 riskiest housing markets cluster in 4 states  

Of the 50 U.S. counties with the risk for distressed properties, 31 are concentrated in four states, led by Florida,...

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Household debt at a high, risks lurk beneath stable arrears

Household debt at a high, risks lurk beneath stable arrears

Household debt inched up to another record high in the first quarter even though nonmortgage-related debt drifted lower with a...

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A K-shaped split is emerging in mortgage delinquencies

A K-shaped split is emerging in mortgage delinquencies

Mortgage delinquency rates were up in the fourth quarter, with sharper increases in areas with rising unemployment rates and falling...

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Warren seeks records on ‘zombie’ second mortgages after crisis

Warren seeks records on ‘zombie’ second mortgages after crisis

A key Senate leader is requesting records surrounding the cancellation of second mortgages following the Great Financial Crisis and asking...

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FHA borrowers face growing payment challenges

FHA borrowers face growing payment challenges

Mortgage delinquencies increased by 6 basis points from the second quarter, as the performance of Federal Housing Administration-insurance loans declined,...

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Mortgages no longer top payment priority

Mortgages no longer top payment priority

Mortgages no longer sit atop the payment hierarchy, as distressed consumers are 19% more likely to pay their auto loans...

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FHA streamlines distressed mortgage borrower rules

FHA streamlines distressed mortgage borrower rules

The Federal Housing Administration has revised updates planned for rules around contacting and offering options to distressed borrowers. The FHA...

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Fire razes LA enclave bigger than Manhattan

Fire razes LA enclave bigger than Manhattan

Three days after the fire began raging in the Pacific Palisades of Los Angeles, only 8% of it has been contained and...

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