Tag Archives: foreclosure

Housing insecurity ticks down in most states, but some worse off

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Nationwide, the share of households behind on payments and worried about eviction or foreclosure has barely changed from a year ago. Continue reading →

1.7M homeowners still in forbearance as protections expire

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Before initiating foreclosures against borrowers who are 120 days behind on their payments, the Consumer Financial Protection Bureau expects loan servicers to reach out to borrowers and give them a chance to apply for assistance, such as a loan modific… Continue reading →

End of forbearance programs could strain loan servicers

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Forbearance programs that allowed homeowners with government-backed mortgages to put their monthly payments on hold during the pandemic will come to an abrupt end in the months ahead, straining the capacity of loan servicers tasked with helping borrowe… Continue reading →

Eviction and foreclosure moratoriums expire

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Several economists and housing experts share what could unfold for homeowners, renters and the overall economy when the CDC’s eviction and foreclosure moratorium ends on July 31. Continue reading →

1M homeowners face elevated risk of foreclosure when protections lift

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The percentage of homeowners who are behind on their mortgage payments continues to fall, but an estimated 1 million homeowners face an elevated risk of foreclosure when forbearance protections start expiring in September. Continue reading →

Foreclosure watch: The 10 most at-risk US cities

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A new report found that 14.7 percent of the 7.6 million mortgages backed by the Federal Housing Administration were delinquent in May. Continue reading →

Long Island man continues 20-year stint in house on just 1 mortgage payment

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Guramrit Hanspal, who hasn’t made a mortgage payment on his home since 1998, avoided another court confrontation — and eviction — in early July. Continue reading →

Lenders granted some leeway to initiate foreclosures

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Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments. Continue reading →