Latest updates for Mortgage Default

Fresh curated links around mortgage default are collected here so marketers can spot useful updates and turn timely ideas into posts faster.

Recent items include:

  • Georgia apartment complex faces receivership as Freddie Mac alleges default
  • Fannie Mae sues Houston apartment borrower, seeks receiver over alleged default
  • Receiver requested on DTLA’s Metropolitan after Fallas family’s $32M default

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mpamag.com /1 week ago

Georgia apartment complex faces receivership as Freddie Mac alleges default

A missed payment streak, unpaid utilities, and inspectors flagging life-threatening conditions

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mpamag.com /2 days ago

Fannie Mae sues Houston apartment borrower, seeks receiver over alleged default

Three allegedly missed payments, unfinished repairs, and a $5.66M loan in the crosshairs

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therealdeal.com /1 month ago

Receiver requested on DTLA’s Metropolitan after Fallas family’s $32M default

The Fallas family’s Metropolitan building in Downtown Los Angeles’ Historic Core moved a step closer to receivership and foreclosure. A special servicer for the lender and commerci...

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therealdeal.com /3 weeks ago

Metlife requests receiver on Rockpoint’s Miracle Mile office tower, alleging default

Metlife wants Rockpoint to cede control of a Miracle Mile office tower. In a complaint dated early June, the lender claims the owner is in default on a roughly $164 million loan. ...

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timesofindia.indiatimes.com /1 month ago

What happens when you stop paying your home loan EMIs? Here's what the bank can do

Missing home loan EMIs triggers a legal process, potentially leading to property auction. After 90 days of non-payment, your loan becomes an NPA. Lenders then issue a 60-day demand...

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biggerpockets.com /2 weeks ago

Mortgage Defaults and Foreclosures Are Surging in Key Markets: What Investors Need to Know

Foreclosures are way up. According to HousingWire, they rose 14% year over year in May, while analytics and data site ATTOM reports a 26% jump in the first quarter compared […]

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mpamag.com /1 month ago

Mailing an EMAP notice clears a Connecticut foreclosure, court tells mortgage servicers

One unclaimed envelope decided a seven-figure foreclosure – and the borrowers learned it too late

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mpamag.com /1 month ago

Attorney accuses Freedom Mortgage of botched servicing, $9,588 insurance charge

He says the servicer denied placing insurance - then a $9,588 charge showed up

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mpamag.com /1 month ago

Attorney accuses Freedom Mortgage of botched servicing, $9,588 insurance charge

He says the servicer denied placing insurance - then a $9,588 charge showed up

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mpamag.com /1 month ago

US mortgage delinquency holds steady in April

ICE data shows the national delinquency rate unchanged, but serious delinquencies and foreclosure inventory continue to climb year on year

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therealdeal.com /1 month ago

Marriott hotel by LAX in receivership post-$45M default

A hotel about a half-mile away from LAX’s entrance was placed in receivership, according to court documents dated late May.  The court appointed GF Hotels and Resorts’ Jeff Kolessa...

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mpamag.com /2 weeks ago

FHA foreclosure pressure builds as May delinquency rate ticks up

ICE data shows serious delinquencies up year over year despite stable headline numbers

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mpamag.com /1 month ago

Lost note sinks foreclosure after Connecticut court faults servicer affidavits

What three sworn affidavits forgot to say – and why it cost the lender everything

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mpamag.com /1 week ago

Homeowner sues Mr. Cooper and Shellpoint over stalled loan assumption

A written approval, a servicing transfer, and a payoff that still doesn't add up

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moneysense.ca /1 month ago

What happens when your landlord misses mortgage payments?

If your landlord defaults and the home is sold, your tenancy may still be protected—but rules vary by province. Here’s what tenants should know. The post What happens when your lan...

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mpamag.com /1 month ago

Hawaii court blocks lender foreclosure despite borrower nearly fully paying settlement

The borrower paid almost everything. One overlooked accounting slip still nearly cost them the keys

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canadianmortgagetrends.com /1 month ago

Landlord hasn’t paid the mortgage? Know your tenant rights in event of power of sale

You held up your end of the bargain and paid your rent on time — only to learn your landlord failed to keep up with mortgage payments and the home may need to be sold. 

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mpamag.com /1 month ago

Alabama court guts U.S. Bank REO sale in wrong-house mortgage servicing blunder

One missed survey. One wrong address. One six-figure judgment heading back to court

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allthecanadianpolitics.tumblr.com /1 month ago

https://www.cbc.ca/news/business/mortgage-delinquencies-up-9.7212533

Canadians increasingly struggle to keep up with mortgage payments, report says | CBC News

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mpamag.com /1 week ago

Shellpoint force-placed flood insurance on a covered condo, foreclosure suit alleges

Five error notices, one refund, and a foreclosure the borrower says never should have happened

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moneytalksnews.com /1 month ago

Mortgage Delinquencies and Foreclosures Are Rising, a Worrisome Sign

Foreclosure inventory just hit a six-year high, and experts say the borrowers who stretched to buy homes in 2022 and beyond are falling behind the fastest.

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canadianmortgagetrends.com /1 month ago

Falling home prices could trap some Toronto borrowers at renewal: BoC

The Bank of Canada says most borrowers have managed higher renewal payments, but reduced equity is limiting refinancing options for a concentrated group of highly indebted homeowne...

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mpamag.com /1 day ago

Condo associations could face sink-or-swim moment under new lending rules

Failing a single Fannie Mae or Freddie Mac criterion could freeze financing for an entire condo association, lender warns

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propertyindustryeye.com /1 week ago

Mortgage payment shock to hit millions of borrowers, Bank warns

Bank of England says higher market interest rates will leave millions paying more when they refinance

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Sources covering Mortgage Default

allthecanadianpolitics.tumblr.com

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propertyindustryeye.com

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therealdeal.com

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timesofindia.indiatimes.com

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biggerpockets.com

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canadianmortgagetrends.com

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