Lenders granted some leeway to initiate foreclosures

Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments. Mortgage lenders will soon have more leeway to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments, but only in cases where borrowers have been given the chance to … Read more

Spike in refis led last year’s home-lending boom, new data shows

Lenders in 2020 refinanced more than twice as many loans as they reported the previous year, a dramatic feature of the pandemic lending boom. The number of homeowners refinancing their mortgages more than doubled last year, driving a boom in home lending during the early months of the pandemic, new federal data shows. Lenders in … Read more

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