ATTOM released its Q2 2022 U.S. Home Sales Report, revealing that profit margins on median-priced single-family home and condo sales across the United States hit another new record of 55.5%, following the largest quarterly gain in a decade. On the ...
Read More »U.S. Foreclosure Starts Up More Than 440% Year-Over-Year
That’s according to Black Knight data, which also reported a national delinquency rate of 2.84% in June, with foreclosure starts increasing nearly 30% during the month.
Read More »Foreclosure Starts Up in First Half of 2022
ATTOM reports foreclosure activity creeping up over the first six months of the year, rising 153% year-over-year, but down just 1% from pre-pandemic times of just two years ago.
Read More »Pumping the Brakes
Jim Albertelli and Stacy Mestayer of Voxtur explain why the housing slowdown could prove to be a boon for mortgage servicing.
Read More »Which Counties Are Most At-Risk of Economic Decline?
Releasing its new Special Housing Risk Report, ATTOM Data spotlights county-level data revealing that areas in California, Illinois, and New Jersey have the highest concentrations of counties that are in danger of economic declines in the near future. Basing their ...
Read More »Boosting Borrower Responsiveness in a Time of Crisis
Breaking down communication barriers during the loss mitigation process is key for any servicer. Amy Neumann of Flagstar discusses how to establish and maintain these vital lifelines with struggling borrowers.
Read More »Foreclosure Update: The “Slow, Steady Climb Back to Normal”
ATTOM has released the 2022 U.S. Foreclosure Market Report for May, showing there were a total of 30,881 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 1% from a month ago, but up 185% from ...
Read More »Statutory Requirements: Strict Construction or Strict Compliance?
Make sure that your Section 1304 notices do not include anything beyond what the statute expressly prescribes, and it is mailed in a separate envelope. Arsenio Rodriguez and Ali Degan Esq. from Stern & Eisenberg, P.C. explain this crucial detail.
Read More »McCalla Raymer Leibert Pierce Opens Oregon Office
Provider of legal services to the mortgage banking industry opens new Pacific Northwest office, and adds three new attorneys to its practice.
Read More »Attention to Detail
As the CFPB swings into full enforcement mode with loss mitigation underway, Meghan Jones-Rolla of Mortgage Connect discusses how the industry is handling the Bureau’s mandate of “unprepared is unacceptable.”
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