"Even though home price appreciation has slowed down dramatically in recent months, homeowners have continued to build equity," said Rick Sharga, EVP of Market Intelligence at ATTOM.
Read More »Pandemic-Era Sellers’ Market Experiences Rapid Decline
As housing affordability continues its decline, the latest analysis from First American projects home price appreciation to fall further as the booming sellers’ market seen in early 2022 has now turned in favor of homebuyers.
Read More »Home Equity Finds New Highs
Home equity hit a new high in the second quarter according to CoreLogic, as homeowners with mortgages gained a collective $3.6 billion year-over-year over the course of a single quarter. According to CoreLogic’s Homeowner Equity Report, homeowners with mortgages (which ...
Read More »Average Homeowner Equity Exceeds $233K
Credit bureau TransUnion has released its second quarter Credit Industry Insights Report which highlighted how the number of consumers with credit cards and personal loans has reached record highs, driven by an increase in loans to non-prime consumers. “Consumers are ...
Read More »Servicers Brace for Rise in Foreclosure Activity
Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact on foreclosure volume.
Read More »Nearly Half of U.S. Mortgaged Residential Properties Considered Equity-Rich
The biggest improvements in the equity-rich share of such properties were in the West and South, while the ratio of equity-rich to seriously underwater properties is now 14 to 1.
Read More »Tappable Equity Makes Record Growth
Black Knight Inc., has released the latest iteration of it Mortgage Monitor Report for December 2021 which looks at record growth in tappable equity and the current for-sale inventory crisis and its effects on the wider market. According to Black Knight ...
Read More »Underwater Homes on the Decline
The most recent edition ATTOM’s U.S. Home Equity & Underwater Report for the fourth quarter shows that nearly half of mortgaged residential properties were considered “equity-rich” meaning that the remaining balance of a mortgage was no more than 50% of their ...
Read More »Income and Equity Rise in Unison Over the Past Decade
As home prices fell about 30% from the peak level in 2006 from 2021, appreciation has rebounded, causing a surge in home purchases.
Read More »After Forbearance: A Return to Normalcy
In a time of struggle, helping your customers get their finances back on track after mortgage forbearance may create customers for life.
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