Data for September collected by analysts at CoreLogic showed 6.3% of mortgages in the United States are in some stage of delinquency (that includes loans in foreclosure). Compared to September 2019, the delinquency rate nationwide has increased by 2.5 percentage ...
Read More »Mnuchin Addresses GSEs and Conservatorship
The Treasury Secretary of the United States says Freddie Mac and Fannie Mae will remain government-sponsored throughout the remainder of Donald Trump's presidency, leaving President-elect Joseph Biden to decide the enterprises' fates. Wall Street Journal and Bloomberg report that the ...
Read More »Possible Solutions for Borrowers Unable to Make Payments
Based on its recent research and panel discussions, the Urban Institute on Friday published "Three Ways to Help 3.2 Million Struggling Homeowners." The Institute has discovered that while some 3.7 million homeowners, as of November, had resumed mortgage payments and ...
Read More »Rental Investors Take Interest in Tiny Homes
Tiny houses are not new, but COVID-19 and resultant lifestyle changes are making the movement more popular, according to IPX1031, a Fidelity National Financial Company blog, which conducted a survey of 2,000 Americans to understand how likely they would be ...
Read More »The Week Ahead: Understanding Eviction and Foreclosure Moratoria
Community Solutions and the National Low Income Housing Coalition (NLIHC) host a complimentary webinar Wednesday, December 16 from 2-3:30 pm CT, entitled, "Preventing Housing Instability During COVID-19: Understanding Eviction Moratoriums and Rental Assistance." The organizers say the event will be held in ...
Read More »AMDC Member Company Recognized With Diversity Award
Seven mortgage bankers are being recognized as leaders in inclusion and diversity efforts. Yearly, the Mortgage Bankers Association (MBA) spotlights companies that are outstanding in areas of organizational diversity and inclusion-and-outreach strategies. Five Star Global's American Mortgage Diversity Council (AMDC) ...
Read More »The American Dream of Homeownership is ‘Very Much Alive’
Sarah Paynter, a real estate reporter at Yahoo Finance, The Real Deal, and Newsday, moderated a homeownership demographics-focused panel at Thursday's NAR Real Estate Forecast Summit: Post-Election Outlook. Guests on the panel included Rodney Harrell, VP of Family, Home, and ...
Read More »‘Massive and Timely’ Forbearance Policies Are Important During Crisis
Nearly every metro area in America is experiencing peak seriously delinquent mortgage loans, according to a Health of Housing Markets Report (HoHM Report) from Nationwide economics. Levels are approaching the severity of the 2010 housing bust, economists say, adding that government ...
Read More »Cities That ‘May Be Vulnerable’ to Foreclosures
Foreclosure filings in November are down 14% from the previous month, according to ATTOM Data Solutions' November 2020 U.S. Foreclosure Market Report. It showed a total of 10,042 U.S. properties with foreclosure filings— default notices, scheduled auctions, or bank repossessions. ...
Read More »Distressed Property Investing in 2021 and Beyond
Two knowledgeable real estate veterans hosted a webinar in which they examined U.S. housing, the economy, and foreclosure trends, to name a few things. Rick Sharga, SVP at RealtyTrac, and Daren Blomquist, VP Market Economics at Auction.com Wednesday facilitated "2021 ...
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