In areas like Napa and Sonoma Counties, competition for housing has increased exponentially. It's one result of devastating wildfires that have cut a swath through many parts of California, according to Realtor.com. Those who lost their homes need to plant ...
Read More »Number of Active Forbearances Experiences a Spike
According to the daily loan-level data on the Black Knight blog, the numbers of mortgages in active forbearance increased for the first time in six weeks. Those totals increased by 21,000 week-over-week. The spike was abetted mainly by a bounce ...
Read More »Is There a ‘Zombie Apocalypse’ Ahead for Vacant Properties?
In light of the indomitable presence of COVID 19, many zombie foreclosures have spiked across the U.S. with Americans battling to keep up with their mortgage payments, according to ATTOM’s most recent vacant and zombies foreclosure report. The report poses ...
Read More »Americans’ Credit Conditions, By State
When it comes to credit, the reverberations of COVID-19 are shaking some states more vigorously than others, according to an Annual CardRatings state-by-state study. States in the best position to bear the brunt of this year’s economic uncertainty are reflected ...
Read More »Serious Mortgage Delinquency Rates on the Rise
In August, the daylight between early-stage delinquencies and seriously past-due mortgages continued to swell, according to Black Knight's "first look" at August's month-end mortgage performance statistics, which covers the majority of the national mortgage market. On the heels of falling ...
Read More »The Push for Policymakers to Utilize ‘Groundbreaking’ Housing Data
Researchers from the think tank New America said that with eviction or foreclosure costing millions of Americans their homes every year, they are asking policymakers to more effectively leverage their new county-specific data on housing loss to target coronavirus aid. ...
Read More »Despite Aid, Some Borrowers Still Unable to Pay Bills
Earlier in the year, while the CARES ACT did its part to offset the financial toll, in light of the lack of a new bipartisan deal, many people are scratching their heads as they wonder how to satisfy their financial ...
Read More »Housing Sentiment Regains Momentum
Last month, there was an uptick of 3.3 points to 77.5 in the Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index (HPSI), according to FannieMae.com. That’s a rebound following a slight drop in July and builds on the rise in May and ...
Read More »No Relief For Three Million-Plus Borrowers
Coronavirus mortgage bailouts have helped a large number of Americans, but many still cannot pay, or are not paying, what they owe. Recently data collection outfits reported a larger than anticipated bounce in the number of borrowers in public and ...
Read More »Mortgages in Forbearance Down From Peak
Call it bust out time for mortgages in active forbearance. After staying the course for the last couple of weeks, they more than found their footing by improving more dramatically than anticipated, receding over the last week by 147k (-4%), according to Blackknightinc.com, ...
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