Americans could face as many as 1.4 million foreclosures if homeowners remain unable to make their mortgage payments. That is according to a recent report from Realtor.com. As was reported earlier this week, the number of FHA loans in forbearance ...
Read More »How Mortgage Delinquencies Could Impact Property Taxes
An atypically high number of mortgage delinquencies and forbearance programs should not significantly affect property tax payments, reported Fitch Ratings, provider of credit ratings, commentary and research, with the caveat that there is an increased possibility of timing delays. The ...
Read More »COVID-19 Worsening Impact of Wildfires
More than 2.5 million acres of California have burned this year, surpassing the state’s previous wildfire seasons for total acreage burned, according to a new data report from CoreLogic, which added that latest Climate Prediction Center forecast extending through November ...
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 »Foreclosure Wave Could Culminate in ‘Major Event’
The near-future will be bringing a wave of foreclosures, according to a Federal Reserve economist, but this will not be at the severe levels experienced in the aftermath of the 2008 economic meltdown. In a presentation titled “Housing Insecurity in ...
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 »How Many Loans are Still in Forbearance?
The Mortgage Bankers Association (MBS)'s Forbearance and Call Volume Survey reported that the total number of loans now in forbearance decreased to 6.87% from 6.93% the previous week. The MBA estimates 3.4 million homeowners are in forbearance plans. Its Forbearance and ...
Read More »Industry Pulse: Executive Moves and Accolades
Sagent, a fintech company modernizing mortgage and consumer loan servicing for American banks and lenders, last week appointed veteran technology leader Uday Devalla as Chief Technology Officer (CTO). The move accelerates Sagent’s vision to improve loan servicing engagement and consumer ...
Read More »Responsibly Addressing Forbearance Costs
"Policymakers Should Maintain Forbearance but Fix Its Costs." That is the title of a new brief published by the Urban Institute’s Housing Finance Policy Center. Research associates Michael Neal, Linna Zhu, and Faith Schwartz explain that mortgage performance following Hurricane ...
Read More »Policies That Could Combat the Affordable Housing Crisis
Several housing advocates recommend policies that could make a difference when it comes to the issue of "housing underproduction," on which the Up For Growth organization published an extensive study. Said investigation showed "nearly every corner of the country bears ...
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