Foreclosure/Bankruptcy

MBA reports that a slip in sales transaction and refi volumes has meant less new debt was extended in the third quarter.

As we approach a new year, MortgagePoint took the temperature of industry experts to see what lies ahead for a market that trudged through 2023 hampered by the convergence of rates reaching 20-year highs, a shortage of housing inventory, and inflated home values.

A recent report from New Western has found that single-family real estate investors could play a key role in solving the nation’s housing shortage by fixing up unlivable homes and putting them back on the market.

A monthly report shows that states with the highest number of foreclosure starts include the red-hot real estate markets of California, Florida, and Texas.

CMBS See Large Uptick in Delinquencies Compared to Other Investor Groups

Firm will rebrand as Incenter Capital Advisors, to be led by Tom Piercy in the role of Chief Growth Officer and JB Long, who steps into the new position of President.

Attorney Ian Dolan examines a recent Florida case where the court affirmed the entry of a judgment of foreclosure despite the mortgagor’s claim that a reformation was barred by the statute of limitations. Full details on the case after the link.

Dan Sogorka of Sagent discusses the latest trends in the fintech space for mortgage servicers and the factors that will sway the housing market over the next 12 months.

Interim CEO and COO of Altisource’s Alternative Lending Group announces resignation as the company opens search for successor.

While commercial bankruptcies were up over 140% year-over-year, individual bankruptcy filings also increased year-over-year, putting additional stress on the economy.