Despite elevated unemployment concerns last spring and summer, a report released Tuesday signals a full recovery for both the low- and high-priced rental tiers in the single-family rental market. December 2020 data indicated that national low-end rental prices rose 3.3%, compared to high-end price gains of 4.3% in ...
Read More »FHFA Increases Actions to Prevent Home Loss
Foreclosure prevention actions are mounting, according to the Federal Housing Finance Agency. A total of 107,609 were completed by the Enterprises in November—with the total hitting 5,499,159 since September 2008. It marked the start of the conservatorships. Meantime, permanent loan modifications have accounted for about 44% of these ...
Read More »Metros With Increasing Foreclosure Activity
On average, foreclosures across the country have been much lower than they were a year ago. However, according to ATTOM Date Solutions, foreclosure starts are on the rise in a few heavily populated counties. In January 2021, the U.S. Market ...
Read More »Low Supply, Rates Lead to ‘Fierce’ Competition
For the ninth consecutive month, more than half of all offers authored by Redfin real estate agents faced a competing bid, according to a monthly survey by Redfin. The COVID-19 pandemic and resulting surge in remote labor, for many Americans, continues ...
Read More »Even With Record-Low Rates, Most Metros Aren’t Affordable
Interest rates on 30-year mortgages are at historic lows, but that hasn’t helped make homes any more affordable for the average American, according to the Federal Reserve Bank of Atlanta’s Home Ownership Affordability Monitor (HOAM) index. Household incomes have dipped, and ...
Read More »The Week Ahead: Mortgage Servicing in Coming Months
DS News and Sourcepoint present an exclusive discussion of the ongoing impacts of forbearance, foreclosure moratoriums, and the future of mortgage servicing. Join experts from Firstsource Solutions, Flagstar Bank, Shellpoint Mortgage Servicing, Sourcepoint for this complimentary webinar.
Read More »Data Suggests Post-Forbearance Foreclosure Surge Is Unlikely
Researchers have determined two "strong lines of defense" when it comes to the level of loss homeowners could experience.
Read More »Decreased Delinquencies Only Tell ‘Part of the Story’
For the second consecutive quarter, homeowners' ability to make their mortgage payments improved, servicers report, but many face longer-term hardships.
Read More »Low Foreclosure Rates May Obscure ‘Market Reality’
Despite CARES Act protections, some states have reported an increase in foreclosure starts. Here's a look at the state of the market as 2021 began.
Read More »Millennial and Gen Z Savings Priorities
Weddings, babies, houses—here is how this demographic, especially romantic partners, are prioritizing and dealing with finances.
Read More »