Foreclosure

The Five Star Institute, in partnership with SWBC, recently presented a webinar discussing a number of factors facing the U.S. economy and the current mortgage marketplace, and what’s in store for the industry for the remainder of 2023.

In an upcoming webinar geared toward the REO market, a panel of experts will discuss the risks associated with squatters, and how to take the appropriate measures in addressing the problems they cause.

A new white paper from Aspen Grove Solutions delves into how technology can reduce the risk of enforcement actions, consent orders, and curtailments for mortgage servicers in today’s marketplace. (Sponsored Content)

Auction.com has found that nearly one-third of distressed buyers surveyed expect home prices to decline in their local housing market in 2023, nearly double the 17% who expected home prices to decline in 2022.

An upcoming Five Star Institute Webinar will feature a trio of experts discussing the impact of Section 1071 of the Dodd-Frank Act, a rule requiring financial institutions to collect and report data on small business loans.

In order to assist struggling borrowers amid an erratic mortgage rate environment, the FHA has proposed a plan to assist borrowers through temporary reductions to monthly mortgage payments for up to five years.

According to ATTOM, median home values declined in 52% of Opportunity Zones in Q1, standing firmer than other local markets nationwide.

According to CoreLogic, the nationwide delinquency rate dropped to 1.1%, the lowest level reported in 23 years, as the unemployment rate remains near an all-time low.

ATTOM data has found that the number of vacant homes in foreclosure has risen for the fifth consecutive quarter, as zombie properties accounted for the largest share of all homes since before the pandemic.

Early-stage delinquencies (borrowers 30 days late) bore the brunt of the rise, increasing by 200K (+25%), which matches the impact of previous similar calendar-related events.