Most foreclosure buyers are local community developers renovating and reselling to owner-occupants. Daren Blomquist of Auction.com examines this market segment and others taking part in home auctions nationwide.
Read More »Duty Free
In the case of Sheen v. Wells Fargo Bank, the California Supreme Court ruled that borrower negligence claims can be limited. Attorney Jonathan D. Fink of Wright, Finlay & Zak, LLP discusses the importance of this decision.
Read More »Foreclosure Filings Up 160% YoY
ATTOM Data, a real estate data company, has released its latest iteration of the Foreclosure Market Report for April 2022 which has found that there were a total of 30,674 properties with foreclosure filings against them, down 8% from March ...
Read More »Seriously Delinquent Borrowers Struggling to Recover
According to CoreLogic, the nation’s delinquency rate in the U.S. in February 2022 hit its lowest recorded point since at least January 1999, as found in its monthly Loan Performance Insights Report. In February of this year, some 3.2% of ...
Read More »Q1 Delinquency Rate Update
According to new data from the Mortgage Bankers Association’s (MBA) National Delinquency Survey, the delinquency rate for mortgages on one-to-four residential properties decreased to a seasonally adjusted rate of 4.11% of all outstanding loans at the end of the first ...
Read More »FHA Amends CWCOT Post-Foreclosure Sales Rule
Under terms of newly issued Mortgagee Letter, the nation’s supply of affordable housing will be expanded, increasing homeownership opportunities for low- and moderate-income homebuyers.
Read More »Nearly Half of All Delinquent Mortgages on Loss Mit Plans
According to the new data released by the Federal Reserve Bank of Philadelphia, it’s predicted that roughly 2.15 million mortgages are either in forbearance or past due, with an estimated 630,000 of those mortgages still in forbearance as of April ...
Read More »Delinquency Rate Drops to Record Low
Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for March 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight’s data, March usually sees the strongest performance of ...
Read More »Foreclosure Activity Increases for Eleventh Consecutive Month
ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for March and the first quarter of 2022 which has found that there was a total of 33,333 properties with foreclosure filings against them, up 29% from February (which ...
Read More »FHA Finalizes Details on 40-Year Mortgage Mod
Geared toward borrowers struggling due to the pandemic, FHA details the latest loss mitigation option to help homeowners remain in their homes.
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