...federal and state foreclosure moratoriums have been lifted, the number of distressed property listings remains near historic lows. This month the count of distressed listings represented just 4.3% of all...
Read More »Search Results for: foreclosure
Foreclosure Filings Up 160% YoY
...Looking at April 2022, the national foreclosure rate was 1-in-4,580 units. States with the highest foreclosure rates were Illinois (one in every 2,241 housing units with a foreclosure filing); New...
Read More »McCalla Raymer Leibert Pierce Opens Oregon Office
...and mortgage banking industries, handling a full range of regulatory compliance issues, legislative issues, residential and commercial foreclosures, retail closings, commercial transactions, commercial litigation, bankruptcies, evictions, and related litigation matters...
Read More »Seriously Delinquent Borrowers Struggling to Recover
...February 2021. Serious Delinquency (90 days or more past due, including loans in foreclosure): 1.6%, down from 3.7% in February 2021 and a high of 4.3% in August 2020. Foreclosure...
Read More »Q1 Delinquency Rate Update
...loan workouts. The expiration of pandemic-related foreclosure moratoriums led to a modest increase in foreclosure starts from the record lows maintained over the past two years. At 0.19%, the foreclosure...
Read More »FHA Amends CWCOT Post-Foreclosure Sales Rule
...be adding an initial 30-day exclusive sales period for Claims Without Conveyance of Title (CWCOT) post-foreclosure sales for owner-occupants, HUD-approved non-profits, and governmental entities. The CWCOT program, implemented under Mortgagee...
Read More »Fed Raises Rates to Curb Inflationary Concerns
...mortgage rates go up much more," Kushi continued. "With house prices unlikely to fall due to ongoing supply-demand imbalance, and equity already sky high, the risk of foreclosure in mortgage-backed...
Read More »Nearly Half of All Delinquent Mortgages on Loss Mit Plans
...1, 2022. In January, foreclosure starts rose to an estimated 56,000, consistent with pre-pandemic levels. February and March recorded another 37,000 and 36,000 foreclosure starts, respectively. While these numbers are...
Read More »Delinquency Rate Drops to Record Low
...not in foreclosure): 2.84% Month-over-month change: -15.46% Year-over-year change: -43.46% Total U.S. foreclosure pre-sale inventory rate: 0.32% Month-over-month change: 3.70% Year-over-year change: 3.94% Total U.S. foreclosure starts: 24,300 Month-over-month change:...
Read More »Foreclosure Activity Increases for Eleventh Consecutive Month
...in every 4,215 properties had a foreclosure filing. States with the highest foreclosure rates in March 2022 were Illinois (one in every 1,825 housing units with a foreclosure filing); New...
Read More »