...help those in need financially during this economic downturn?" To which Shafroth replied, "Adopting a policy which permits deferral of property foreclosures: that was a critical element in Detroit’s recovery...
Read More »Search Results for: foreclosures
Areas at Highest Risk of a Foreclosure Surge
Americans could face as many as 1.4 million foreclosures if homeowners remain unable to make their mortgage payments. That is according to a recent report from Realtor.com. As was reported...
Read More »Is There a ‘Zombie Apocalypse’ Ahead for Vacant Properties?
...that this quarter, zombie foreclosures have parachuted. Given the total cost of upkeep becomes their responsibility, such foreclosures are a costly proposition for banks. Undesirable neighborhoods with low property values...
Read More »Foreclosure Wave Could Culminate in ‘Major Event’
The near-future will be bringing a wave of foreclosures, according to a Federal Reserve economist, but this will not be at the severe levels experienced in the aftermath of the...
Read More »Responsibly Addressing Forbearance Costs
...that public policy can help lessen its impact on foreclosures. It also noted that the negative impact of a disaster disproportionately targets Black and Hispanic borrowers, thus, the potential policies...
Read More »Policies That Could Combat the Affordable Housing Crisis
...compensate for "population loss or stagnation." He added that issues including COVID-related foreclosures, lack of funding to rehabilitate properties, and lack of government assistance in making housing more affordable underscore...
Read More »Headed for a ‘Foreclosure Surge’
...of the year will hold. A panel of real estate experts forecast what they anticipate for the final months of 2020, including a "substantial increase in foreclosures, short sales, and...
Read More »FHFA Releases Latest Mortgage Relief Numbers
...2.58% at the end of the second quarter. This compared with 7.96% for Federal Housing Administration (FHA) loans, 3.98% for VA loans, and 4.26% for the industry average. GSE foreclosures:...
Read More »Serious Mortgage Delinquency Rates on the Rise
...and moratoriums on foreclosures, as has been the cause, there’s been a quieting of foreclosures. The national delinquency rate increased by 90.22%, according to Black Knight's latest Mortgage Monitor Report,...
Read More »CDC-Issued Eviction/Foreclosure Moratorium Targeted by Lawsuits
Early this month the CDC ordered a halt on foreclosures and evictions through the end of 2020. At the time, some pundits predicted resistance, which is occurring in the form...
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