...Even if the industry can attract the workers needed, that overall lack of inventory will remain a challenge. A recent ATTOM report examining “zombie homes”—or vacant homes in pre-foreclosure—stands at...
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Foreclosure Filings: A ‘Concerning Picture’ of Future Trends?
According to ATTOM Data’s 2023 U.S. Foreclosure Market Report, foreclosure starts decrease month-over-month, but completed foreclosures remain relatively steady, dropping only 1%. By the numbers, there were a total of...
Read More »Mortgage Delinquency Rate Increases Across YoY, Quarterly Time Frames
...at least one payment past due, but does not include loans in the process of foreclosure. The percentage of loans in the foreclosure process at the end of Q3 was...
Read More »Florida Court Affirms Foreclosure Judgment for HOA
...the Association initiated foreclosure proceedings in 2017 due to delinquent assessments totaling $3,857.07. Belkova delayed the proceedings for years by evading service of process, petitioning three times for bankruptcy protection,...
Read More »FHA Extends Foreclosure Protections to Victims of Maui Wildfires
...them as they navigate next steps with their family.” FHA implemented an automatic 90-day foreclosure moratorium that required mortgage servicers to halt the initiation or completion of all foreclosure actions...
Read More »Homeowner Equity Remained Strong During Q3
...foreclosure in Q3 of 2023, or about one in every 242 mortgaged residential properties in the U.S. Of those facing foreclosure, about 238,200 (or 92%) had at least some equity...
Read More »Feds Seek to Enhance HECMs for Senior Homeowners
...all other assignment eligibility criteria are met. Streamlining requirements for executing alternatives to foreclosure and updating existing incentive payments for successful completion of loss mitigation options. Providing a new incentive...
Read More »Zombie Foreclosures Are Still Very Much a Thing
...at least 100 properties facing possible foreclosure and the highest zombie foreclosure rates are Peoria, IL (12.4% of properties in the foreclosure process are vacant); Indianapolis, IN (9.9%); Cedar Rapids,...
Read More »Fannie Mae Reports $4.7B in Q3 Net Income
...of September 30, 2023, from 0.55% as of June 30, 2023. Single-family seriously delinquent loans are loans that are 90 days or more past due or in the foreclosure process....
Read More »Freddie Mac Sells $19.1 Million in Non-Performing Loans
...loss mitigation, including modification or other alternatives to foreclosure, or are in foreclosure. Mortgages that were previously modified and subsequently became delinquent comprise approximately 33% of the pool balance. Also,...
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