...four out of five of the PHAs with the most participants serve majority Black non-Hispanic households in their programs: Philadelphia, Chicago, New Orleans, and Louisville. Foreclosures and non-payment are uncommon....
Read More »Search Results for: foreclosures
Gauging the Reach of Federal Homeowner Assistance
...to $9.961 billion in financial relief for homeowners nationwide. HAF’s purpose is “to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners...
Read More »Western, Upscale Markets Bearing Brunt of Market Slowdown
...seen in the first quarter of this year—based on changes in home price, home affordability, underwater mortgages and foreclosures since the second quarter of 2022—revealed that almost half of the...
Read More »Equity, Unemployment Rates Keeping Mortgage Delinquencies at Historic Lows
...decades in March, while foreclosures also remained near a historic low. As in previous months, several metro areas on Florida’s Gulf Coast continue to see elevated serious delinquency rates as...
Read More »One in 80 U.S. Homes Reported Vacant in Q2
...zombie foreclosures Lake County, Illinois (outside Chicago), where 9.9% were zombie foreclosures Marion County (Indianapolis), Indiana, where 8.5% were zombie foreclosures Among zip codes with at least 1,000 residential properties,...
Read More »‘Glass Half-Full, Half-Empty’: Examining April Existing-Home Sales
...to March and one year ago. Distressed sales5 – foreclosures and short sales – represented 1% of sales in April, unchanged from last month and the prior year. According to...
Read More »Foreclosure Starts and Completions Down From April
...month,” said Rob Barber, chief executive officer at ATTOM. “While there is no apparent indication of a continued decline in the number of foreclosures, it’s important to note that the...
Read More »Legal League Assembles With Servicers for Spring Summit
...predictions on whether foreclosures will rise, if loss mitigation will provide meaningful options, and whether third-party sales will continue to remain near record highs. The day was closed out with...
Read More »Measuring the Reach of NY’s Foreclosure Abuse Prevention Act
...revive or reset the limitations period to commence an action and to interpose a claim, unless expressly prescribed by statute.” The Legislature further designed FAPA to apply even to foreclosures...
Read More »Does California’s First-Look Law Apply to Servicers or Investors?
...statutes (where we first saw the 175+ threshold), very clearly look at whether the loan servicer handles 175 or more qualifying foreclosures. In turn, it would make sense then that...
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