...Cleveland, OH (3.83 years); Tucson, AZ (3.95 years) and Salem, OR (4.08 years). Lender-owned foreclosures tick upward, but remain low Home sales following foreclosures by banks and other lenders represented...
Read More »Search Results for: foreclosures
Declining Home Prices, Softening Labor Market May Increase Foreclosures
...are concerned about the rising risk of a wave of foreclosures. Yet, foreclosures are the result of two triggers: economic hardship and lack of equity.” The Dual Triggers Necessary for...
Read More »CFPB Issues Further Guidance on ‘Zombie Mortgages’
...of these debt collectors are demanding the mortgage balance, interest, and fees, and threatening foreclosures on families who do not or cannot pay.” Debt collectors now attempting to collect on...
Read More »National Delinquency Rate Drops 15%
...on bills. Factoring in March's decline, the total number of past-due mortgages (including active foreclosures) has fallen to its lowest level in nearly 23 years, dating all the way back...
Read More »Existing-Home Sales Retreated in March
...February and the previous year. Distressed sales – foreclosures and short sales – represented 1% of sales in March, nearly identical to last month and one year ago. According to...
Read More »200,000+ Forced to Move Due to Evictions, Foreclosures in 2022
...in large part due to rising inflation, as well as federal rental assistance running out. These factors caused foreclosures and evictions to spike in 2022, which left thousands of Americans...
Read More »Q1 Foreclosure Activity Trends Upward
...quarter, and up 29% from a year ago. States that had the greatest number of foreclosures starts in Q1 2023 included: California (6,867 foreclosure starts) Texas (6,764 foreclosure starts) Florida...
Read More »Five Star Government Forum Brings Together Mortgage Industry, Government
...and HUD on avoiding increases in foreclosures,” said Taylor Marr, Deputy Chief Economist for Redfin. “It is important to network and connect in person with similar leaders working on housing...
Read More »CoreLogic Estimates $83B-Plus in Tornado Damage Across Central U.S.
...to the resources they need to restore their communities.” Effective immediately, HUD is providing a 90-day moratorium on foreclosures of mortgages insured by the Federal Housing Administration (FHA), as well...
Read More »OCC Report Outlines Decline in Q4 First Lien Mortgage Performance
...foreclosures in Q4 of 2022, a decrease from the prior quarter, but a higher volume than a year earlier. The new foreclosure volume in Q4 of 2022 is lower than...
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