Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.
Read More »CFPB Study Finds Nationwide Financial Health Weakened Post-Pandemic
According to a new CFPB survey, more families are having difficulty paying their bills in 2022 than in 2021, while Black, Hispanic, and low-income households are far more likely to have difficulty paying bills and debts.
Read More »Pandemic Migration Could Play Role in November Election
“The pandemic-driven wave of relocation to suburbs and rural areas—which tend to lean more conservative than city centers—made those toss-up places more diverse,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »RMBS Modifications and Repayments Increase Post-Forbearance
As pandemic forbearance plans continue to expire, borrowers are continuing to choose loan modifications and other repayment options going forward. According to Fitch Ratings’ fourth-quarter 2021 Residential Mortgage Backed Servicer Metric Report, servicers reported a decline in loan modifications from ...
Read More »Survey: Three-in-Five Plan to Move in the Next Year
The housing market is currently in a tizzy—prices hit new records seemingly every day, while inventory sits near record lows. Even with the market in its current state, people still need places to live, and overwhelmingly, they found them. Knowing ...
Read More »Fitch: RMBS Servicers Largely Weathered the Pandemic
Thirty-two of the 40 Fitch-rated RMBS firms have received “stable” ratings since being downgraded at the onset of the pandemic.
Read More »White Paper Examines Abandoned Property Law, State-by-State
A new white paper from Legal League 100’s Special Initiatives Working Group brings clarity to determining whether or not a property is deemed abandoned.
Read More »CFPB Examines Servicer Practices in Latest Report
The pandemic brought with it a surge of forbearances, as the CFPB cracked down on servicer regulation as many of the nation’s homeowners struggled.
Read More »Homeownership Remains Key Asset to Americans’ Bottom Line
Homeownership continues to serve as the primary source of wealth accumulation for most middle-class households, according to a new report.
Read More »East Coast Properties More Likely to Suffer COVID-19 Woes
Chicago and New York City remain the most exposed to the potential impact of the pandemic, with housing markets in central and western regions less at-risk.
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