Michael Krein, President of the National REO Brokers Association, explains how things have changed dramatically in the way the default and foreclosure world operates.
Read More »2023 U.S. Foreclosure Activity Snapshot
A new report notes that 2023 foreclosure filings were up from 2022 but still below pre-pandemic levels. "Reflecting on 2023, we see the recent rise in foreclosure activity as a market correction rather than a cause for alarm. It signals a return to more traditional patterns after years of volatility," said Rob Barber, CEO at ATTOM.
Read More »Rising Foreclosure Starts: Navigating The Challenges And Leveraging Innovative Solutions
While the need for more staff increases during a rise in foreclosure starts, during quieter times, it becomes economically unviable to maintain a large staff. Travis Britsch discusses how unpredictable variability poses a daunting challenge for trustees and attorneys.
Read More »This Year’s Housing Market Continues to Favor Sellers
Five Texas metros topped the top 10 list of best places to purchase a home, according to a new study from WalletHub, which examined the strongest local real-estate markets throughout the U.S.
Read More »Foreclosure Filings Up 5% Year-Over-Year in July
ATTOM reports that nationwide, one in every 4,380 housing units reported a foreclosure filing in July 2023, with Maryland leading the pack with one in every 2,071 housing units reporting a foreclosure filing.
Read More »These States Topped Overall Mortgage Delinquency Rates as National Rate Declines
After the addition of nearly four million jobs nationwide in the last year, CoreLogic reports that a solid job market continues to help borrowers pay their mortgages on time, pushing the overall mortgage delinquency rate to a historic low in May.
Read More »Strong Jobs Market Forces Down Delinquencies and Foreclosures in 2022
According to CoreLogic, foreclosure rates remained near record lows to close out 2022, as healthy employment numbers helped borrowers remain current on their payments.
Read More »Housing Gains Have Slowed Significantly Since Q2 2022
After more than a decade of overheated growth, the rapid increase in mortgage rates helped stall progress in the U.S. housing market in 2022.
Read More »Nationwide Foreclosure Starts Hit Pre-Pandemic Levels
ATTOM has released its August 2022 U.S. Foreclosure Market Report, revealing a total of 34,501 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 14% from a month ago, and up 118% from a year ago. ...
Read More »Foreclosure Update: The “Slow, Steady Climb Back to Normal”
ATTOM has released the 2022 U.S. Foreclosure Market Report for May, showing there were a total of 30,881 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 1% from a month ago, but up 185% from ...
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