Tag Archives: REO

From February 2020 to May 2022, investor purchases of single-family homes grew to 20.4% nationwide, but the investor share fell to 16.2% over the past year, as evolving market conditions continue to fuel a decline in investor participation.

In an upcoming webinar geared toward the REO market, a panel of experts will discuss the risks associated with squatters, and how to take the appropriate measures in addressing the problems they cause.

Auction.com has found that nearly one-third of distressed buyers surveyed expect home prices to decline in their local housing market in 2023, nearly double the 17% who expected home prices to decline in 2022.

Florida courts have seen a rise in equitable lien foreclosures in what appears to be an attempt to defraud “unsophisticated and unsuspecting third-party purchasers at foreclosure sales.”

“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.

According to the FHFA’s Q3 2022 Foreclosure Prevention and Refinance Report, the Enterprises completed 69,362 foreclosure prevention actions within the quarter, helping troubled homeowners nationwide to stay in their homes.

However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes to reach historically normal levels.

The FHFA’s latest 2022 Foreclosure Prevention and Refinance Report breaks down Agency data ranging from foreclosures and REOs to forbearance and mortgage performance.

Fannie Mae’s Jacob Williamson discusses how the GSE’s REO repair strategy focuses on innovative solutions to help support the repair and upkeep of properties nationwide.

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. ...