The GSEs, Fannie Mae and Freddie Mac, completed nearly 20,000 foreclosure prevention actions in February 2018, according to the latest Foreclosure Prevention Report issued by the FHFA. The exact total of foreclosure prevention actions for February 2018 came to 19,932. ...
Read More »Making Mortgage Forgiveness Tax Relief Permanent
United States tax policy has been in the spotlight in recent months, with President Trump signing the Tax Cuts and Jobs Act into law in December, and experts debating what the long-term impact of the bill will be ever since. ...
Read More »The Long Road to Recovery for Ohio and Foreclosures
Ohio was at the forefront of the housing crisis that the nation has been working to recover from for the past decade. According to a 2016 report by Policy Matters Ohio, there were 40,479 new foreclosure filings in Ohio in ...
Read More »More Consumers Seek Loan Modifications
Consumers sought more non-foreclosure solutions, such as loan modifications, short sales, deed in lieu, and workout plans, for January 2017. These approximated 102,000, compared to 26,000 foreclosure sales.
Read More »Distressed Sales May Reach “Normal” By 2017
The total distressed sales for April 2016 fell again this month and if the current year-over-year decrease in the distressed sales share continues, it will reach that "normal" 2-percent mark in mid-2017.
Read More »Foreclosure Alternatives Grow to New Heights in May
Foreclosure alternatives continued to outpace foreclosure sales by nearly four to one and shows the wide range of options available to homeowners in both the short and long term.
Read More »When Will Distressed Sales ‘Normalize’?
Since hitting their peak in January 2009, the percentage of REO and short sales that make up all residential home sales has been steadily declining. At what point will it reach its "normal" pre-crisis level?
Read More »What’s Driving Down the Cash Sales Share?
Fewer and fewer buyers are paying all cash when they buy a house. What is the reason behind the decline?
Read More »Declining Distressed Inventory Forces a Change in REO Strategy
Distressed sales have been steadily falling since hitting their peak in 2009. Now that the backlog of foreclosures and REO properties has been clearing for years, how is this affecting business?
Read More »Distressed Sales Way Down Despite Slight Seasonal Uptick
The combined share of REO property sales and short sales is less than a third of what it was at its peak nearly seven years ago.
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