As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in the third quarter of 2022, according to a new report from Attom. Continue reading
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio. Continue reading
The number of homes that are in some stage of the foreclosure process rose 27.4 percent compared to the year before, with the number of vacant homes in foreclosure rising for the third straight quarter. Continue reading
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers. Continue reading
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change. Continue reading
The number of vacant properties going through the foreclosure process is on the rise once again, even as fewer total properties lie vacant. Continue reading
While the numbers remain below historical levels, “it’s not going to be a surprise when we see the foreclosure numbers starting to rise,” according to Daren Blomquist, vice president of market economics at Auction.com. Continue reading
More than 500,000 borrowers are in loss mitigation after pandemic relief from monthly mortgage payments expires, according to Black Knight’s latest Mortgage Monitor Report. Continue reading
The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels. Continue reading
Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic. Continue reading