Tag Archives: foreclosures

Homeowners slam brakes on refinancing as mortgage rates rise

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Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight. Continue reading →

Individuals to get better shot at buying foreclosed homes

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The Biden administration wants to give owner occupants a better shot at purchasing homes repossessed by HUD, Fannie Mae and Freddie Mac. Continue reading →

With protections lifting, improvement in forbearance numbers slows

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The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading →

Existing-home sales rise for second consecutive month in July

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Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading →

Forget moratorium worries: Here’s why now is the best time to invest in real estate

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Now more than ever, properties are selling well over list price, and buyers are chomping at the bit to purchase. Here’s why you shouldn’t wait to get in on the action. Continue reading →

How agents can nab new inventory as moratoriums expire

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It’s unclear exactly how many properties will be freed up after federal eviction and foreclosure moratoriums expire at the end of July. But whichever way it goes, agents will want to be prepared. Continue reading →

With foreclosures on horizon, RES.NET revamps REO portal

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With a potential surge in home foreclosures on the horizon, RES.NET, a technology platform provider for loan default management, says it’s revamped its real-estate owned portal to support growth and scalability. Continue reading →

National delinquency rate dipped below 5% in April

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The national delinquency rate dipped below 5 percent in April, although nearly 1.8 million homeowners were at least 90 days behind on their mortgage payments, an increase of 1.3 million compared to before the pandemic. Continue reading →

Is the inventory dam about to burst?

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Given the soaring costs we’re seeing in almost every aspect of our lives, the end of forbearance programs and rent moratoriums, coupled with the age of boomers who own 42 percent of the inventory, the inventory dam has definitely started leaking. Continue reading →