Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

November brought fewer loan mods, declining foreclosures

HOPE NOW records 44K mods, down from 50K

Loan modification activity subsided in November 2013, with only 44,000 mods completed during the month.

That figure is down 12% from 50,000 modifications in October, according to data from HOPE NOW – a private alliance for mortgage servicers, insurers and housing counselors.

HOPE NOW says foreclosure sales also fell 20%, while foreclosure starts declined 17% between the months of October and November.

Since 2007, HOPE NOW has completed 6.8 million loan modifications. About 5.5 million are proprietary mods, while roughly 1.3 million received mods through the government’s Home Affordable Modification Program.

The number of loan delinquencies more than 60 days past due came in at 2.02 million in November, down 1% from 2.04 million in October.

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3d rendering of a row of luxury townhouses along a street

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