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?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

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.

JPMorgan leads big banks in residential foreclosure volume, survey finds

JPMorgan Chase, Bank of America and Wells Fargo, respectively, hold the most residential one-to-four family homes in foreclosure, according to analytics provider SNL Financial. JPMorgan (JPM) has $19.5 billion, 7.5% of its residential mortgages, in foreclosure while BofA (BAC) has $18.7 billion, 4.39 %, and Wells Fargo (WFC) has $17.5 billion, 4.74%, in foreclosure. In addition to its $18.7 billion in foreclosure, BofA also has $87.94 billion in foreclosures that it services for others, according to SNL Financial. JP Morgan has $54.5 billion for in foreclosures serviced for others and Wells Fargo has $36.4 billion, according to June 30 SNL data. A one-to-four family home is a residential mortgage that serves as a primary residence and therefore must be owner-occupied. Barclays Group US, Ally Financial and New York Private Bank & Trust have the highest percentage of homes in foreclosure. Barclays Group has $495 million, 17.74% of its residential mortgages, in foreclosure. New York Private Bank has $378 million, 12.05%, and Ally has $2.2 million, 10.16%, in foreclosure. Attorney Generals from all 50 states are launching investigations to review foreclosure practices within their own states. Ariana Garza is an editorial assistant at HousingWire. The author holds no relevant investments.

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

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