Items Tagged with 'Foreclosures'

ARTICLES

  • U.S. mortgage delinquency rate rises from 18-year low, MBA reports

    Foreclosure inventory drops to lowest since 1995
    The share of U.S. homeowners who paid mortgages late in the first quarter rose from an 18-year low at the end of 2018, the Mortgage Bankers Association said on Tuesday. Even with the increase, the rate was the fourth-lowest on record. The so-called foreclosure inventory, meaning the share of all loans in foreclosure, was 0.92%, the lowest level since 1995.
    Read More
  • Mortgage prepayments near 2-decade low

    Reduced home sales outweighed rate-driven increase
    While interest rates fell in recent weeks, January’s prepayment rate neared a two-decade low, according to the latest First Look report from Black Knight. The report showed seasonal reductions in home sales outweighed any interest-rate-driven increase in refinance incentive.
    Read More
  • ATTOM: Foreclosure activity falls to 13-year low

    YOY foreclosure filings decline for 6th consecutive month
    Foreclosure activity has reached its lowest point since 2005, falling 8% from the previous year, according to ATTOM Data Solutions. Foreclosure filings – which include default notices, scheduled auctions and bank repossessions – were reported on 624,753 properties in 2018, down 78% from their 2010 peak of 2.9 million.
    Read More
  • ATTOM: Foreclosure activity falls to lowest level since 2005

    Only 177,146 U.S. properties listed as foreclosures
    There was a significant decrease in foreclosures at the end of the third quarter of 2018, according to ATTOM Data solutions latest Foreclosure Market Report. Notably, only 177,146 U.S. properties were listed as foreclosures, marking a nearly 13-year low.
    Read More
  • Waters introduces bill to increase FHFA foreclosure oversight

    Seeks to increase oversight of Fannie, Freddie loans
    Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., introduced a new bill that would increase oversight for mortgage servicers who work with Fannie Mae and Freddie Mac. Waters explained borrowers can’t choose their servicer so it’s especially important that Congress provide strong protections to prevent servicers from taking advantage of borrowers and to protect borrowers from foreclosure.
    Read More
  • New York City foreclosures rise to post-crisis high

    Jump nearly 60% in one year
    There haven’t been this many homes in foreclosure in New York City since the housing crisis, but the news isn’t quite as bad as it seems. These foreclosures aren't new. In fact, many of them have been in the works for many years.
    Read More