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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators.

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FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Comments from the mortgage industry are due by May 31.

Loans 488
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Q3 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

However, I also argued this would NOT lead to a surge in foreclosures and significantly impact house prices (as happened following the housing bubble) since lending has been solid and most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders.

Equity 113
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Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.6%

Equity 69
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Q2 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

However, I also argued this would NOT lead to a surge in foreclosures and significantly impact house prices (as happened following the housing bubble) since lending has been solid and most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders.

Equity 67
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Part 2: Current State of the Housing Market; Overview for mid-December

Calculated Risk Real Estate

Low Levels of Delinquencies, Foreclosures and Real Estate Owned Last week, I wrote Q3 Update: Delinquencies, Foreclosures and REO. Shelter is still up sharply YoY due to increases in renewals, but with soft asking rents, we know the shelter index will continue to decline. Multi-family housing starts declined 30.0%

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Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

Bank-Owned Properties. Properties that did not sell at auction go into the lending bank’s sole ownership. These are referred to as REO or real estate owned. Notice of auctions can be found in the newspaper and online by searching sheriff sale auctions. . John McCormack, Albuquerque Home Expert.