Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Leslie Rouda Smith, president of the NAR, used her own letter to the FHA to explain the trade group has been “concerned” about the pandemic’s impact on the housing market.

Loans 412

Loans Industrial Mortgages Real-estate owned 412

Housing Wire

FEBRUARY 13, 2024

“However, other external factors may be at play such as escalating interest rates , inflation , employment shifts , and other market dynamics. properties through completed real estate-owned (REO) foreclosures in January. We remain vigilant in monitoring these trends to understand their full impact on foreclosure activity.”

Real-estate owned 456

Real-estate owned Banks Marketing Mortgages 456

Housing Wire

FEBRUARY 25, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. According to FHFA director Mark Calabria, borrowers and the capital markets investors both benefit from consistent treatment.

Mortgages 513

Mortgages Real-estate owned Finance Loans 513

Housing Wire

FEBRUARY 9, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. ” What role can mortgage brokers play in fair housing? For the third month in a row, the Mortgage Bankers Association estimated 2.7

Real-estate owned 539

Real-estate owned Finance Equity Mortgages 539

Housing Wire

JANUARY 20, 2021

Brian Deese, Biden’s choice to lead the National Economic Council , said the president will call upon the Centers for Disease Control and Prevention and the departments of Veterans Affairs , Agriculture and Housing and Housing and Urban Development , to aid in an immediate extension of their federally backed mortgages. 28, 2021.

Loans 542

Loans Real-estate owned Mortgages Finance 542

Calculated Risk Real Estate

DECEMBER 13, 2023

Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-December I reviewed home inventory and sales. Historically it takes a number of years for real prices to return to the previous peak, see House Prices: 7 Years in Purgatory. YoY and mortgage rates at 7.09%, would be $2,792 - an increase of 13%.

Marketing 107

Marketing Principal Mortgages Real-estate owned 107

Housing Wire

JULY 30, 2021

““The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments. The White House last week announced a number of options for borrowers with federally-backed mortgages to reduce their monthly payments. Other federal agencies are expected to follow suit.

Finance 457

Finance Commercial Real-estate owned Banks 457

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

Technology 397

Technology Mortgages Commercial Inspection 397

Housing Wire

NOVEMBER 11, 2020

Sutherland Mortgage Services President Krish Swaminathan discusses the next wave of servicing, how servicers can best communicate with their customers and the technology available to help with compliance, even in a work-from-home environment. How servicers can prepare for potential default wave. Presented by: Sutherland. properties.

Banks 457

Banks Real-estate owned Staging Mortgages 457

Housing Wire

APRIL 8, 2021

If a property reverts back to the foreclosing lender at the foreclosure sale and becomes real estate owned (REO), the distressed homeowner is not due any surplus proceeds from a subsequent sale of the REO property.”. 36,000 Surplus per Sale. 36,000 Surplus per Sale.

Equity 403

Equity Short sale MLS Sales 403

Housing Wire

NOVEMBER 28, 2023

Require government-owned homes to be sold to non-profits or owners who will live in them Foreclosures have been low in recent years, but in downcycles, foreclosed real estate owned by the federal government has been a more substantial percentage of the overall market.

Land 374

Land Construction Real-estate owned Equity 374

Real Trends

MARCH 7, 2022

Politicians have called for boycotts of Russian oil, and some have even called for seizure of American real estate owned by Russian oligarchs. housing market will likely be marginal. housing market. housing market. of the total market, according to a report by NAR and Florida Realtors.

Marketing 84

Marketing Residential Real-estate owned Finance 84

Housing Wire

JULY 14, 2023

Additionally, average days to complete a foreclosure peaked in Q2 2023, according to ATTOM Data Solutions ‘ latest foreclosure market report. Lenders foreclosed (Real Estate Owned) on a total of 22,672 U.S. It was up 133% from the first half of 2021, but down 40% from the first half of 2020.

Banks 280

Banks Real-estate owned Marketing Mortgages 280

Marco Santarelli

MARCH 15, 2021

Philadelphia is a hot seller's real estate market by all housing indicators. Low-interest rates, tight supply, and high buyer-demand will keep the market hot and exert even more upward pull on house prices. PHILADELPHIA HOUSING MARKET TRENDS 2021. PHILADEPHIA IS A SELLER’S REAL ESTATE MARKET.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

MARCH 24, 2021

The homebuyers in the Charlotte housing market have dealt with a persistent seller’s market, which has shrunk inventory and driven up home prices. Last year was the sixth consecutive year of home price gains in the Charlotte real estate market. So, how did COVID-19 affect the Charlotte housing market?

Marketing 119

Marketing Purchase and sale agreement Investor Sales 119

Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. The San Jose's housing market is infamously expenisve. San Jose Remains a Seller's Real Estate Market in 2021. A seller's market arises when demand exceeds supply. Median Days on Market was 8. year-over-year.

Marketing 126

Marketing Investor Residential Sales 126

Realtor.com

JANUARY 29, 2023

When a homeowner doesn’t pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. KLH49/iStock What is a foreclosure?

Banks 104

Banks Loans Mortgages Real-estate owned 104

RIS Media

JULY 30, 2021

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept. The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments.

Real-estate owned 101

Real-estate owned Finance Mortgages Industrial 101

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. Estate sale. Short sale. Court ordered sale.

Sales 88

Sales Short sale Real-estate owned Title 88

Broke Agent Media

JANUARY 16, 2023

Foreclosure Market Report, which shows double the amount of foreclosure activity compared to 2021. . Foreclosure Market Report , which shows double the amount of foreclosure activity compared to a year ago. Foreclosure Market Report. Executive Vice President of Market Intelligence at ATTOM. ATTOM’s Year-End 2022 U.S.

Banks 98

Banks Equity Real-estate owned Sales 98

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. A preforeclosure means the homeowner has stopped making payments or fallen behind on their mortgage payments. Real-estate owned (REO) homes.

Inspection 87

Inspection Banks Short sale Title 87

Realty Biz

JANUARY 1, 2021

A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. These are referred to as REO or real estate owned. Government-Owned Properties

Short sale 116

Short sale Pre-approval Banks Loans 116

Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. KEY TAKEAWAYS Foreclosure is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

HomeLight

AUGUST 31, 2020

The path to foreclosure begins with a homeowner struggling to make their mortgage payments. When a homeowner can’t make their payments, they may either try to sell their home before they get too far behind on their mortgage, or they could simply let the loan go into default. (Source: Jamie Street / Unsplash). Distressed or short sales.

Short sale 86

Short sale Sales Banks Inspection 86

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Acceleration clause. Active contingent.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Realty Biz

JULY 19, 2022

Pre-foreclosures are commonly confused with the foreclosure process and REOs (real estate owned by a lender). A house enters the pre-foreclosure process after the owner misses one or more mortgage payments and the lender sends a Notice of Default (NOD). It’s essentially the reverse of a mortgage application.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

Point2Homes

JUNE 23, 2021

Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. The main appeal of real estate-owned properties is that they can be a better deal than buying from a private owner.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

Lab Coat Agents

NOVEMBER 16, 2021

When you invest in real estate, you diversify your investments so that you aren’t reliant on today’s pitiful savings account rates or risking all of your money on the stock market, which we all know can crash in the blink of an eye. Who Is Eligible for Real Estate Investing?

Debt-to-income ratio 98

Debt-to-income ratio Equity Investor Real-estate owned 98

HomeLight

FEBRUARY 4, 2022

Here’s a riddle for you: What do government websites, real estate agents, and a drive around the block have in common? Real estate owned, or REO, homes are a result of the foreclosure process , which varies from state to state. They’re all great ways to find REO homes in your area. What is an REO home?

Agents 76

Agents Banks MLS Title 76

HomeLight

SEPTEMBER 30, 2021

Preforeclosure: The lender sends a notice of default to inform the owner that they must get up to date on their mortgage payments within a certain timeframe — or they will face foreclosure. REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it.

Banks 97

Banks Inspection Equity Investor 97

The Close

MARCH 15, 2022

I’ve been in real estate for 27 years and I’ve never seen anything like this market. These days, instead of getting asked about how to win bidding wars, my clients and friends constantly ask me if we’re in a real estate bubble that’s ready to pop. Free Template: Housing Market Infographic.

Agents 97

Agents Investor Banks Land 97

HomeLight

AUGUST 31, 2021

We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments.

Pre-approval 92

Pre-approval Short sale Banks Finance 92

HomeLight

MARCH 10, 2023

That is especially true in the New York market, where house flipping margins have gotten thinner as home prices and repair costs have escalated, and buyers have been shut out of the market by higher interest rates. Flipping takes a lot of money, know-how, manpower, and planning to be successful.

House Flipping 83

House Flipping Renovation Investor Finance 83

Easy Agent Pro

DECEMBER 29, 2020

Economists are, for the most part, predicting a red-hot year for real estate in 2021. homeowners will be on the hook for delinquent payments when mortgage forbearance ends,” according to Daryl Fairweather, chief economist of Redfin. It starts when mortgage payments go unpaid. This comes as “More than 3.3 million U.S.

FHA loan 83

FHA loan Agents Loans Sales 83

HomeLight

SEPTEMBER 30, 2020

John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent. The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. Where can you find foreclosure auctions?

Due diligence 97

Due diligence Hard money loan Finance Banks 97

HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. Let’s look at the ins and outs of bank-owned foreclosures and outline step-by-step how they work. What’s a bank-owned foreclosure?

Banks 75

Banks Inspection contingency Inspection FHA loan 75