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Banks report rise in mortgage delinquencies

Housing Wire

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% of the loans modified included a principal deferral, the OCC said. million first-lien residential mortgages with $2.6 trillion in unpaid principal balance, the report said.

Banks 384
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Advice on Short-Sale Transactions

The Residential Specialist

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% Bottom Line.

Equity 240
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Have we found the bottom in existing home sales?

Housing Wire

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. I hear you; let’s dive deeper into today’s report.

Sales 525
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Chicago Realtor: Marki Lemons Queen of Foreclosures

Realty Biz

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

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David Dweck Elected to Lead 2022 BROWARD-MIAMI Realtors

Realty Biz

He is a license real estate broker in Florida; a qualifying broker in Alabama and Georgia and is a principal broker in Tennessee. His experience in his early career were listings of Residential in Florida and Vacation Land in Tennessee. Dweck is the founder and broker of Southeast Regional Realty Corp.

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Housing Market Trends 2022: Home Prices and Sales

Marco Santarelli

The improving economy and the approaching peak homebuying years of millennials are driving a residential housing boom. per month in principal and interest for every $100k you borrow. The sale of properties valued between $750,000 and $1,000,000 increased by 26%. The average rate for a 15-year fixed mortgage is 4.94

Sales 77