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Banks report rise in mortgage delinquencies

Housing Wire

Banks reported an increase in foreclosures during the first quarter of 2022, according to a quarterly survey published by the Office of the Comptroller of Currency this week. Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8%

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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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Understanding the Short Sale Process

CT Homes

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

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The "Home ATM" Stays Mostly Closed in Q2

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. ” However, in the January 2023 and April 2023 and July 2023 surveys, the Fed noted that “banks reported tighter standards and weaker demand for home equity lines of credit (HELOCs).”

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The "Home ATM" Mostly Closed in Q1

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. ” However, in the last six quarterly surveys, the Fed noted that “banks reported tighter standards and weaker demand for home equity lines of credit (HELOCs).”

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The "Home ATM" Closed in Q4

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. 1 (sometimes called the Flow of Funds report) released today.

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The "Home ATM" Mostly Closed in Q3

Calculated Risk Real Estate

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q3. 1 (sometimes called the Flow of Funds report) released today.

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