Remove category distressed-properties
article thumbnail

Mortgage delinquencies shrink in Q2

Housing Wire

Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Meanwhile, the 30-day delinquency rate decline by 4 bps to 1.41% and the 60-day delinquency category declined by 15 bps to 0.52%.

VA loan 427
article thumbnail

Existing home sales continued their slide in August

Housing Wire

Nonetheless, homeowners are doing well with near nonexistent distressed property sales and home prices still higher than a year ago.”. Higher mortgage rates are discouraging many potential home sellers from listing their property. In August, NAR found that the inventory of existing homes dropped 1.5% month over month to 1.28

Sales 367
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: How did homeowners get into home equity prison?

Housing Wire

While the person sits back and watches the value of their house climb to levels that have never been seen before, they are still struggling to get back to their pre-pandemic income level while also having to pay more for homeowner’s insurance and property taxes, not to mention the fact that all of their other bills have increased as well.

Equity 425
article thumbnail

One Stop Real Estate Investment Software

GeekEstate

PropStream consolidates real estate data and tools for investors, agents, brokers, property managers, and other real estate professionals. Records include ownership info, property characteristics, sales history, MLS details, mortgage info, lien and foreclosure details, and tax info.

MLS 122
article thumbnail

Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

How am I going to find properties for investors to buy?” This retail market is reflective of a sale between a seller who is not in financial or personal distress and a buyer who is not being influenced to buy due to their circumstances. This is commonly due to the condition of the property or potential title and legal issues.

Investor 116
article thumbnail

Risk of mortgage fraud is on the rise in the current market

Housing Wire

It becomes a more concerning 1 in 23 if we only look at investment [property] purchases,” she added. Following is a breakdown of SARs filings by institutional category for 2021, compared with 2020. According to Boesel, CoreLogic estimates that the current overall mortgage-application fraud rate is at about 1 in 120 loans.

Mortgages 389
article thumbnail

Smart Budgeting Tips for Homeowners on the Brink of Bankruptcy

Realty Biz

But this can leave out a lot of other expenses, like property taxes, mortgage insurance (if it’s required), home insurance, maintenance, and landscaping. Your property taxes are also unlikely to ever decrease. Once you exhaust the money in each envelope, you’re all done spending on that category for the month.