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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 441
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FHFA considers exceptions for Enterprises aiming to acquire mortgages with shared equity features

Housing Wire

The proposed rule would establish an additional exception to the restrictions for loans on properties with PTFCs, and related securities, if the loans meet certain shared equity loan program requirements for Resale Restriction Programs in FHFA’s Duty to Serve Underserved Markets Regulation (Duty to Serve Regulation),” the entry reads.

Equity 421
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Trade groups want these reforms to reduce property tax foreclosures

Housing Wire

This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP. Good public policy should promote preventative measures to avoid the loss of property to tax foreclosure sales. In the brief, the groups also cite a 2023 U.S. In 2023, the U.S.

Staging 451
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Rising home prices take a toll on pending home sales

Housing Wire

pending home sales fell 1.1% Year over year, pending sales are showing promise in every region of the U.S, As talk of an urban exodus continues, the Northeast’s pending home sales slid 5.9% months at the current sales rates as builders attempt to keep up. compared to a year ago. The Midwest dropped 0.7% but remained 19.6%

Sales 534
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Housing Market Shift: Equity Slips But Still High in 2024

Marco Santarelli

Housing Market Shift: Equity Slips But Still High in 2024 The good news: Homeownership equity remains high. In the first quarter of 2024, nearly half (45.8%) of mortgaged homes in the United States were considered equity-rich. equity-rich) and South Carolina (down to 40% equity-rich) leading the decrease.

Equity 84
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Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 126
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Paul Garrigues named CFO of Waterstone Mortgage

Housing Wire

Before landing at Waterstone Mortgage, Garrigues served as a chief financial officer at Solarity Credit Union for three years. Before that, he held positions at Midwest Equity Mortgage , Coastal Banking Company and Seacoast National Bank.

Mortgages 384