Housing Wire

AUGUST 3, 2022

Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months, although the foreclosure rate is still expected to remain below the pre-pandemic historical average, a new report from Auction.com contends. Presented by: Altisource.

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Housing Wire

APRIL 5, 2021

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. The Bureau said that nearly 2.1 The Bureau said that nearly 2.1

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Keeping Current Matters

MARCH 19, 2024

Even with the latest data coming in, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw back in 2008.

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Housing Wire

JULY 14, 2023

properties went into foreclosure , default notices, scheduled auctions or bank repossessions. Additionally, average days to complete a foreclosure peaked in Q2 2023, according to ATTOM Data Solutions ‘ latest foreclosure market report. properties started the foreclosure process in the first six months of 2023.

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Housing Wire

MARCH 21, 2022

During the Great Recession, “zombie foreclosures” were a thorn in the side of servicers. When the Covid-19 pandemic began in March 2020, zombie foreclosures were one of the housing industry’s greatest fears. Other properties, however, were protected by a foreclosure moratorium during the pandemic, which expired in January.

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Housing Wire

NOVEMBER 11, 2020

Despite foreclosure moratoria holding steady in several states, a recent foreclosure report from ATTOM Data Solutions revealed a total of 6,042 U.S properties began the foreclosure process in October. As for foreclosure filings – including default notices, scheduled auctions or bank repossessions – approximately 11,673 U.S

Banks 476

Banks Real-estate owned Staging Mortgages 476

Housing Wire

MAY 14, 2021

The number of properties with foreclosure filings hit 11,810 in April, down 1% month over month and 17% year over year, according to a recent study from RealtyTrac and ATTOM Data Solutions. May marks the 14th month of the federal government’s foreclosure and eviction moratorium. Presented by: Maxwell. The Bureau said that nearly 2.1

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Housing Wire

APRIL 8, 2021

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Over the past five years, more than $1.2

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Housing Wire

MARCH 25, 2022

A rule making its way through the New York Senate could significantly shorten the time allotted for a lender to initiate a foreclosure action. A bill, dubbed the Foreclosure Abuse Prevention Act, sponsored by James Sanders Jr. (D) This may have ramifications on all lenders operating in the state of New York. Presented by: Newbold.

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Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. of the median family income in the surrounding Census tract on average.

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Housing Wire

JUNE 26, 2023

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions during the first quarter of 2023, raising the total number of homeowners who have been helped to 6,771,101 since the start of conservatorships in September 2008.

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VA loan FHA loan Fixed-rate mortgage Principal 351

Housing Wire

DECEMBER 17, 2020

And at the end of this month — absent immediate and urgent action by Congress and the administration — millions of American families will be put into eviction and foreclosure proceedings that will take them from their homes at the worst possible moment. could be evicted in the coming months, with untold more threatened by foreclosure.

Mortgages 525

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Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Price Correction Risk by Metro.

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Keeping Current Matters

JANUARY 31, 2024

Have you seen headlines talking about the increase in foreclosures in today’s housing market?

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Marketing 235

Housing Wire

JANUARY 27, 2022

With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. The post Why It’s Time for Foreclosure Tech Innovation appeared first on HousingWire. Matt Sluggett Director of Product, Stavvy.

Lending 335

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Housing Wire

JULY 30, 2021

It was August 2020 , six months into a global pandemic, when I laid out what I thought at the time was a compelling case against a wave of foreclosures similar to the one that the nation experienced during the Great Recession. The post Why another foreclosure tsunami is still unlikely appeared first on HousingWire. Already a member?

Land 384

Land Loans 384

Housing Wire

MAY 28, 2021

As borrowers impacted by COVID-19 continue to exit mortgage forbearance, now is the time for lenders and servicers to be proactive in their borrower outreach to reduce foreclosure volume. According to ATTOM Data Solutions, foreclosures have increased by 9% in the first quarter of 2021. “Times are changing.

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Keeping Current Matters

OCTOBER 31, 2023

If you've been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies.

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Housing Wire

MAY 13, 2022

Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break, as a piece of legislation making its way to Gov. Kathy Hochul’s desk could discharge a swath of foreclosure cases pending in state and appellate courts. In March, the assembly version of the bill passed 107-40. The bill – sponsored by Sen.

Loans 289

Loans Banks Investor Finance 289

Keeping Current Matters

JULY 24, 2023

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market.

Marketing 194

Marketing 194

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short. More than 1.7

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Keeping Current Matters

JANUARY 25, 2023

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today.

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Marketing 204

Housing Wire

APRIL 6, 2022

Borrowers with Fannie Mae or Freddie Mac- backed mortgages have been granted an additional two months to avoid foreclosure if they’ve applied for assistance from the Department of the Treasury. The post FHFA brings foreclosures to a screeching halt for borrowers who applied for Treasury assistance appeared first on HousingWire.

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Housing Wire

OCTOBER 15, 2020

A Q3 2020 rise in vacant foreclosures signals a possible re-escalation in a hard-fought battle against neighborhood blight in which many cities have just recently gained the upper hand. “We The rate of vacant foreclosures, also known as “zombie” foreclosures, dropped to an all-time low of 7.4% nationwide in the second quarter.

Development 339

Development Renovation Land As-is 339

Housing Wire

APRIL 26, 2024

And serious delinquencies (loans 90 days or more overdue or in foreclosure) decreased by 30 basis points to 0.9%. The foreclosure process affected only 0.3% trillion (8.6%) on an annualized basis in the fourth quarter of 2023, offers homeowners a significant financial buffer against foreclosure. home equity , which was up by $1.3

Mortgages 427

Mortgages Staging Principal Loans 427

Housing Wire

AUGUST 21, 2020

ATTOM Data Solutions’ RealtyTrac , a foreclosure listings and search portal, added industry veteran Rick Sharga back into its ranks earlier this month in a move that foreshadows what the company sees for its future. An on the website itself, RealtyTrac points to the possible uptick on the horizon for foreclosures.

Commercial 348

Commercial MLS Development Branding 348

Housing Wire

JANUARY 26, 2023

The Collections solutions are geared toward helping to prevent foreclosure and late-stage default by making qualified assistance options timelier and more accessible to both homeowners and servicers, Black Knight said on Thursday. “By

Staging 352

Staging Loans Mortgages Investor 352

Housing Wire

OCTOBER 1, 2021

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity. mortgage holders.

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Housing Wire

DECEMBER 21, 2020

Get $75 off your initial membership with coupon code “intro75” The post Servicers likely to keep foreclosures low in 2021 appeared first on HousingWire. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Mortgages 441

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Housing Wire

DECEMBER 20, 2022

In the mortgage business , the CFPB claims that Wells Fargo, during at least seven years, improperly denied mortgage modifications to thousands of borrowers, which in some cases led customers to lose their homes to wrongful foreclosure. The CFPB said Wells Fargo was aware of the issue for years before it addressed the problem.

Banks 367

Banks Lending Loans Mortgages 367

Keeping Current Matters

SEPTEMBER 8, 2021

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. It starts with knowing what foreclosure is. Deed-in-lieu of foreclosure. Loan modification. Short sale. Bottom Line.

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Keeping Current Matters

NOVEMBER 4, 2021

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. After the last housing crash, about 9.3

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Short sale Equity Sales Banks 252

Housing Wire

AUGUST 31, 2020

By using their mobile device and the Remote Bid feature on the Auction.com app, buyers can bid on properties at select live foreclosure auctions from anywhere, even as social distancing guidelines remain in place. And no other distressed auction company offers remote bidding for live foreclosure auctions.

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RIS Media

SEPTEMBER 21, 2023

A total of 33,952 properties had foreclosure filings—default notices, scheduled auctions or bank repossessions—in August, up 7% from a month ago but down 2% from a year ago, according to a new report from ATTOM.

Banks 116

Banks Marketing Industrial Mortgages 116

Housing Wire

DECEMBER 7, 2020

The post Mr. Cooper settles $90M lawsuit over illegal foreclosures appeared first on HousingWire. Cooper has worked on developing a culture of “customer advocacy,” which he said had driven customer complaints to record low. Mr. Cooper services over 3 million mortgages in the U.S.,

Bankruptcy 536

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RIS Media

FEBRUARY 14, 2024

In January 2024, there were 33,270 properties with foreclosure filings, default notices and scheduled auctions or bank repossessions, according to ATTOM’s latest U.S. Foreclosure Market Report. The report also noted that foreclosure starts grew nationwide month-over-month and year-over-year.

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RIS Media

DECEMBER 14, 2023

A total of 32,120 properties had foreclosure filings—default notices, scheduled auctions or bank repossessions—in November, down 7% from a month ago but up 5% from a year ago, according to a new report from ATTOM. ATTOM’s Foreclosure Market Report for November found that 4,347 housing units had a foreclosure filing.

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