Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Short sale Mortgages Sales Residential 488

Housing Wire

SEPTEMBER 9, 2020

A surge in the share of mortgages 90 days or more overdue in June is a signal the U.S. Mortgage delinquencies have soared in recent months as Americans who lost income because of the pandemic sought forbearance agreements that allow them to suspend their home-loan payments without penalties. Currently, about 3.6

Short sale 544

Short sale Loans Mortgages Staging 544

Housing Wire

SEPTEMBER 28, 2023

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. A moment of reckoning may be imminent for the default and REO industry. Many in the industry are already rising to meet it. Within the industry, many providers struggled with the sheer volume of transactions.

Industrial 407

Industrial Mortgages Technology Loans 407

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

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Short sale Sales Banks Backup offer 69

Keeping Current Matters

NOVEMBER 4, 2021

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. Many projected up to 30% of all mortgage holders would enter the forbearance program.

Short sale 257

Short sale Equity Sales Banks 257

Housing Wire

AUGUST 31, 2020

Most mortgage lenders are looking for ways to automate their mortgage servicing operations in order to cut costs, maintain profitability and effectively manage their compliance and reporting to various agencies (e.g., The system also offers loss mitigation, modifications, short sales and repayment tracking functionality.

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Mortgages Investor Short sale Loans 208

Housing Wire

MAY 20, 2022

COVID changed the real estate industry in a big way since it provided many people with an opportunity to work remotely and live almost anywhere. There are many moving pieces to the economic part of the real estate industry that are unpredictable and uncontrollable. Consider a Short Sale.

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Short sale Investor Banks Agents 370

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. After the last housing crash, about 9.3 2018: 279,040. 2019: 277,520.

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Short sale Equity Principal Mortgages 264

Housing Wire

FEBRUARY 19, 2021

“Sales easily could have been even 20% higher if there had been more inventory and more choices,” Yun said. Home sales continue to ascend in the first month of the year, as buyers quickly snatched up virtually every new listing coming on the market.” Yun predicts existing-home sales will reach at least 6.5

Sales 542

Sales Short sale Mortgages Industrial 542

Housing Wire

MARCH 3, 2022

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics.

Principal 352

Principal Loans Lending Finance 352

Housing Wire

APRIL 5, 2021

Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. 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. Presented by: Auction.com.

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Short sale Loans Mortgages Sales 544

Housing Wire

FEBRUARY 21, 2023

“This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Before that, you have to go back to October 2010 to find total sales this low.” Despite this industry analysts remain optimistic.

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Sales MLS Short sale Marketing 343

Housing Wire

AUGUST 23, 2021

Per the report, first-time homebuyers accounted for 30% of sales in July, dipping slightly from 31% in June and down from 34% year-over-year, NAR said. The post Fewer first-time homebuyers are competing these days appeared first on HousingWire.

Short sale 457

Short sale Sales Development Marketing 457

Housing Wire

JULY 1, 2021

Servicers should also be sharing the mathematics of mortgage forbearance. Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume. All those missed payments and interest need to be paid back.

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Short sale FHA loan Equity Sales 222

Keeping Current Matters

SEPTEMBER 8, 2021

Investopedia defines it like this: “ Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. Short sale. Typically, default is triggered when a borrower misses a specific number of monthly payments.” . Loan modification.

Equity 218

Equity Short sale Loans Sales 218

Housing Wire

OCTOBER 1, 2021

According to the new data, high-equity borrowers are around 40% less likely to lose their homes to involuntary liquidation, such as short sale, foreclosure sale, or deed-in-lieu. However, 30% of these mortgage holders lost their homes, meaning they are not selling their property when needed. mortgage holders.

Equity 246

Equity Short sale Loans Mortgages 246

Keeping Current Matters

JANUARY 13, 2021

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Over the last 30 days, several industry experts have weighed in on this subject. Though 29.4%

Equity 242

Equity Short sale Principal Loans 242

RIS Media

APRIL 21, 2022

The total number of loans currently in forbearance decreased by 13 basis points in the past month from 1.18% of servicers’ portfolio volume to 1.05%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. The survey covers the full month of March and represents 73% of the first-mortgage servicing market (36.4

Loans 99

Loans Mortgages Staging Short sale 99

RIS Media

MARCH 23, 2022

of servicers’ portfolio volume in the prior month to 1.18%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey, released last week. Independent Mortgage Banks (IMBs): 1.44% (previous month: 1.59%). resulted in repayment plans, short sales, deed-in-lieus or other reasons. By stage, 30.1%

Loans 89

Loans Mortgages Staging Short sale 89

Keeping Current Matters

JUNE 10, 2021

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It created a panic that drove some large companies out of business (ex.

Bankruptcy 239

Bankruptcy Banks Short sale Industrial 239

RIS Media

FEBRUARY 25, 2022

The number of loans now in forbearance decreased by 11 basis points from 1.41% of servicers’ portfolio volume in the prior month to 1.30% as of January 31, 2022, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey released this week. Independent Mortgage Banks (IMBs): 1.59% (previous month: 1.66%).

Loans 90

Loans Mortgages Staging Short sale 90

Housing Wire

APRIL 12, 2021

Furthermore, we’re excited to more easily serve this crucial industry which is a major focus of our continued growth.”. This case study explores how Plaza Mortgage was able to reduce its property tax estimation time by upwards of 90% per loan by implementing CoreLogic’s Property Tax Estimator (PTE). Presented by: CoreLogic.

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Commercial Lending Loan Officer Loans 224

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. Late cycle lending is always a risk in the lending industry. But, that doesn’t mean housing is going to crash.

Marketing 391

Marketing Lending Short sale Equity 391

Realty Biz

FEBRUARY 12, 2023

Christina relates how the aftermath of the mortgage crisis in the early 2000s, it’s become much easier and less intimidating to purchase foreclosed properties. Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says. Yet there are some caveats to this process.

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Short sale Banks Staging Principal 115

Housing Wire

DECEMBER 27, 2021

rms now get as much, or more, of their earnings from mortgage, title insurance and other core settlement services,” Steve Murray, senior advisor to RealTrends, said. “As Here are some trends we’re seeing in the real estate brokerage industry. Segmentation in the industry. Another factor is that leading market-share brokerage ?rms

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Brokerage Finance Short sale Agents 341

Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Home sales and prices were both up substantially over the year before. Mortgage standards are nothing like they were back then. Instead, real estate had one of its best years ever.

Equity 261

Equity New Construction Construction Short sale 261

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Shop around for the best mortgage rates. Paying your mortgage and riding out the downturn is just as important as finding a low-priced home.

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Title search Short sale Title Fixed-rate mortgage 59

Realty Biz

FEBRUARY 5, 2024

Understanding these factors is crucial for homeowners, investors, and industry professionals to make informed decisions. I remember doing hundreds of short-sale transactions. Luke Skar of Madison Mortgage Guys , who has 21 years of experience in the industry, shared the following with me.

Investor 128

Investor Technology Mortgages Agents 128

Realty Biz

MARCH 16, 2023

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.

Short sale 93

Short sale Investor Technology Principal 93

Easy Agent Pro

OCTOBER 29, 2020

If you’ve been in the real estate industry for some time, you no doubt recall the Great Recession, when the housing market went sideways. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. His suggestion? Or, you could just DIY it.

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Short sale Land Commercial Equity 84

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default. Short sale. Source: (Adam Wilson / Unsplash).

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Pre-approval Short sale Banks Finance 92

Marco Santarelli

JULY 23, 2022

People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble. Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. But is the housing market truly in a bubble?

Mortgages 52

Mortgages Marketing Lending Equity 52

Broke Agent Media

MARCH 22, 2023

BAM Key Details: According to the National Association of REALTORS®, existing home sales increased 14.5% Year-over-year, however, existing home sales dropped 22.6% and the median existing-home sale price fell 0.2% That said, year-over-year, existing home sales are down 22.6%. from a year ago to $363,000. year over year.

Sales 98

Sales Fixed-rate mortgage Mortgages Short sale 98

Realty Biz

MAY 21, 2023

Miami-Dade’s out-of-state homebuyers with a mortgage earn nearly $100,000 in median household income. 5 in ultra-prime ($25M+) sales in the world, according to the 2023 Knight Frank Wealth Report. Mortgage Rates Up 3 Percentage Points Vs. Last Year; Impacting Sales Miami total home sales decreased 35.5%

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

RIS Media

APRIL 16, 2021

The industry has been eagerly awaiting further details about President Joe Biden’s proposed first-time homebuyer tax credit—which originally featured a max of $15,000 per buyer toward their down payment on a home. Assistance can go toward a down payment or the closing costs, or to reduce the interest rate on a mortgage.

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Short sale Closing costs Development Equity 102

RIS Media

OCTOBER 5, 2021

released its latest Mortgage Monitor Report , exploring the relationship between equity positions and downstream foreclosure start rates and, ultimately, distressed liquidations. That brings the average monthly mortgage payment to its highest level since late 2007. The Data & Analytics division of Black Knight, Inc.

Equity 84

Equity Fixed-rate mortgage Short sale Mortgages 84

Realty Biz

NOVEMBER 18, 2021

One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. BPOs are also ordered by banks, mortgage loan companies, and asset management companies for several other reasons: Home purchases. A homeowner going the route of ‘For Sale By Owner.’ Home loan refinances.

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Short sale Inspection Loans Banks 111