Housing Wire

FEBRUARY 21, 2025

Despite the monthly decrease, existing-home sales were up 2% compared to the same month last year, marking the fourth consecutive month of annualized increases. NAR chief economist Lawrence Yun attributed the monthly decline in sales to continued affordability challenges. to an annualized rate of 500,000 homes), the South (down 6.2%

Sales 231

Sales Short sale Mortgages Marketing 231

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.

Short sale 508

Short sale Mortgages Sales Residential 508

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

Short sale 138

Short sale Loans Sales FHA loan 138

Housing Wire

APRIL 8, 2021

The slight pullback in 2020 is due largely to side effects of the pandemic-induced foreclosure moratorium on government-backed mortgages in place for most of the year. 36,000 Surplus per Sale. 36,000 Surplus per Sale. a foreclosure sale with a $100,000 credit bid requires a winning bid of at least $100,001).

Equity 459

Equity Short sale MLS Sales 459

Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. When mortgage rates rise, two things always happen here in America.

Short sale 532

Short sale Mortgages Equity Sales 532

Housing Wire

OCTOBER 17, 2023

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

MLS 435

MLS Short sale Equity Banks 435

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. In reality, only 8.5%

Short sale 318

Short sale Equity Sales Banks 318

Housing Wire

NOVEMBER 15, 2022

While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. Prospecting for these borrower types can help protect your business during market shifts. Marketing to real estate investors is lucrative regardless of the market.

Bankruptcy 397

Bankruptcy Short sale Investor Title 397

Housing Wire

MAY 20, 2022

Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. It may be a seller’s market for a while, but then switch to a buyer’s market, or the market could come to a halt altogether. Consider a Short Sale.

Short sale 435

Short sale Investor Banks Renovation 435

Housing Wire

AUGUST 23, 2021

A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. However, even with the availability of more homes on the market, inventory for homebuyers is down 12% from 2020 (1.5 The inventory of unsold homes rose by 7.3%

Short sale 488

Short sale Sales Development Marketing 488

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! I have never believed in this concept because of how the housing market credit channels work.

Sales 531

Sales Mortgages Short sale Principal 531

Housing Wire

JUNE 22, 2021

Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. “The improving job market and strong housing market are providing support for those who do exit.”. The forbearance rate is officially below 4% for the first time in a year.

Short sale 418

Short sale Loans Equity Mortgages 418

Keeping Current Matters

JULY 28, 2021

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. 2018: 279,040. 2019: 277,520.

Short sale 307

Short sale Equity Principal Sales 307

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.

Mortgages 283

Mortgages Investor Short sale Loans 283

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

Short sale 370

Short sale MLS Banks Loans 370

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

Short sale 107

Short sale Sales Bankruptcy Banks 107

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. To register, go here. In March 2023, it was just 2.2

Short sale 397

Short sale Staging Mortgages Banks 397

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. million new and existing home sales combined.

Bankruptcy 525

Bankruptcy Loans Sales Short sale 525

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

Bankruptcy 523

Bankruptcy Lending Equity Mortgages 523

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

Short sale 97

Short sale Sales Pre-approval Pre-qualification 97

Keeping Current Matters

SEPTEMBER 1, 2020

Today, that’s largely impacted by low mortgage rates. In essence, purchasing a home while mortgage rates are this low may save you significantly over the life of your home loan. At that time, distressed properties, like foreclosures and short sales, dominated the market. The green bar represents today’s market.

Short sale 339

Short sale Loans Mortgages Closing 339

HomeLight

SEPTEMBER 30, 2020

For a homeowner, that might look like not being able to make mortgage payments for a period of time. Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. Short sales 101.

Short sale 98

Short sale Closing costs Closing Sales 98

Housing Wire

MAY 18, 2022

Mortgage servicers: If you’re not obsessed with customer service, you’re falling behind. In a world where disparate physical spaces are steadily merging in the central hubs of mobile devices, consumers consider their mortgages one more digital service in need of perfecting.

Loans 397

Loans Short sale Mortgages Closing 397

Housing Wire

MARCH 17, 2021

While we don’t expect an onslaught of foreclosures like we saw during the mortgage meltdown before the great recession, we can foresee a time after the current forbearance scenario ends in which as many as 500,000 to 700,000 foreclosures may occur,” said Patrick Stone, WFG executive chairman and founder. Presented by: Auction.com.

Title 370

Title Short sale Lending Loans 370

HomeLight

SEPTEMBER 6, 2022

It’s understandable for homeowners who are faced with the stark realization that they may have to sell their homes for less than they owe on their mortgage to be worried. Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home.

Short sale 105

Short sale Sales Agents Mortgages 105

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% million. “The from June 2022 (1.25

Sales 369

Sales MLS Construction Short sale 369

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. First, the homeowner suffers an adverse economic shock…leading to the homeowner becoming delinquent on their mortgage.

Equity 306

Equity Short sale Principal Loans 306

Keeping Current Matters

MAY 26, 2021

Understanding how housing affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down the optimal window of time in which to make a purchase. There are three main factors that go into determining how affordable homes are for buyers: Mortgage Rates. Home Prices. Bottom Line.

Short sale 320

Short sale Loans Mortgages As-is 320

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

Short sale 98

Short sale Sales Pre-approval Equity 98

Housing Wire

FEBRUARY 21, 2023

“While home sales have now fallen for 12 months in a row, the January decline is much smaller than previous drops,” Sturtevant said. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

Sales 370

Sales Short sale MLS Marketing 370

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

Short sale 105

Short sale As-is Purchase and sale agreement Sales 105

Keeping Current Matters

DECEMBER 2, 2020

Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. That’s exactly what’s happening in the real estate market right now. The mortgage rate at which a buyer can borrow the funds necessary to purchase the home. At the same time, buyer demand remains strong. Here’s how it breaks down.

Fixed-rate mortgage 321

Fixed-rate mortgage Short sale Loans Mortgages 321

HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

Short sale 105

Short sale Sales Purchase and sale agreement Banks 105

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. In today’s real estate market, many homeowners have far more equity in their homes than they realize.

Equity 271

Equity Short sale Loans Sales 271

Housing Wire

SEPTEMBER 28, 2023

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. The mortgage lending industry exists to make home loans, not to repossess them. Especially where service providers were unprepared for the sudden pivot in market conditions after the refinance boom of the early 2000s.

Industrial 448

Industrial Mortgages Technology Loans 448

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

Short sale 98

Short sale Sales Banks Inspection 98

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.

Short sale 279

Short sale FHA loan Equity Sales 279