Redfin

MARCH 4, 2025

All mortgages place a lien on the property in the event that a lender needs to take ownership of the home. If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Are The Best Mortgage Options for Self Employed Borrowers? Top Mortgage Products For Self Employed Borrowers What Are The Best Mortgage Programs For Self Employed Home Buyers?

Mortgages

AAOA

MAY 22, 2025

Prepare a personal financial statement and schedule of real estate owned (if applicable). DSCR (Debt Service Coverage Ratio) (can the income cover the mortgage comfortably?) Your first move is to surround yourself with experienced professionals whove done this before. Talk to lenders.

Due diligence

AAOA

MAY 5, 2025

It usually starts when a property owner falls behind on mortgage payments or property taxes. Foreclosures: Foreclosures happen when a homeowner cant make mortgage payments. In these early stages, the homeowner struggles to keep up with mortgage payments but still owns the property.

Bankruptcy

Housing Wire

FEBRUARY 5, 2025

Knowing about saving, budgeting, investing and mortgage financing will serve you well if you want to target renters who want to jump off the hamster wheel of paying rent, and who are ready to dip their toe into owning a property. Related article The ultimate guide to real estate networking 21.

Commercial

Housing Wire

MARCH 19, 2024

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company. Five Brothers, headquartered in Warren, Mich.,

Mortgages

Housing Wire

DECEMBER 2, 2020

The Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Jan. This extension gives peace of mind to the more than 28 million homeowners with an Enterprise-backed mortgage,” said Calabria. Presented by: VRM Mortgage Services.

Real-estate owned

Housing Wire

FEBRUARY 9, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. ” What role can mortgage brokers play in fair housing? For the third month in a row, the Mortgage Bankers Association estimated 2.7

Real-estate owned

Housing Wire

FEBRUARY 25, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. 22, the Mortgage Bankers Association estimates 2.6 With the latest edict, the agency is now allowing borrowers up to 18 months of coverage.

Real-estate owned

Housing Wire

JANUARY 23, 2024

The Santa Ana, California-based financial services company provides solutions including due diligence services, property valuations, mortgage fulfillment and consulting and advisory services.

Due diligence

Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies.

Loans

Housing Wire

MARCH 26, 2024

The GSEs’ real estate-owned (REO) inventory decreased slightly to 10,902 in Q4, down from 11,019 in Q3 as REO dispositions outpaced acquisitions, the report noted. A rise in mortgage rates in the fourth quarter led total refinance volume to decline to 71,378 loans, down from 83,522 in Q3 2023.

VA loan

Housing Wire

JANUARY 19, 2021

The Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, this time until Feb. The foreclosure moratorium applies to GSE-backed, single-family mortgages only. 28, 2021. “To

Real-estate owned

Housing Wire

MARCH 24, 2023

Rising rates led to a reduction in mortgage refinances during that quarter, declining to 111,251 in Q4 2022, down from 194,189 the previous quarter. The GSEs’ real estate-owned (REO) inventory increased 7% from 10,251 in Q3 to 10,997 in Q4 due to REO acquisitions outpacing property dispositions.

Fixed-rate mortgage

Housing Wire

NOVEMBER 11, 2020

Sutherland Mortgage Services President Krish Swaminathan discusses the next wave of servicing, how servicers can best communicate with their customers and the technology available to help with compliance, even in a work-from-home environment. How servicers can prepare for potential default wave. Presented by: Sutherland. properties.

Banks

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Due diligence

Housing Wire

MARCH 9, 2023

The rule allows mortgagees to increase the maximum term of an FHA-insured mortgage loan modification from 360 to 480 months following a default. The 40-year loan modification can assist borrowers in avoiding foreclosure by spreading the outstanding mortgage balance over a longer period, thereby making their monthly payments more affordable.”

Loans

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land lease

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Leslie Rouda Smith, president of the NAR, used her own letter to the FHA to explain the trade group has been “concerned” about the pandemic’s impact on the housing market.

Loans

Housing Wire

JUNE 26, 2023

The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” Mortgage rates rose in March: the average interest rate on a 30-year fixed-rate mortgage increased to 6.54% from a February level of 6.26%.”

VA loan

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

Technology

Housing Wire

MAY 8, 2024

Ellington Financial , the parent company of top-five reverse mortgage lender and servicer Longbridge Financial , reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. Ellington chief financial officer J.R.

Mortgages

Housing Wire

FEBRUARY 13, 2024

properties through completed real estate-owned (REO) foreclosures in January. We remain vigilant in monitoring these trends to understand their full impact on foreclosure activity.” Foreclosure completions increased in 19 states Lenders repossessed 3,954 U.S.

Real-estate owned

Housing Wire

JANUARY 31, 2021

After a tumultuous year of disruption and uncertainty in 2020, mortgage servicing continues to change in order to meet consumer needs, regulatory demands and best practices. These regulations regarding mortgage compliance change regularly which impacts how servicers manage their portfolios.

Technology

Housing Wire

JULY 17, 2024

But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold? Under current guidelines, a buyer cannot finance the buyer’s agent commission into their mortgage, either. In turn, REO-focused real estate professionals should be adapting as quickly as possible.

Purchase and sale agreement

Housing Wire

APRIL 8, 2021

If a property reverts back to the foreclosing lender at the foreclosure sale and becomes real estate owned (REO), the distressed homeowner is not due any surplus proceeds from a subsequent sale of the REO property.”. a foreclosure sale with a $100,000 credit bid requires a winning bid of at least $100,001).

Equity

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Marketing

Housing Wire

NOVEMBER 28, 2023

Require government-owned homes to be sold to non-profits or owners who will live in them Foreclosures have been low in recent years, but in downcycles, foreclosed real estate owned by the federal government has been a more substantial percentage of the overall market.

Land

Housing Wire

JULY 14, 2023

Lenders foreclosed (Real Estate Owned) on a total of 22,672 U.S. Bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022, according to ATTOM. It was up 133% from the first half of 2021, but down 40% from the first half of 2020. properties in the first six months of 2023.

Banks

Calculated Risk Real Estate

DECEMBER 8, 2023

homeowners with mortgages (which account for roughly 63% of all properties) saw home equity increase by 6.8% million homes or 2% of all mortgaged properties. . million homes or 2% of all mortgaged properties. Some simple definitions (for housing): Forbearance is the act of refraining from enforcing mortgage debt.

Equity

Calculated Risk Real Estate

DECEMBER 13, 2024

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. of all mortgaged properties. of all mortgaged properties. percent in Q3 2023 to 0.45

Equity

RIS Media

DECEMBER 5, 2020

To help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least Jan.

Real-estate owned

RIS Media

AUGUST 30, 2020

31, 2020, is effective immediately and applies to properties with single-family mortgages backed by Fannie Mae. The suspension of evictions applies only to homes owned by Fannie Mae and does not apply to tenants in homes that have not been foreclosed. The moratorium, which was previously set to expire on Aug. Source: Fannie Mae.

Mortgages

RIS Media

JULY 30, 2021

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept. The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments.

Real-estate owned

Calculated Risk Real Estate

JUNE 10, 2024

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. of all mortgaged properties. year over year, representing a collective gain of $1.5

Equity

Calculated Risk Real Estate

MARCH 13, 2024

The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.6% of all mortgaged properties. Delinquency is the failure to make mortgage payments on a timely basis.

Equity

Calculated Risk Real Estate

SEPTEMBER 11, 2023

Last week, CoreLogic reported on homeowner equity: CoreLogic: Home Equity Increases From Winter to Spring, Reducing Underwater Properties in Q2 Only 2% of homeowners with a mortgage were in negative equity as of the second quarter, roughly the same rate recorded over the past two years. The number of underwater U.S. Currently 23.3%

Equity