Principal Sales Short sale 
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. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. From NAR: Total existing-home sales waned 7.7%
Housing Wire
JULY 1, 2022
Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% of the loans modified included a principal deferral, the OCC said. trillion in unpaid principal balance, the report said. year-over-year to 2,410, the OCC found. compared to 94.2%
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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. The 10% equity number is important because it enables homeowners to sell their houses and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.
Keeping Current Matters
JANUARY 13, 2021
Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% Bottom Line.
Housing Wire
MARCH 3, 2022
We have so far successfully utilized prepayments and mortgage payoffs from other clients to fund principal and interest advances relating to forborne loans. “We have to find an effective way also for borrowers to exit forbearance, hopefully not through foreclosure or short sale.”
Keeping Current Matters
AUGUST 11, 2021
Here’s the methodology for each data point of the table below: Mortgage Amount : Take the median sales price at the end of the second quarter of each year as reported by the Fed and assume that the buyer made a 10% down payment. P&I : Use a mortgage calculator to determine the monthly principal and interest on the loan.
CT Homes
FEBRUARY 3, 2022
A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?
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