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U.S. foreclosure activity ticked up significantly in January: Attom

Housing Wire

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.

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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

Over the years, Consolidated Analytics has evolved from a residential property valuation provider to a provider of complete mortgage loan life cycle solutions, including valuation, due diligence, business process services and consulting and advisory.

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$100M San Francisco team OWN Real Estate joins KW

Inman

After four years with Side Real Estate, OWN Real Estate founder Wilson Leung has brought his team back to Keller Williams. OWN's 19 agents closed 80 transactions worth $107.1 million in 2022.

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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

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GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA

Housing Wire

Real-estate owned (REO) inventory also increased by 2% over the course of Q1 to 11,190 units. REO acquisitions outpaced property dispositions,” the report said of the change. The total number of property acquisitions decreased slightly to 1,692, while dispositions rose 56% to 1,529 during the quarter.”

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FHA publishes final rule on the 40-year loan modification

Housing Wire

Department of Housing and Urban Development ( HUD ) added that it would reduce losses to the FHA’s Mutual Mortgage Insurance (MMI) Fund, as fewer properties would be sold out of the FHA’s real estate owned inventory or at a loss due to foreclosure.

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Foreclosure activity ticks up in the first half of 2023

Housing Wire

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.

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