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Foreclosure auctions rise in Q1 after VA moratorium expires

Housing Wire

Real estate-owned ( REO ) auction activity, which involves properties that have reverted to lenders, also showed mixed signals. The foreclosure auction sales rate properties sold to third-party buyers began the year strong but fell sharply in February to a 26-month low point before partially rebounding in March.

Loans 326
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FHFA assisted nearly 44,000 troubled homeowners in Q4 2023

Housing Wire

By comparison, the serious delinquency rate for Federal Housing Administration ( FHA ) loans was 3.42% in Q4 2023. Department of Veterans Affairs ( VA ) loans was 2.01% and the industrywide average for all loans was 1.52%. The rate for U.S.

VA loan 488
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FHFA prevention actions surpassed 52K in Q4 2022

Housing Wire

Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4% in Q4, the Department of Veterans Affairs (VA) loans rate was at 2.43%, and at 1.89% for all loans based on the industry average.

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

Housing Wire

at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said. Real-estate owned (REO) inventory also increased by 2% over the course of Q1 to 11,190 units.

VA loan 370
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Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

REO (Real Estate Owned) is the amount of real estate owned by lenders. The dollar value of 1-4 family residential Real Estate Owned (REOs, foreclosure houses) was increased 6% YOY from $747 million in Q4 2023 to $790 million in Q4 2024. Here is a graph of Fannie Real Estate Owned (REO).

Equity 98
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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Bank-owned properties Bank-owned properties, often called real estate-owned (REO) properties, are owned by the lender.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Talk to your agent and a licensed loan officer to explore your options). As for insurable houses, there are a variety of financing options for government-backed loans: VA loans. FHA $100 down program: The $100 down program is an FHA loan that doesn’t require the typical 3.5% down payment, but a mere $100 instead.