Mortgage Delinquencies at Their Lowest Level Since Late 2007
Serious mortgage delinquency and foreclosure rates continue to move lower and are at their lowest levels since the fourth quarter
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With HARP Nearing Expiration, U.S. Agency Sets Foreclosure-Prevention Guidelines
These “principles” announced by the CFPB call for assistance to consumers facing foreclosure that is “accessible, affordable, sustainable, and transparent.”
Read moreVacant 'Zombie' Foreclosure Properties Down 30% Year-Over-Year
“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year.”
Read moreForeclosure Rate Down 24% as Serious Delinquencies at 8-Year Low
Approximately 434,000 homes in the U.S. were in some phase of foreclosure as of February 2016, compared to 571,000 in February of last year, a sharp decrease of 23.9 percent.
Read moreToxic Mortgages Behind Goldman Sachs Settlement, Oscar-Nominated 'Big Short'
The announcements of both the Oscar nominations and the Goldman Sachs settlement were, of course, not directly related. But it’s difficult to ignore the timing.
Read moreBank Repossessions are Up 60% From Year Ago as Foreclosure Filings Decline
Bank repossessions — often the last phase of a foreclosure when the lender takes back ownership of a home — were up 60 percent last month, compared to a year ago.
Read moreHome Flipping is Making A Comeback as Investors Get Creative
Five percent of all single family home and condo sales in the third quarter of 2015 were “flipped” within a 12-month period — that’s up 18 percent from a 4.3 percent share one year ago.
Read moreCrisis Lingers: 3Q Foreclosure Filings Rise From Year Ago in 32 States
“A flood of deferred distress from the last housing crisis is finally spilling over the legislative and legal dams that have held back some foreclosure activity for years.”
Read moreCompleted Foreclosures Down 24% Year-Over-Year, But Crisis Far From Over
The July 2015 figure of 38,000 foreclosures is 80 percent higher than the pre-crisis average.
Read moreHome Resales at 8-Year High as Buyers Act Before Mortgage Rates Climb
Sales of existing homes in July remained at the highest pace since February 2007 (5.79 million), and have now increased year-over-year for ten consecutive months.
Read moreHouse Flipping is Down Since 2006 Peak, But Average Gross Profit is Rising
Flipping hit its peak in the first quarter of 2006, when 8.0 percent of all single family home sales were flips. That share is down to 4.5 percent.
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