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
Read moreSerious mortgage delinquency and foreclosure rates continue to move lower and are at their lowest levels since the fourth quarter
Read moreThese “principles” announced by the CFPB call for assistance to consumers facing foreclosure that is “accessible, affordable, sustainable, and transparent.”
Read more“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year.”
Read moreApproximately 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 moreThe 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 — 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 moreFive 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 more“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 moreThe July 2015 figure of 38,000 foreclosures is 80 percent higher than the pre-crisis average.
Read moreSales 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 moreFlipping 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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