Rapid home equity growth calms foreclosure crisis fears

As government backed foreclosure moratoriums edge closer to expiration, the number of borrowers who’re still under some kind of bailout program is declining fast. But the future is not as bleak as some may have feared for those who’re still in trouble. Data from Black Knight shows there were 1.618 million American borrowers still in

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Foreclosure activity to resume in July, some banks say

Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. The Mortgage Bankers Association says over 2.1 million American homeowners are still in forbearance plans that suspend their mortgage payments and protect them from eviction. Meanwhile, around 1.8 million more are not in forbearance

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Foreclosure activity rises, prompting fears of more to come

Housing market analysts have raised concerns that we could see a rise in foreclosures once COVID-19 pandemic-related moratoriums end, and indeed, activity is already increasing even with those bans in place. A report from ATTOM Data Solutions this week shows that foreclosure filings in March rose by 5% compared to the previous month, even as

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Foreclosure Activity in the US Hits Lowest Level Since 2006

A recent report from RealtyTrac® shows foreclosure filings, which includes default notices, bank repossessions and scheduled auctions were reported on 101,938 properties in the US in February. The article in RisMedia points out this figure has declined by 4% since January and is 9% lower than a year earlier. These latest figures show foreclosure activity

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RealtyTrac Reports Foreclosure Filings Down Again

The number of foreclosures filed during the first quarter of 2012 has dropped by 2% on the previous quarter, and by 16% from the same period 12 months ago, according to a new report just released by Realty Trac.

An Update on Foreclosure Activity

Over the last few years a lot has happened in regards to the foreclosure process, which has ultimately affected the overall real estate market. Although a lot of lenders have pushed foreclosure properties through the pipeline at an accelerated rate since the end of 2011, many distressed properties in judicial foreclosure states are still in limbo due to the long foreclosure process in these states.

Foreclosure Filings Down, But It’s Not Good News

A new report from RealtyTrac has revealed that foreclosure filing numbers in August dropped by 6% from the previous month, while year on year foreclosures have dropped by 38% compared to the end of August 2010. However, it may not be all good news, as analysts expect that foreclosure activity may well pick up in

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A Sustainable Housing Market Means Lower Prices Are Necessary

A recent survey of bank risk managers indicates that “Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years…” It seems that the bad news for housing is that prices won’t go up much for years to come. But from a fundamental standpoint, this is exactly what the housing market

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