The national moratorium on federally backed mortgage foreclosures is set to expire at the end of the week, and the White House has responded by promising more financial aid to struggling homeowners. Data from Black Knight shows that around 1.5 million U.S. homeowners are still seriously delinquent on their mortgages, which means they have failed
Zombie foreclosures rise despite existing moratorium
June 1, 2021 by
Research shows that so-called “zombie foreclosures” are emerging in much bigger numbers again as distressed homeowners abandon their properties in the belief that they will soon be repossessed. Around 1.4 million residential homes in the U.S. stood vacant in the second quarter, amounting to 1.4% of all homes, ATTOM Data Solutions said in a new
Foreclosure activity to resume in July, some banks say
May 31, 2021 by
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
Foreclosure filings rise despite moratoriums in place
November 19, 2020 by
The number of foreclosure filings in the U.S. rose almost 20% compared to the previous month during October. ATTOM Data Solutions, which reported the finding, said foreclosure filings include default notices, bank repossessions and scheduled auctions, and said the COVID-19 pandemic is the most likely factor behind the increase. “It’s a little surprising to see
