Some mortgage delinquency data raised concerns, but Cotality’s Q2 report also showed a positive sign: late loans aren’t progressing to more serious stages. The total delinquency rate rose on a quarter-to-quarter basis for the period ended June 30, trending higher after a drop-off for the period ended March 31, the Loan Performance Indictors report said. […]
Regional real estate pockets are showing stress in 2Q Read More »
You may be seeing headlines about how foreclosures are rising. And if that makes you nervous that we’re headed for another crash, here’s what you should know. According to ATTOM, during the housing crash, over nine million people went through some sort of distressed sale (2007-2011). Last year, there were just over 300,000. So, even
What Mortgage Delinquencies Tell Us About the Future of Foreclosures Read More »
As serious mortgage delinquency rates continue to rise, rising payment-to-income ratios across other credit products could serve as a canary in the coal mine for future problems in making monthly payments, a Transunion report said. Over two years, serious delinquencies, which Transunion defines as 60 days or more late, while still relatively low, have increased
Payment-to-income trends seen as mortgage risk indicator Read More »
Real estate investors own almost 900,000 vacant properties nationwide, a share greater than the number of empty homes across the rest of the housing market, Attom reports. The vacancy rate nationwide is steady in the third quarter compared to past years, according to the property analytics firm’s latest study. The number of homes that have
Investors own almost 900,000 vacant homes: Attom Read More »
Foreclosure rates climbed across the country in July, a sign that high home costs may be starting to catch up with homeowners. Lenders and banks moved to foreclose on 36,128 homes nationwide in July, an 11% increase from last month and a 13% increase from the same time last year. One out of every 3,939
Foreclosures tick up as home costs weigh heavy on borrowers Read More »
A rule establishing permanent foreclosure protection measures for Department of Veteran Affairs borrowers was signed into law by President Donald Trump Wednesday, after a previous iteration of a federal servicing program expired earlier this year. The VA Home Loan Program Reform Act, which was introduced by Rep. Derrick Van Orden R-Wis., aligns servicing guidelines with
VA foreclosure prevention bill signed into law by Trump Read More »
Foreclosure auction activity hit a two-year high on the back of a major jump in repossessions for Veterans Affairs-backed loans, a new report from Auction.com found. Auction activity rose 19% year-over-year, according to the report, led by a 428% jump in foreclosure sales on VA-backed loans. The report cited the Federal government ending a VA
Foreclosure auctions spike, but bidders hold off on buying Read More »
Foreclosure headlines are making noise again – and they’re designed to stir up fear to get you to read them. But what the data shows is actually happening in the market tells a very different story than what you might be led to believe. So, before you jump to conclusions, it’s important to look at
The U.S. Foreclosure Map You Need To See Read More »
Foreclosures in 2025 are exceeding last year’s pace, but servicers are also managing to turn around the process more rapidly, according to a new report. Total filings, including default notices, auctions and bank repossessions, surged to 187,659 properties by midyear, up 5.8% compared to the first six months of 2024, according to the latest report
Foreclosures exceed last year’s pace by 6% Read More »
Mortgage lenders tightened their offerings in June in what could be a sign of greater difficulty for borrowers looking to get into a new home. New data from the Mortgage Bankers Association showed less credit on offer in June, the first decrease since late 2024. The trade group’s Mortgage Credit Availability Index, which tracks loan
Delinquency risk leads to less credit for borrowers Read More »