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HomeForeclosures

Foreclosures

Foreclosures
Housing

Foreclosures Are Rising: Here’s What Experts Say It Means for the Housing Market

August 21, 2023 Mark Paul Cervantes Comments Off on Foreclosures Are Rising: Here’s What Experts Say It Means for the Housing Market

Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding […]

Foreclosures
Top News

Foreclosures Are Rising: Here’s What Experts Say It Means for the Housing Market

July 31, 2023 Mark Paul Cervantes Comments Off on Foreclosures Are Rising: Here’s What Experts Say It Means for the Housing Market

Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding […]

Weely Real Estate News

Zombie Foreclosures continue to increase across the nation

February 23, 2023 Mark Paul Cervantes Comments Off on Zombie Foreclosures continue to increase across the nation

ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,284,048) residential properties in the United States sit vacant. That figure […]

Weely Real Estate News

Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook

February 20, 2023 Mariel Alumit Comments Off on Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook

The post Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook appeared first on Weekly Real Estate News.

Homeowners
Weely Real Estate News

‘Zombie Debt’: Homeowners face foreclosure on old mortgages

November 19, 2022 Stu Turley Comments Off on ‘Zombie Debt’: Homeowners face foreclosure on old mortgages

Source: Centre Daily Times —  Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was […]

Housing Market
Housing

Why This Housing Market Is Not a Bubble Ready To Pop

August 5, 2022 Mariel Alumit Comments Off on Why This Housing Market Is Not a Bubble Ready To Pop

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less […]

Foreclosures
U.S. Market

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

June 6, 2022 Mariel Alumit Comments Off on What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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