ATTOM

Morning Roundup (11/23/2021)– Powell Renominated, Delinquencies Improve

Posted on by TMN Editor
Good Morning! Today is Tuesday, November 23. The Justice Department will pay $130 million to the survivors and families of victims of the Parkland, FL shooting, settling a lawsuit that alleged the FBI failed to investigate tips in advance of the tragedy. A defense attorney in the Ahmaud Arbery case is under scrutiny after making comments in court about the toes of the deceased. An Airbus A340 plane has landed on Antarctica for the first time. And in mortgage and housing news… Powell Renominated: President Biden renominated Jerome Powell to chair the Fed. Here’s what industry analysts think about the move. Black Knight First Look: The national delinquency rate continued to improve at a slow but steady pace last month, with especially impactful declines for loans…

ATTOM: Some Markets Still Vulnerable To Covid-19 Economic Pressures

Posted on by TMN Editor
Despite the pandemic receding and a housing market cooldown, some housing markets at the county level are still susceptible to damage from the pandemic, according to a new report from ATTOM. The Q3 2021 Special Coronavirus Report showed that New Jersey, Illinois, and Delaware had the highest concentrations of at-risk markets, totaling 26 of the 50 counties whose housing markets might be most impacted by Covid-19. To determine risk to the market, the report looked at the percentage of homes facing possible foreclosure, the portion with mortgage balances exceeding property values, and the percentage of average local wages required to pay for homeownership expenses on median-priced houses or condos. Included on the list are eight counties in the Chicago metro…