The State Of Foreclosure Activity As 2025 Nears
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The State Of Foreclosure Activity As 2025 Nears

By ERIN FLYNN JAY There has been an uptick in foreclosure activity this year but industry professionals say the impact on the national housing market will be manageable moving into 2025. Marina Walsh, vice president of industry analysis at the Mortgage Bankers Association, recently told The Mortgage Note that delinquencies increased across all product types….

Foreclosures Stay Low While Forbearances Jump

Foreclosures Stay Low While Forbearances Jump

Forbearances rose for the first time since 2022 last month but foreclosures remain few and far between. The Mortgage Bankers Association recently reported that the total number of loans in forbearance increased to 0.23% as of June 30. This puts approximately 115,000 homeowners in forbearance plans. Government loans in particular saw weakness in the performance…

Foreclosures Up, Trending Back To Pre-Pandemic Levels
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Foreclosures Up, Trending Back To Pre-Pandemic Levels

By ERIN FLYNN JAY Foreclosure numbers are up by double-digit numbers and industry leaders say they will continue to rise this year. Earlier this month, ATTOM, a curator of land, property, and real estate data, released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, scheduled auctions, and bank repossessions —…

Delinquencies Rise But Loss Mitigation Efforts Prevent Foreclosure
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Delinquencies Rise But Loss Mitigation Efforts Prevent Foreclosure

By KIMBERLEY HAAS Distressed homeowners who get behind on their mortgage bills are avoiding foreclosure. The Mortgage Bankers Association’s National Delinquency Survey was released last week and it showed that delinquencies increased in the third quarter to a rate of 3.62%, up 25 basis points from the second quarter and 17 basis points from a…

Serious Delinquencies Fell To Lowest Point Since 1999

Serious Delinquencies Fell To Lowest Point Since 1999

Serious mortgage delinquencies fell to their lowest point since 1999 in August, but financial pressures could force them up in the future. In August, 2.6% of all U.S. mortgages were in some stage of delinquency, down 0.2% YOY and 0.1% from July 2023, according to CoreLogic’s latest Loan Performance Insights Report. Early-stage delinquencies and adverse…

Housing Ended 2022 Strong, But Delinquencies Will Rise In 2023

Housing Ended 2022 Strong, But Delinquencies Will Rise In 2023

Despite the market correction, housing ended 2022 on a strong note, CoreLogic reports. Delinquencies and foreclosures were historically low throughout 2022 and remained that way at year-end, with both seeing only minor upticks in December compared to the previous six months. Both hit their bottoms in early 2022 and have barely moved since. Only 3%…

November Foreclosure Activity Up YOY But Slipped From October

November Foreclosure Activity Up YOY But Slipped From October

Foreclosure activity fell 5% in November from the month prior, remaining lower than pre-pandemic levels, according to a new report from ATTOM Data. Foreclosure filings were up 57% YOY due to last year’s moratoriums pushing activity to near zero and pushing data to artificially scary highs.  But activity remains below what ATTOM considers normal levels….

Delinquencies Reach Another Record Low
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Delinquencies Reach Another Record Low

Delinquencies dropped to another record low in March, with only 2.7% of all mortgages in the U.S. experiencing some stage of delinquency, according to CoreLogic’s monthly Loan Performance Insights Report. Delinquencies were down 2.2 percentage points from March 2021, when they were at 4.9%. The share of early-stage delinquencies, or loans 30 to 59 days…

Forbearances Hold Steady At Month-End

Forbearances Hold Steady At Month-End

In its last weekly report, Black Knight found forbearances largely holding steady in a “typical” pattern for the end of the month. Overall, forbearances rose by 2,300 plans last week. Loans held by portfolios and PSLs increased by 7,300 (+3.5%), though this was tempered by decreases for GSE loans (-1.2%, 2,400) and FHA/VA (-1.1%, 2,700)….

Q1 2022 Sets New Foreclosure High
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Q1 2022 Sets New Foreclosure High

Foreclosure activity rose in all 50 states in Q1 2022, with foreclosure starts and bank repossessions reaching their highest numbers in two years, according to ATTOM’s Q1 2022 Foreclosure Market Report. A total of 78,271 U.S. properties had a foreclosure filing during Q1, up 39% from Q4 2021 and 132% YOY. March alone saw 33,333…

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