Delinquencies hit new lows, foreclosure inventory inches up
Delinquencies hit new lows, foreclosure inventory inches up
While the number of loans with payments that have been late for three months or more has fallen, it’s still higher than in early 2020, according to Black Knight.
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While the number of loans with payments that have been late for three months or more has fallen, it’s still higher than in early 2020, according to Black Knight.
While the number of loans with payments that have been late for three months or more has fallen, it’s still higher than in early 2020, according to Black Knight.
According to Black Knight’s “first look” report for March, 2022, the national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020. Interestingly, Black Knight says that while serious delinquencies (90+ past due but not in foreclosure) fell 12% [...]
The post Mortgage Delinquencies Hit Record Low in March appeared first on Real Estate Investing Today.
According to Black Knight’s “first look” report for March, 2022, the national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020. Interestingly, Black Knight says that while serious delinquencies (90+ past due but not in foreclosure) fell 12% [...]
The post Mortgage Delinquencies Hit Record Low in March appeared first on Real Estate Investing Today.
Delinquencies slightly bounced up in the month of July, but were 1.2% lower on a year-over-year basis, a monthly report published by CoreLogic found.Three percent of all mortgages were 30 or more days past due or in foreclosure in July. This was down from 4.2% in July 2021, but an increase from 2.9% a month ago.The percentage of loans between 30 and 59 days also slightly increased to 1.3% from 1.2% in June. The increase in early-stage delinquencies is a "clear increasing trend on a month-over-mo...
Delinquencies slightly bounced up in the month of July, but were 1.2% lower on a year-over-year basis, a monthly report published by CoreLogic found.Three percent of all mortgages were 30 or more days past due or in foreclosure in July. This was down from 4.2% in July 2021, but an increase from 2.9% a month ago.The percentage of loans between 30 and 59 days also slightly increased to 1.3% from 1.2% in June. The increase in early-stage delinquencies is a "clear increasing trend on a month-over-mo...
For each issue of Elliman Magazine produced by Douglas Elliman, the same company that publishes most of our U.S. market research, I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market. Of course, the graphic I create is then supercharged by their very talented graphics staff. Listing inventory has essentially collapsed in most U.S. housing markets as unusually low rates against the backdrop of robust economic conditions have burned off supp...
For each issue of Elliman Magazine produced by Douglas Elliman, the same company that publishes most of our U.S. market research, I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market. Of course, the graphic I create is then supercharged by their very talented graphics staff. Listing inventory has essentially collapsed in most U.S. housing markets as unusually low rates against the backdrop of robust economic conditions have burned off supp...
According to ATTOM Data’s latest U.S. Foreclosure Market Report, properties with a foreclosure filing during Q1 2022 were up 39% from the previous quarter and up 132% from a year ago. In addition, ATTOM says there were a total of 33,333 U.S. properties with foreclosure filings in March 2022, up 29% from February and up [...]
The post Foreclosure Starts Up in all 50 States appeared first on Real Estate Investing Today.
According to ATTOM Data’s latest U.S. Foreclosure Market Report, properties with a foreclosure filing during Q1 2022 were up 39% from the previous quarter and up 132% from a year ago. In addition, ATTOM says there were a total of 33,333 U.S. properties with foreclosure filings in March 2022, up 29% from February and up [...]
The post Foreclosure Starts Up in all 50 States appeared first on Real Estate Investing Today.
Servicers are broadly expecting foreclosure activity to accelerate, but they think the increase will be relatively small, according to a new Auction.com survey.The vast majority or 74% anticipate a "slight" uptick in the next 12 months compared to what's been seen so far this year, in line with other indicators showing mortgage default rates are on the rise but still below pre-pandemic levels. Only 15% of servicers are planning for a "substantial" increase in completed foreclosure volume, and 1...
Servicers are broadly expecting foreclosure activity to accelerate, but they think the increase will be relatively small, according to a new Auction.com survey.The vast majority or 74% anticipate a "slight" uptick in the next 12 months compared to what's been seen so far this year, in line with other indicators showing mortgage default rates are on the rise but still below pre-pandemic levels. Only 15% of servicers are planning for a "substantial" increase in completed foreclosure volume, and 1...
When it comes to the housing market, Greater Cincinnati is not seeing the same cool down as many other cities across the country.
When it comes to the housing market, Greater Cincinnati is not seeing the same cool down as many other cities across the country.
Analysis and Data
U.S. Foreclosure Filings Up 185% YOY In May
David Krechevsky
Jun 14, 2022
Rose 1% in May from April as activity continues steady climb toward normal.
KEY TAKEAWAYS
There were a total of 30,881 U.S. properties with foreclosure filings in May, up 1% from April but up 185% from May...
Analysis and Data
U.S. Foreclosure Filings Up 185% YOY In May
David Krechevsky
Jun 14, 2022
Rose 1% in May from April as activity continues steady climb toward normal.
KEY TAKEAWAYS
There were a total of 30,881 U.S. properties with foreclosure filings in May, up 1% from April but up 185% from May...