Foreclosure completions fall sharply
Foreclosure completions fall sharply
The 36% consecutive-month drop could mark the start of a period in which a small wave of financially distressed homeowners sell their homes through alternative means, according to Attom Data Solutions.
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The 36% consecutive-month drop could mark the start of a period in which a small wave of financially distressed homeowners sell their homes through alternative means, according to Attom Data Solutions.
The 36% consecutive-month drop could mark the start of a period in which a small wave of financially distressed homeowners sell their homes through alternative means, according to Attom Data Solutions.
Foreclosure filings inched up last month, as activity slowly climbs toward pre-pandemic levels, but completions remain low relative to starts, according to industry data provider Attom.The total number of U.S. properties with foreclosure filings, such as default notices, scheduled auctions or bank repossessions, totaled 30,881 in May, an increase of 1% from April. Compared to a year ago when a COVID-related moratorium on foreclosures was still in place, Mayโs total came in 185% higher.ย In Ap...
Foreclosure filings inched up last month, as activity slowly climbs toward pre-pandemic levels, but completions remain low relative to starts, according to industry data provider Attom.The total number of U.S. properties with foreclosure filings, such as default notices, scheduled auctions or bank repossessions, totaled 30,881 in May, an increase of 1% from April. Compared to a year ago when a COVID-related moratorium on foreclosures was still in place, Mayโs total came in 185% higher.ย In Ap...
CNBC's Rick Santelli and Diana Olick join 'Squawk on the Street' to report on the latest housing numbers.
CNBC's Rick Santelli and Diana Olick join 'Squawk on the Street' to report on the latest housing numbers.
After the expiration of the foreclosure moratorium, cases are starting to appear in NYC, with Brooklyn claiming 40% of the city's 87 cases.
The post 2022 Q1 Foreclosure Report: NYC Records 87 Foreclosures Since End of Moratorium appeared first on PropertyShark Real Estate Blog.
After the expiration of the foreclosure moratorium, cases are starting to appear in NYC, with Brooklyn claiming 40% of the city's 87 cases.
The post 2022 Q1 Foreclosure Report: NYC Records 87 Foreclosures Since End of Moratorium appeared first on PropertyShark Real Estate Blog.
After the expiration of the foreclosure moratorium, cases are starting to appear in NYC, with Brooklyn claiming 40% of the city's 87 cases.
The post 2022 Q1 Foreclosure Report: NYC Records 87 Foreclosures Since End of Moratorium appeared first on PropertyShark Real Estate Blog.
After the expiration of the foreclosure moratorium, cases are starting to appear in NYC, with Brooklyn claiming 40% of the city's 87 cases.
The post 2022 Q1 Foreclosure Report: NYC Records 87 Foreclosures Since End of Moratorium appeared first on PropertyShark Real Estate Blog.
Key Takeaways:
NYC logged 87 first-time foreclosures following the end of the moratoriumCitywide lis pendens filings were 13% higher compared to Q1 2020Brooklyn claimed 40% of NYC foreclosures & highest concentration of foreclosures in one zipOnly 12 foreclosures recorded in Manhattan, along with 32 pre-foreclosuresQueens totaled 54% more lis pendens filing than during Q1 2020With only nine unique cases in the first quarter, the Bronx had the second-lowest foreclosure activity of th...
Key Takeaways:
NYC logged 87 first-time foreclosures following the end of the moratoriumCitywide lis pendens filings were 13% higher compared to Q1 2020Brooklyn claimed 40% of NYC foreclosures & highest concentration of foreclosures in one zipOnly 12 foreclosures recorded in Manhattan, along with 32 pre-foreclosuresQueens totaled 54% more lis pendens filing than during Q1 2020With only nine unique cases in the first quarter, the Bronx had the second-lowest foreclosure activity of th...
Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. That matches the record drop at the start of the Covid 19 pandemic. The rate, however, is still more than double what it was at the start of this year. In turn, stocks of homebuilders such as Lennar, DR Horton and Pulte jumped, along with ...
Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. That matches the record drop at the start of the Covid 19 pandemic. The rate, however, is still more than double what it was at the start of this year. In turn, stocks of homebuilders such as Lennar, DR Horton and Pulte jumped, along with ...
Overall, the property service firmโs Remortgage Index fell 5.1 points to 65 in the first quarter, its lowest reading since the first three months of 2021, but the survey says the market, โremains in firmly positive territoryโ.
The survey, conducted with the Centre of Economics and Business Research, shows the overall health of the remortgage market and tracks changes in four key indicators โ volume and value of remortgage approvals, remortgage borrowin...
Overall, the property service firmโs Remortgage Index fell 5.1 points to 65 in the first quarter, its lowest reading since the first three months of 2021, but the survey says the market, โremains in firmly positive territoryโ.
The survey, conducted with the Centre of Economics and Business Research, shows the overall health of the remortgage market and tracks changes in four key indicators โ volume and value of remortgage approvals, remortgage borrowin...
Key Takeaways:
NYC first-time foreclosures surged 146% over Q1 figuresCitywide lis pendens ticked up 7% Q-o-QQueens cases surged 300% Q-o-Q, reaching 124 first-time foreclosuresManhattan foreclosures dropped to just eight first-time filingsBrooklyn logs highest number of pre-foreclosures with 508 Staten Island recorded 50 new foreclosure cases after two years of no activityThe Bronx logged no foreclosures
Less than six months since the January 15 expiration of the COVID-...
Key Takeaways:
NYC first-time foreclosures surged 146% over Q1 figuresCitywide lis pendens ticked up 7% Q-o-QQueens cases surged 300% Q-o-Q, reaching 124 first-time foreclosuresManhattan foreclosures dropped to just eight first-time filingsBrooklyn logs highest number of pre-foreclosures with 508 Staten Island recorded 50 new foreclosure cases after two years of no activityThe Bronx logged no foreclosures
Less than six months since the January 15 expiration of the COVID-...
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...