Servicers anticipate further ramp-up in foreclosure activity
Servicers anticipate further ramp-up in foreclosure activity
Abstract
The vast majority or 74% anticipate a "slight" uptick in the next 12 months compared to what's been seen so far this year. Only 15% of servicers are planning for a "substantial" increase in completed foreclosure volume, and 11% think activity will decrease. Sellers are largely optimistic due to high home equity levels. The Midwest to be the most foreclosure-prone region, followed by the Northeast and the South. Over 40% of Servicers expect the North and the Northeast.
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