Expect a foreclosure spike in the coming months
Expect a foreclosure spike in the coming months
Abstract
Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months.
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Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months.
The post Expect a foreclosure spike in the coming months appeared first on HousingWire.
Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months.
The post Expect a foreclosure spike in the coming months appeared first on HousingWire.
This follows from the first three months of the year when lenders reported that the availability of secured credit to households dropped, according to the BoE’s quarterly Credit Conditions Survey.
Lenders said they have become less willing to lend to first-time buyers or those with housing equity less than 10% of the value of their home dropping from a positive 0.9 in Q2 to a negative 0.9 in the next three months.
Demand for secured lending for house purchas...
This follows from the first three months of the year when lenders reported that the availability of secured credit to households dropped, according to the BoE’s quarterly Credit Conditions Survey.
Lenders said they have become less willing to lend to first-time buyers or those with housing equity less than 10% of the value of their home dropping from a positive 0.9 in Q2 to a negative 0.9 in the next three months.
Demand for secured lending for house purchas...
June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market.
The post A cooling housing market could slow even further in coming months appeared first on HousingWire.
June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market.
The post A cooling housing market could slow even further in coming months appeared first on HousingWire.
Investors are also pulling back. By Wolf Richter for WOLF STREET. Sales of all types of previously owned homes – houses, condos, and co-ops – fell for the eighth month in a row, by 1.5% in September from August, to a seasonally adjusted annual rate of sales of 4.71 million homes, according to the National Association of Realtors in its report. Compared to the peak in October 2020, sales were down 30%. Beyond the two lockdown months of April and May 2020, this was the lowest rate of sa...
Investors are also pulling back. By Wolf Richter for WOLF STREET. Sales of all types of previously owned homes – houses, condos, and co-ops – fell for the eighth month in a row, by 1.5% in September from August, to a seasonally adjusted annual rate of sales of 4.71 million homes, according to the National Association of Realtors in its report. Compared to the peak in October 2020, sales were down 30%. Beyond the two lockdown months of April and May 2020, this was the lowest rate of sa...
It’s often said, the greater the risk, the greater the reward. But if you’re going for gold, crossing a minefield blindfolded isn’t the best start. It’s a common story – some industrious person or group of people come together and decide they want to put their talents to work purchase...
The post Buyer Beware – Foreclosure Auction Landmines appeared first on Loan Lawyers.
It’s often said, the greater the risk, the greater the reward. But if you’re going for gold, crossing a minefield blindfolded isn’t the best start. It’s a common story – some industrious person or group of people come together and decide they want to put their talents to work purchase...
The post Buyer Beware – Foreclosure Auction Landmines appeared first on Loan Lawyers.
On the directions of CHB’s chief executive officer (CEO) Yashpal Garg, the board spent Rs 30 lakh to renovate these properties, which are now ready for e-tender on freehold basis.
On the directions of CHB’s chief executive officer (CEO) Yashpal Garg, the board spent Rs 30 lakh to renovate these properties, which are now ready for e-tender on freehold basis.
Billed as a “knowledge community,” Rowen will feature offices, research facilities, public spaces and multifamily residences.
The post Billion-Dollar Research Hub Coming to Metro Atlanta appeared first on Commercial Property Executive.
Billed as a “knowledge community,” Rowen will feature offices, research facilities, public spaces and multifamily residences.
The post Billion-Dollar Research Hub Coming to Metro Atlanta appeared first on Commercial Property Executive.
If I have a reverse mortgage and left my home permanently vacated can I turn over the house to HUD with a deed in lieu of foreclosure?
The post How a Reverse Mortgage Deed in Lieu of Foreclosure Works appeared first on All Reverse Mortgage.
If I have a reverse mortgage and left my home permanently vacated can I turn over the house to HUD with a deed in lieu of foreclosure?
The post How a Reverse Mortgage Deed in Lieu of Foreclosure Works appeared first on All Reverse Mortgage.
Lawrence Yun, National Association of Realtors chief economist, joins 'Power Lunch' to discuss what spurred the decline in housing data, what a rise in listings tells Yun and more.
Lawrence Yun, National Association of Realtors chief economist, joins 'Power Lunch' to discuss what spurred the decline in housing data, what a rise in listings tells Yun and more.
The pile of listings is growing, and it’s taking longer to sell. That’s what so many housing markets across the country are experiencing right now. We’re on the cusp of seeing some real change in the stats over the next few months. Here are some things on my mind. Anything to add? Why have we seen a spike in listings? We have almost 3,400 active listings today in the Sacramento region. This is actually still lower than a normal level, but over the past two months there has been a dramat...
The pile of listings is growing, and it’s taking longer to sell. That’s what so many housing markets across the country are experiencing right now. We’re on the cusp of seeing some real change in the stats over the next few months. Here are some things on my mind. Anything to add? Why have we seen a spike in listings? We have almost 3,400 active listings today in the Sacramento region. This is actually still lower than a normal level, but over the past two months there has been a dramat...