Foreclosure

ATTOM: Foreclosures Low in 2020, But a Backlog Is Awaiting

The Year-End 2020 U.S. Foreclosure Market Report from ATTOM Data Solutions shows that foreclosure filings were reported on 214,323 U.S. properties during the year, which was down 57 percent from 2019 and 93 percent from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005. Those properties with foreclosure filings (default notices, scheduled auctions …

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Foreclosure Activity Hits Record Low as Moratoriums Remain in Place

Despite seasonal headwinds, mortgage delinquencies improved for the sixth consecutive month in November, falling to 6.33% of all loans, down from 6.44% in October, according to Black Knight’s First Look report. That’s down from a peak of 7.8% in May. Still, loan performance has a long way to go before it reaches pre-pandemic levels. Total delinquencies are up nearly 80% …

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‘Stunning’ Delinquency Spike Could Mean ‘Bumpy Waters Ahead’

Due to forbearance plans, home foreclosures are at record lows, but skyrocketing serious-delinquency rates point to a rough road ahead. That is, according to CoreLogic, provider of property-data analysis, which just released its monthly Loan Performance Insights report for August. It showed, nationally: Overall delinquency rate for August was 6.6%. The rate for early-stage delinquencies … The post ‘Stunning’ Delinquency …

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Zombie Property Totals Down in Q4

Property data provider ATTOM Data Solutions Thursday reported that about 1.6 million residential properties, or 1.6% of all U.S. homes, are vacant. That is according to the Q4 2020 Vacant Property and Zombie Foreclosure Report, which offers a snapshot of the market in the fourth quarter. The report analyzes foreclosure status, equity, and owner-occupancy status … The post Zombie Property …

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Updates on Statewide Foreclosure and Eviction Moratoria

The COVID-19 pandemic has been the impetus for federal foreclosure prevention measures. Many states also have taken their own measures. The legal-news site JDSupra has provided a summary of the most-recent statewide foreclosure and eviction moratoria updates. Its updates specifically examine extensions or expirations of relating to properties in California, Florida, Massachusetts, New York, and … The post Updates on …

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DS5: Housing Forecasts & the State of Foreclosure Auctions

In this week’s DS5: Inside the Industry, Auction.com’s VP of Market Economics, Daren Blomquist, shares his thoughts on where housing is headed and what effects the health crisis is having on foreclosure auctions. The post DS5: Housing Forecasts & the State of Foreclosure Auctions appeared first on DSNews.

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