Tuesday , 26 January 2021

REO

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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Mortgage Industry Professionals Discuss 2021’s Anticipated Challenges

This week, Safeguard Properties is once again hosting its annual National Property Preservation Conference. A tradition since 2004, the event—this year fully virtual due to COVID-19—provides an “outlet for industry leaders to collaborate and innovate,” according to organizers.   This year’s virtual conference kicked off Tuesday with a keynote address by Min Alexander, GM and COO for online residential real estate auction marketplace Auction.com.   Alexander said a few things that latter panelists echoed. While acknowledging … The post Mortgage Industry …

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Housing Outlook Maybe Not as ‘Rosy’ as it Seems

An expert on a webinar panel said analysis of interest rates, forbearance numbers, and stimulus developments can help provide a more realistic understanding of housing developments. The post Housing Outlook Maybe Not as ‘Rosy’ as it Seems appeared first on DSNews.

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Where Zombie Properties Are Accumulating

A new report indicated that 1.6 percent of all homes in the U.S. are vacant, numbering 1,570,265 residential properties, with 7,960 or 3.7% of those vacant properties in the process of foreclosure, otherwise known as “zombie foreclosures.”  That is according to ATTOM Data Solutions’ newly released Q3 2020 Vacant Property and Zombie Foreclosure Report.   The Company’s most recent vacant … The post Where Zombie …

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FHFA Releases Annual Update on Conservatorship and Securities

The report makes recommendations to Congress about potential legislation to enhance the safety and soundness of the regulated entities and move our nation toward a stronger, more resilient housing finance system.  The post FHFA Releases Annual Update on Conservatorship and Securities appeared first on DSNews.

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DS5: How Technology is Aiding Auctions

On this episode of DS5: Inside the Industry, Auction.com SVP Jesse Roth delves into how foreclosure volumes can be impacted by coronavirus. He also discusses how technology can aid in disposition in today’s socially distanced environment. The post DS5: How Technology is Aiding Auctions appeared first on DSNews.

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