Foreclosure

Blue Jay Home Buyers in Hartford Making the Home Selling Process Stress-Free for Homeowners

Saturday, October 17, 2020 - 1:00pm

No matter the problem a homeowner has faced, Blue Jay Home Buyers have been able to help.

Key Points: 
  • No matter the problem a homeowner has faced, Blue Jay Home Buyers have been able to help.
  • Whether it be foreclosure, bad tenants, inherited property problems, or simply wanting to downsize without any hassle, Blue Jay Home Buyers wants to help homeowners sell a house fast .
  • Blue Jay Home Buyers has an easy, three-step process that makes the home selling simple.
  • Blue Jay Home Buyers is a reliable home buying company in Hartford that can help homeowners sell their house fast.

Fast House Buyers Offers the Easiest Home Selling Process in San Antonio

Saturday, October 17, 2020 - 1:00pm

Fast House Buyers offer solutions and help homeowners sell their house for cash in less than a week's time.

Key Points: 
  • Fast House Buyers offer solutions and help homeowners sell their house for cash in less than a week's time.
  • Whether it be foreclosure, burdensome inheritance, divorce settlements, or tax issues, Fast House Buyers in San Antonio, TX, offers a simple solution for any issues homeowners are facing.
  • Instead of listing the house on MLS as a real estate agent would do, Fast House Buyers are signing a contract with the homeownerto buy their San Antonio house.
  • The best way to avoid foreclosure in San Antonio is with the help of Fast House Buyers.

Q3 2020 U.S. Foreclosure Activity Reaches Historical Lows As The Foreclosure Moratorium Stalls Filings

Thursday, October 15, 2020 - 5:01am

The report also shows there were a total of 9,707 U.S. properties with foreclosure filings in September 2020, down 2 percent from the previous month and down 80 percent from September 2019.

Key Points: 
  • The report also shows there were a total of 9,707 U.S. properties with foreclosure filings in September 2020, down 2 percent from the previous month and down 80 percent from September 2019.
  • Highest foreclosure rates in South Carolina, Illinois, New Mexico
    Nationwide one in every 5,048 properties had a foreclosure filing in Q3 2020.
  • Properties foreclosed in Q3 2020 had been in the foreclosure process an average of 830 days, up from 685 days in the previous quarter but down slightly from 841 days in Q3 2019.
  • Lenders completed the foreclosure process on 2,013 U.S. properties in September 2020, down 1 percent from the previous month and down 83 percent from a year ago.

CoreLogic Reports An Emerging Paradox: U.S. Serious Delinquencies Spiking Despite Strong Housing Demand

Tuesday, October 13, 2020 - 1:00pm

Serious Delinquency (90 days or more past due, including loans in foreclosure): 4.1%, up from 1.3% in July 2019.

Key Points: 
  • Serious Delinquency (90 days or more past due, including loans in foreclosure): 4.1%, up from 1.3% in July 2019.
  • Foreclosure Inventory Rate (the share of mortgages in some stage of the foreclosure process): 0.3%, down from 0.4% in July 2019.
  • CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities.
  • CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.

Black Knight: At Current Rate of Improvement, Delinquencies Will Remain Above Pre-Pandemic Levels Until 2022; Loss Mitigation and High Levels of Equity Help Mitigate Foreclosure Risk

Monday, October 5, 2020 - 2:00pm

At the current rate of improvement, delinquencies would remain above pre-pandemic levels until March 2022.

Key Points: 
  • At the current rate of improvement, delinquencies would remain above pre-pandemic levels until March 2022.
  • "While this may seem to paint a bleak picture for the future, multiple mitigating factors could help to reduce any resulting foreclosure wave.
  • Just 54,000 loans at present represent significant risk having left forbearance, are past due and not engaged in loss mitigation efforts.
  • These strong equity positions help to provide a backstop to elevated delinquency levels and slow recovery from COVID-19-related impacts.

KBRA Releases RMBS ESG Research: Bridging the Minority Homeownership Gap: Credit Perspectives on Down Payment Assistance Programs

Tuesday, September 29, 2020 - 3:57pm

This report examines the growing gap in homeownership rates between minority and white Americans, while addressing the potential credit risk implications of the proposed down payment assistance grant policies and the impacts on home equity leverage levels.

Key Points: 
  • This report examines the growing gap in homeownership rates between minority and white Americans, while addressing the potential credit risk implications of the proposed down payment assistance grant policies and the impacts on home equity leverage levels.
  • Our analysis focuses on the below areas:
    Consideration of a range of property values and loan amounts typical of areas targeted for homeownership support.
  • Potential variations in expected grant support including full, partial and no grant support levels.
  • Associated default and loss expectations using KBRAs RMBS Residential Mortgage Default and Loss Model.

Black Knight's First Look: Early-Stage Delinquencies Improve Further, While Seriously Past-Due Loans Rise; Rate of Improvement Slows

Wednesday, September 23, 2020 - 2:00pm

1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • 1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • For more information about gaining access to Black Knight's loan-level database, please send an email to Mortgage.Monitor@bkfs.com .

Existing-Home Sales Hit Highest Level Since December 2006

Tuesday, September 22, 2020 - 4:00pm

Distressed sales5 foreclosures and short sales represented less than 1% of sales in August, equal to July's percentage, but down from 2% in August 2019.

Key Points: 
  • Distressed sales5 foreclosures and short sales represented less than 1% of sales in August, equal to July's percentage, but down from 2% in August 2019.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.
  • 5Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR's Realtors Confidence Index , posted at nar.realtor.

Take Charge America Offering Free One-On-One Housing Counseling During October

Monday, September 21, 2020 - 6:19pm

In response to ongoing economic impacts of COVID-19, Phoenix-based Take Charge America has made its one-on-one housing counseling services free through the end of October.

Key Points: 
  • In response to ongoing economic impacts of COVID-19, Phoenix-based Take Charge America has made its one-on-one housing counseling services free through the end of October.
  • Whether facing eviction, shopping for a home in a tight market or experiencing anxiety about foreclosure or mortgage default, people are experiencing a wide range of struggles related to housing because of the pandemic, said Jeremy Wine, manager of housing counseling services for Take Charge America.
  • The HUD-approved, nonprofit credit and housing counseling agency offers three types of housing counseling services:
    For individuals ready to buy a home or exploring their options, pre-purchase counseling will help determine what type of housing suits their needs, discuss budgeting for house-related expenses and the logistics of the home buying process.
  • Founded in 1987, Take Charge America, Inc. is a nonprofit agency offering financial education and counseling services including credit counseling, debt management, student loan counseling, housing counseling and bankruptcy counseling.

Freddie Mac Confirms Disaster Relief Options for Homeowners Affected by Hurricane Sally and the Ongoing Wildfires

Wednesday, September 16, 2020 - 9:00pm

Freddie Mac's disaster relief options are available to homeowners whose homes or places of employment are located in presidentially-declared Major Disaster Areas where federal individual-assistance programs are made available to affected individuals and households.

Key Points: 
  • Freddie Mac's disaster relief options are available to homeowners whose homes or places of employment are located in presidentially-declared Major Disaster Areas where federal individual-assistance programs are made available to affected individuals and households.
  • Freddie Mac stands ready to ensure mortgage relief is made available to homeowners affected by these natural disasters.
  • Freddie Mac Single-Family disaster relief policies authorize mortgage servicers to help affected borrowers in eligible disaster areas: those federally-declared Major Disaster Areas where federal individual assistance programs have been extended.
  • Freddie Mac mortgage relief options for affected homeowners in eligible disaster areas include:
    Suspending foreclosures by providing forbearance for up to 12 months;
    Waiving assessments of penalties or late fees against homeowners impacted by an eligible disaster.