According to mortgage delinquency data compiled by Black Knight, Inc., in November 2017, 90-day delinquent loan inventory saw the largest month-over-month increase in nine years due to the impacts of Hurricanes Harvey and Irma. November increases in severely delinquent mortgage inventory have been observed in nine out of the past 10 years, according to Black Knight, but the spike in 90-day Continue Reading
Archives for December 2017
Fannie and Freddie Announce Holiday Eviction Moratoriums
Both Fannie Mae and Freddie Mac today announced eviction moratoriums for the holidays, designed to help buy struggling homeowners time to explore their options. Fannie Mae will suspend evictions of foreclosed single-family properties during the holiday season from December 18, 2017, through January 2, 2018. This suspension applies to single-family and 2-4 unit properties. The moratorium doesn’t Continue Reading
U.S. Home Flipping Returns Drop To Two-Year Low In Q3 2017
YTD 2017 Home Flips Still on Pace to Equal 10-Year High of 2016; Lowest Ratio of Flips Per Investor Since Q2 2008 ATTOM Data Solutions, curator of the nation's largest multi-sourced property database, today released its Q3 2017 U.S. Home Flipping Report, which shows that single family homes and condos flipped in the third quarter yielded an average gross flipping profit of $66,448 per flip, Continue Reading
