According to a new report from Redfin, recent homebuyers in certain places, like Sacramento and Phoenix, are at higher risk of falling underwater on their mortgage, while Florida homeowners are at even lower risk. New data found just 3.4% of U.S. homeowners who bought in the last two years would be underwater on their mortgage if home values were to fall 4% by the end of 2023. The typical home Continue Reading

CoreLogic’s Loan Performance Insights Report for September 2022 has found that 2.8% of all mortgages nationwide (approximately 1.4 million loans) were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.1 percentage point decrease compared to 3.9% in September 2021. The nation’s overall delinquency rate dropped for the 18th straight month Continue Reading

ATTOM has released its August 2022 U.S. Foreclosure Market Report, revealing a total of 34,501 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 14% from a month ago, and up 118% from a year ago. Key Findings: • Completed foreclosures increase 28% from last month • One in every 4,072 housing units had a foreclosure filing nationwide in Continue Reading

ATTOM’s latest Vacant Property and Zombie Foreclosure Report for Q2 shows that 1.3 million (1,304,007) residential properties in the nation currently sit vacant, representing 1.3% of all homes in the U.S., or one in 76 homes. Among those pre-foreclosure properties, 7,569 sit vacant in Q2, meaning that the number of zombie foreclosure properties went up quarterly by 2.8%. Zombie foreclosures Continue Reading

Up from 40% a year ago, 55% of real estate investors feel that their local market is overvalued and expect to see a price correction in the coming months. According to Auction.com, an online distressed real estate marketplace, a March 2022 survey of confirmed buyers who used their platform in the last three years also found that 17% of buyers predict flat or declining home prices in their home Continue Reading

ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for January which has found that there was a total of 23,204 properties with foreclosure filings against them, up 29% from December (which saw 17,971 filings) and up 139% from a year ago. Foreclosure activity has now surpassed numbers seen before the pandemic took hold of the Continue Reading

The Mortgage Bankers Association's (MBA) latest Loan Monitoring Survey has found that the number of U.S. loans in forbearance has dropped by 39 basis points from 2.06% of servicers' portfolio volume in the prior month, to 1.67% as of November 30, 2021. There are an estimated 835,000 U.S. homeowners who remain in forbearance plans nationwide. "The share of loans in forbearance in November Continue Reading