Archives For: Industry Updates
UWM Completes Test of Cryptocurrency Mortgage Payments
United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.
14 Oct 2021
This is the Most At-Risk Housing Market in America
Based on an index of three measures (foreclosure rates, share of underwater mortgages and affordability) at the county level, 24/7 Wall St. identified the most at-risk housing markets.
14 Oct 2021
Q3 2021 U.S. Foreclosure Activity Begins to See Significant Increases as Foreclosure Moratorium is Lifted
ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac, the largest online marketplace for foreclosure and distressed properties, released its Q3 2021 U.S. Foreclosure Market Report, which shows there were a total of 45,517 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 34 percent from the previous quarter and 68 percent from a year ago.
13 Oct 2021
Mortgage Delinquency Stats Revealed in Latest CoreLogic Report
Mortgage delinquency rates in the US dropped 2.3% year over year in July, according to CoreLogic’s latest Loan Performance Insights Report. Data showed that the share of mortgages in some stage of delinquency was down to 4.2% in July – the lowest rate since March 2020.
13 Oct 2021
Over Half of Delinquent Homeowners have Missed Six Payments
According to CoreLogic, approximately half of the nations delinquencies are borrowers who are at least six months past due.
12 Oct 2021
Davis: 472 Properties in Danger of Foreclosure
The Clinton County Treasurer’s Office has filed the combined notice and petition of foreclosure, giving official notice to those who have not paid their property taxes for 2020 or prior years.
12 Oct 2021
As 1.2 Million Mortgage Holders Exit Forbearance, Unexpected Hurdles
COVID-19 forbearance protections have officially ended — or will be ending soon — for 1.2 million out of an estimated 1.7 million loans that remained in forbearance as of August 2021, according to CoreLogic.
11 Oct 2021
New HUD Rule Aims to Prevent Public Housing Evictions
A proposed HUD rule will ban evictions without giving tenants 30-days’ notice and providing info on available federal emergency assistance.
11 Oct 2021
Comments on September Unemployment
The headline jobs number in the September employment report was well below expectations. Unemployment rate decreases by 4.8% in September.
8 Oct 2021
Black Knight: Number of Homeowners in COVID-19- Related Forbearance Plans “Largest Weekly Decline in 12 Months”
The number of active forbearance plans fell by 177,000 this week with declines seen across all investor classes, led by an 84,000 plan drop among FHA/VA loans. Overall, forbearances have declined by 17% over the past 30 days.
8 Oct 2021