Tag Archives: Foreclosure

There is little doubt that the COVID-19 pandemic will give rise to more foreclosures, but industry professionals predict conditions won’t be nearly as bad as they were in 2008-2010, for a few reasons.   A prominent housing analyst told Bankrate.com to expect hundreds of thousands of defaults next year as mortgage forbearance periods end. ...

This extends the ban until next year and covers the roughly 8.1 million homeowners with single-family mortgages insured by the FHA.

Even once trends begin to change, one expert suggests several factors "should give many distressed homeowners an opportunity.”

As Congress remains deadlocked on latest coronavirus relief package, a new study anticipates worst-, middle-, and best-case outcomes for foreclosure rates.

Will the legislation included more provisions to assist homeowners to make mortgage payments?

However, mortgages that are 90 or more days past due was at its highest level since early 2011.

The reported rate of 0.12% represents just one in every 824 housing units. However, certain markets continue to see foreclosures rising.

Data shows that just 0.12%—one of every 824 properties—filed for foreclosure during the first half of the year.

The FHFA announced that the 30-59 day and serious delinquency rate saw increases.

More properties became newly delinquent in April than in any single month during the Great Recession