Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association
Loan servicers must attempt to work with borrowers before initiating foreclosure proceedings
Companies that collect mortgage payments expected to help homeowners avoid foreclosure
Opinion
Anyone believing but there will be a flood of homes that will be foreclosed on either toward the end of this year or in 2022 is likely to be disappointed. Here's a closer look
Delinquency rates are at the lowest level since the pandemic began, but borrower protections are lifting in September: Black Knight
Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments
Agents can win real estate-owned listings from loan servicers and manage their own properties
Sale-leasebacks can be a lifeline to homeowners struggling to make mortgage payments, but consumer advocacy groups are concerned over the low sales prices investors offer
Idaho, Colorado, Utah, Washington and Montana have lowest delinquency rates in U.S.
Opinion
Given the soaring costs we’re seeing in almost every aspect of our lives, the end of forbearance programs and rent moratoriums, coupled with the age of boomers who own 42% of the inventory, the inventory dam has definitely started leaking
But an estimated 2.1 million homeowners are still taking a break from mortgage payments
The share of homes in forbearance continues to dwindle, but many owners haven't made a payment in 12 months or more
Alarm bells aren't ringing, but analysts are keeping a close eye on the trend
Of the 7.1 million homeowners who were granted forbearance during the pandemic, two-thirds have already left