Why inland California housing is so exposed to downturn risk: Report
Data provider Attom tracks the 50 US communities most at risk of further housing decline. Half of them are located in 1 of 3 places
by Daniel Houston Mar 6
Mortgage assistance for Hawaii fire victims includes forbearance help
Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents
by Matt Carter Aug 15
Former Keller Williams NYC office auctions for $11.3M
Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock's battle for their 377 Broadway office is officially over as a new owner snapped it up, according to a report
by Marian McPherson Jul 28
Angelo Mozilo, symbol of subprime mortgage lending, dies at 84
Co-founder of Countrywide Financial cast himself as the leader of revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse
by Matt Carter Jul 18
Loan servicers' pandemic-relief efforts 'a major success story'
Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36M 'home retention actions' during the COVID-19 pandemic
by Matt Carter Jun 26
Dreading a rise in foreclosures? Here's one economist's take
Opinion
Windermere Chief Economist Matthew Gardner looks at the latest data on foreclosure starts and the quality of mortgages that have been given to buyers
by Matthew Gardner Mar 29
Wells Fargo paying $3.7B to settle mortgage, auto loan allegations
Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least 7 years, in some cases leading customers to lose their homes
by Matt Carter Dec 20
Home price declines leave 450,000 borrowers underwater
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor
by Matt Carter Dec 5
Prices may be dropping, but homes still have loads of equity
As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in Q3 2022, according to a new report from Attom.
by Daniel Houston Nov 2
Hints of more layoffs loom at Mr. Cooper as profits wane in Q3
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio
by Matt Carter Oct 28
Q4 shows continued rise of properties in foreclosure: Report
The number of homes in some stage of the foreclosure process rose 27.4% compared to the year before, with the number of vacant homes in foreclosure rising for the third straight quarter
by Taylor Anderson Oct 26
Homebuyer education, counseling no panacea for mortgage default
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers
by Matt Carter Sep 9
Banks reclaim more properties in August as foreclosures tick upward
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change
by Daniel Houston Sep 8
Zombie foreclosures post 1st increase since moratorium's end
The number of vacant properties going through the foreclosure process is up once again to just over 7,500 in Q2, according to Attom Data Solutions, even as fewer total properties lie vacant
by Daniel Houston Jun 1
After reaching historic lows, the foreclosure pipeline is starting to fill
Although the numbers remain below historical levels, ‘it’s not going to be a surprise when we see the foreclosure numbers starting to rise,’ according to Daren Blomquist of Auction.com
by Taylor Anderson Apr 4