Homeowners are cashing out their equity like it's 2005
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black Knight's latest Mortgage Monitor Report
by Matt Carter Mar 8
More restrictions expire, ushering in new wave of home foreclosures
The number of homes with foreclosure filings rose 29% in January as lenders took advantage of expiring federal restrictions, according to new data from Attom Data Solutions
by Daniel Houston Feb 10
Foreclosures drop in December, capping off all-time low year
Foreclosure filings dropped 8% in December as a once-feared wave of mortgage defaults has largely failed to materialize, according to a new report from Attom Data Solutions
by Daniel Houston Jan 14
Knock Home Swap
More than 500,000 borrowers are in loss mitigation after pandemic relief from monthly mortgage payments expires, according to Black Knight's latest Mortgage Monitor Report
by Matt Carter Nov 2
Foreclosures remain low as banks start to churn out post-ban filings
The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels
by Daniel Houston Oct 13
Mortgage delinquency rates approach pre-pandemic levels
Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic
Struggling homeowners may evade foreclosure thanks to surging prices
Only 1 in 20 homes that hit the market next year will be foreclosed properties, according to a survey of real estate experts and economists
by Daniel Houston Sep 21
Americans cashing out as home equity hits record $9.1 trillion
Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic
by Matt Carter Sep 8
Housing insecurity ticks down in most states, but some worse off
Nationwide, the share of households behind on payments and worried about eviction or foreclosure has barely changed from a year ago, according to Household Pulse Survey
by Daniel Houston Sep 7
1.7M homeowners still in forbearance as protections expire
Loan servicers must attempt to work with borrowers before initiating foreclosure proceedings
by Matt Carter Aug 9
End of forbearance programs could strain loan servicers
Companies that collect mortgage payments expected to help homeowners avoid foreclosure
by Matt Carter Aug 2
Eviction and foreclosure bans end
Economists and housing experts share what could unfold for homeowners, renters and the economy now that the CDC's eviction and foreclosure moratorium is over
by Marian McPherson Jul 31
1M homeowners face elevated risk of foreclosure when protections lift
Delinquency rates are at the lowest level since the pandemic began, but borrower protections are lifting in September: Black Knight
by Matt Carter Jul 21
Foreclosure watch: The 10 most at-risk US cities
Even as home values soar, many out-of-work homeowners are at risk of having their home foreclosed on due to missed payments
Long Island man continues 20-year stint in house on just 1 mortgage payment
Guramrit Hanspal, who hasn't made a mortgage payment on his home since 1998, avoided another court confrontation — and eviction — in early July