Tag Archives: Foreclosures

A report by the New York Fed pointed to rising mortgage balances among households in the second quarter. Here’s a break down of how housing and non-housing debt contributed to what households owed.

The updated policy is aimed at helping struggling borrowers in Puerto Rico and the U.S. Virgin Island impacted by Hurricanes Irma and Maria. See what the FHA said to mortgage servicers and lenders about this policy.

A computer error at the bank led to hundreds of accidental foreclosures, according to the company's quarterly filings. Here's how the bank plans to compensate the affected customers.

Housing starts are on the rise and consumer confidence is increasing a report found. However, there are two factors that could deter further progress.

The housing market is grappling with supply shortages according to a report on the state of the U.S. housing market. What else has the market gone through during the quarter? Click through to learn more ...

The housing market across the country is experiencing an ongoing shortage of available housing inventory and it’s no different in Florida, where the latest data provided by Florida ...

Existing home sales declined slightly in January 2018, according to the LegalShield Law Index, a collection of five indices tracking multiple key economic indicators published monthly by LegalShield, an ...

New data shows that mortgage originations are in freefall. While both purchase loan originations and refinances took a hit, refis saw the steepest drop, decreasing 34 percent over the first quarter of the year. Purchase originations dipped 21 percent over the same period. The average credit score of borrower is also on the decline, which could dampen the market if the trend keeps up.

According to a new report, both 30-day delinquencies and 90-day delinquencies are down over the year, and foreclosure inventory has dropped. Only 5 percent of mortgages are 30 or more days delinquent, a dip from February 2016’s 5.5 percent. Loans 90 or more days delinquent are down too, falling from 2.8 percent to 2.2 percent year over year. The number of homes currently at some stage of the foreclosure process dropped from 1.1 percent to 0.8 percent.

According to a recent credit condition study, the Midwest has the best credit conditions compared to states in the South and Southwest.