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CFPB received fewer reverse mortgage complaints in 2024

Housing Wire

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. Reverse mortgages once again encompassed only a small share of all consumer complaints levied at the broader mortgage industry.

Mortgages 417
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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

Sales 435
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Need to sell your house fast? Here are 7 great options

Housing Wire

COVID changed the real estate industry in a big way since it provided many people with an opportunity to work remotely and live almost anywhere. There are many moving pieces to the economic part of the real estate industry that are unpredictable and uncontrollable. Consider a Short Sale.

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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. After the last housing crash, about 9.3

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Don’t expect a drop in home prices in 2023, NAR economist says

Housing Wire

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Fewer first-time homebuyers are competing these days

Housing Wire

Per the report, first-time homebuyers accounted for 30% of sales in July, dipping slightly from 31% in June and down from 34% year-over-year, NAR said. The post Fewer first-time homebuyers are competing these days appeared first on HousingWire.

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CFPB proposes foreclosure ban until 2022

Housing Wire

Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. Presented by: Auction.com. .”