Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies.

Loans 508

Loans Principal Mortgages Real-estate owned 508

Housing Wire

MARCH 26, 2024

The GSEs’ real estate-owned (REO) inventory decreased slightly to 10,902 in Q4, down from 11,019 in Q3 as REO dispositions outpaced acquisitions, the report noted. A rise in mortgage rates in the fourth quarter led total refinance volume to decline to 71,378 loans, down from 83,522 in Q3 2023.

VA loan 488

VA loan FHA loan Short sale Loans 488

Housing Wire

JANUARY 19, 2021

The Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, this time until Feb. The foreclosure moratorium applies to GSE-backed, single-family mortgages only. 28, 2021. “To

Real-estate owned 482

Real-estate owned Lending Finance Mortgages 482

Housing Wire

MARCH 24, 2023

Rising rates led to a reduction in mortgage refinances during that quarter, declining to 111,251 in Q4 2022, down from 194,189 the previous quarter. The GSEs’ real estate-owned (REO) inventory increased 7% from 10,251 in Q3 to 10,997 in Q4 due to REO acquisitions outpacing property dispositions.

Fixed-rate mortgage 459

Fixed-rate mortgage VA loan FHA loan Loans 459

Housing Wire

NOVEMBER 11, 2020

Sutherland Mortgage Services President Krish Swaminathan discusses the next wave of servicing, how servicers can best communicate with their customers and the technology available to help with compliance, even in a work-from-home environment. How servicers can prepare for potential default wave. Presented by: Sutherland. properties.

Banks 497

Banks Real-estate owned Staging Mortgages 497

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Due diligence 435

Due diligence Marketing Mortgages New Construction 435

Housing Wire

MARCH 9, 2023

The rule allows mortgagees to increase the maximum term of an FHA-insured mortgage loan modification from 360 to 480 months following a default. The 40-year loan modification can assist borrowers in avoiding foreclosure by spreading the outstanding mortgage balance over a longer period, thereby making their monthly payments more affordable.”

Loans 370

Loans Real-estate owned Mortgages Development 370

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land lease 459

Land lease Land Lending Finance 459

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Leslie Rouda Smith, president of the NAR, used her own letter to the FHA to explain the trade group has been “concerned” about the pandemic’s impact on the housing market.

Loans 448

Loans Industrial Mortgages Real-estate owned 448

Housing Wire

MAY 8, 2024

Ellington Financial , the parent company of top-five reverse mortgage lender and servicer Longbridge Financial , reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. Ellington chief financial officer J.R.

Mortgages 243

Mortgages Marketing Loans Finance 243

Housing Wire

JUNE 26, 2023

The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” Mortgage rates rose in March: the average interest rate on a 30-year fixed-rate mortgage increased to 6.54% from a February level of 6.26%.”

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

Technology 448

Technology Mortgages Commercial Inspection 448

Housing Wire

JULY 17, 2024

But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold? Under current guidelines, a buyer cannot finance the buyer’s agent commission into their mortgage, either. In turn, REO-focused real estate professionals should be adapting as quickly as possible.

Purchase and sale agreement 493

Purchase and sale agreement Real-estate owned Agents Brokerage 493

Housing Wire

FEBRUARY 13, 2024

properties through completed real estate-owned (REO) foreclosures in January. We remain vigilant in monitoring these trends to understand their full impact on foreclosure activity.” Foreclosure completions increased in 19 states Lenders repossessed 3,954 U.S.

Real-estate owned 518

Real-estate owned Banks Marketing Mortgages 518

Housing Wire

JANUARY 31, 2021

After a tumultuous year of disruption and uncertainty in 2020, mortgage servicing continues to change in order to meet consumer needs, regulatory demands and best practices. These regulations regarding mortgage compliance change regularly which impacts how servicers manage their portfolios.

Technology 370

Technology Real-estate owned Loans Mortgages 370

Calculated Risk Real Estate

MARCH 14, 2025

This entire housing cycle I’ve argued that we would NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. This is still historically extremely low.

Equity 98

Equity Real-estate owned VA loan Residential 98

Housing Wire

APRIL 8, 2021

If a property reverts back to the foreclosing lender at the foreclosure sale and becomes real estate owned (REO), the distressed homeowner is not due any surplus proceeds from a subsequent sale of the REO property.”. a foreclosure sale with a $100,000 credit bid requires a winning bid of at least $100,001).

Equity 459

Equity Short sale MLS Sales 459

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Marketing 397

Marketing Renovation Sales Investor 397

Housing Wire

NOVEMBER 28, 2023

Require government-owned homes to be sold to non-profits or owners who will live in them Foreclosures have been low in recent years, but in downcycles, foreclosed real estate owned by the federal government has been a more substantial percentage of the overall market.

Land 492

Land Construction Real-estate owned Equity 492

Housing Wire

JULY 14, 2023

Lenders foreclosed (Real Estate Owned) on a total of 22,672 U.S. Bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022, according to ATTOM. It was up 133% from the first half of 2021, but down 40% from the first half of 2020. properties in the first six months of 2023.

Banks 369

Banks Real-estate owned Marketing Mortgages 369

Calculated Risk Real Estate

DECEMBER 8, 2023

homeowners with mortgages (which account for roughly 63% of all properties) saw home equity increase by 6.8% million homes or 2% of all mortgaged properties. . million homes or 2% of all mortgaged properties. Some simple definitions (for housing): Forbearance is the act of refraining from enforcing mortgage debt.

Equity 122

Equity Real-estate owned Lending Loans 122

Calculated Risk Real Estate

DECEMBER 13, 2024

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. of all mortgaged properties. of all mortgaged properties. percent in Q3 2023 to 0.45

Equity 98

Equity Real-estate owned Loans Residential 98

RIS Media

DECEMBER 5, 2020

To help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least Jan.

Real-estate owned 105

Real-estate owned Finance Mortgages Development 105

RIS Media

AUGUST 30, 2020

31, 2020, is effective immediately and applies to properties with single-family mortgages backed by Fannie Mae. The suspension of evictions applies only to homes owned by Fannie Mae and does not apply to tenants in homes that have not been foreclosed. The moratorium, which was previously set to expire on Aug. Source: Fannie Mae.

Mortgages 74

Mortgages Real-estate owned Lending Loans 74

RIS Media

JULY 30, 2021

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept. The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments.

Real-estate owned 105

Real-estate owned Finance Mortgages Industrial 105

Calculated Risk Real Estate

JUNE 10, 2024

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. of all mortgaged properties. year over year, representing a collective gain of $1.5

Equity 78

Equity Real-estate owned Lending Loans 78

Calculated Risk Real Estate

MARCH 13, 2024

The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.6% of all mortgaged properties. Delinquency is the failure to make mortgage payments on a timely basis.

Equity 78

Equity Real-estate owned Lending Loans 78

Calculated Risk Real Estate

SEPTEMBER 11, 2023

Last week, CoreLogic reported on homeowner equity: CoreLogic: Home Equity Increases From Winter to Spring, Reducing Underwater Properties in Q2 Only 2% of homeowners with a mortgage were in negative equity as of the second quarter, roughly the same rate recorded over the past two years. The number of underwater U.S. Currently 23.3%

Equity 75

Equity Real-estate owned Lending Loans 75

Calculated Risk Real Estate

DECEMBER 13, 2023

Historically it takes a number of years for real prices to return to the previous peak, see House Prices: 7 Years in Purgatory. 30-Year Mortgage Rates Have Declined, but Remain Above 7% The following graph from MortgageNewsDaily.com shows mortgage rates since January 1, 2010. This is historically very low.

Marketing 115

Marketing Principal Mortgages Real-estate owned 115

Calculated Risk Real Estate

SEPTEMBER 16, 2024

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. of all mortgaged properties. . of all mortgaged properties. Currently 21.9%

Equity 72

Equity Real-estate owned Loans Lending 72

Realtor.com

JANUARY 29, 2023

When a homeowner doesn’t pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. KLH49/iStock What is a foreclosure?

Banks 104

Banks Loans Mortgages Real-estate owned 104

Realty Biz

JANUARY 1, 2021

A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Bank-Owned Properties. These are referred to as REO or real estate owned.

Short sale 114

Short sale Pre-approval Banks Loans 114

HomeLight

MAY 17, 2022

A preforeclosure means the homeowner has stopped making payments or fallen behind on their mortgage payments. However, unless homeowners can come current on their current mortgage or negotiate a loan modification, they will lose their home. Real-estate owned (REO) homes. Step 3: Figure out your financing.

Inspection 115

Inspection Banks Short sale Title 115

HomeLight

JUNE 30, 2024

These websites compile data from banks, government agencies, and real estate services to provide comprehensive listings of homes that are being sold due to the owner’s inability to meet mortgage obligations. HomePath by Fannie Mae HomePath is operated by the Federal National Mortgage Association, also known as Fannie Mae.

Short sale 115

Short sale Banks Finance Investor 115

HomeLight

SEPTEMBER 30, 2021

Preforeclosure: The lender sends a notice of default to inform the owner that they must get up to date on their mortgage payments within a certain timeframe — or they will face foreclosure. REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it.

Banks 122

Banks Inspection Equity Investor 122

Redfin

MARCH 4, 2025

All mortgages place a lien on the property in the event that a lender needs to take ownership of the home. If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

HomeLight

AUGUST 31, 2020

The path to foreclosure begins with a homeowner struggling to make their mortgage payments. When a homeowner can’t make their payments, they may either try to sell their home before they get too far behind on their mortgage, or they could simply let the loan go into default. (Source: Jamie Street / Unsplash). Distressed or short sales.

Short sale 98

Short sale Sales Banks Inspection 98