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Foreclosure filings rose in October. Could this trend continue in 2025?

Housing Wire

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom , homebuyers may face more challenges heading into 2025. Attom released its October 2024 U.S. Foreclosure Market Report on Tuesday.

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Foreclosure filings dropped in November. Is market pressure finally easing up?

Housing Wire

Attom considered homes in default, auction and real estate-owned (REO) status along with foreclosures that were actually completed. Attom CEO Rob Barber urged the mortgage industry to remain vigilant and described the decline as a common seasonal occurrence. “The slight decline in U.S.

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Property services company MCS enters reverse mortgage space

Housing Wire

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company. Five Brothers, headquartered in Warren, Mich.,

Mortgages 448
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FHFA extends foreclosure and eviction moratorium to Jan. 31

Housing Wire

The Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Jan. This extension gives peace of mind to the more than 28 million homeowners with an Enterprise-backed mortgage,” said Calabria. Presented by: VRM Mortgage Services.

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FHFA extends forbearance policies for up to 15 months

Housing Wire

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. ” What role can mortgage brokers play in fair housing? For the third month in a row, the Mortgage Bankers Association estimated 2.7

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FHFA assisted nearly 44,000 troubled homeowners in Q4 2023

Housing Wire

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.

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FHFA extends forbearance period to 18 months

Housing Wire

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. 22, the Mortgage Bankers Association estimates 2.6 With the latest edict, the agency is now allowing borrowers up to 18 months of coverage.

Mortgages 523