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FHFA assisted nearly 44,000 troubled homeowners in Q4 2023

Housing Wire

A total of 704,915 of the actions have been short sales and deed-in-lieu procedures, which result in borrowers leaving their homes without going through the foreclosure process. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan 487
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Opinion: Brokers should consider a new model for post-Burnett world

Housing Wire

But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold? Clearly, however, listing and selling an REO property features quite a bit more administrative and regulatory navigation than the traditional home sale. Dramatic change is what it means.

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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: What are the risk management challenges for REO assets?

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FHFA prevention actions surpassed 52K in Q4 2022

Housing Wire

Q4 also saw an increase in foreclosure starts during Q4, which rose 8% to 18,693, though third-party and foreclosure sales dropped commensurately by 8% to 3,297 in the same period. 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.

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Radian’s Pyramid Platform automates every step of the real estate process

Housing Wire

In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development.

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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. 36,000 Surplus per Sale.

Equity 459
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Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

REO (Real Estate Owned) is the amount of real estate owned by lenders. The dollar value of 1-4 family residential Real Estate Owned (REOs, foreclosure houses) was increased 6% YOY from $747 million in Q4 2023 to $790 million in Q4 2024. Here is a graph of Fannie Real Estate Owned (REO).

Equity 87