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MBA Says Probability of a Significant Foreclosure Surge is Minimal

MBA Says Probability of a Significant Foreclosure Surge is Minimal A recent “Chart of the Week” from the Mortgage Bankers Association illustrates that the expiration of pandemic-related foreclosure moratoriums led to a modest increase in foreclosure starts from the record lows maintained over the past two years.  Citing data from their recent National Delinquency Survey,

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Black Knight Says Foreclosure Starts 20% Below Pre-Pandemic Levels, Despite Increase

Black Knight Says Foreclosure Starts 20% Below Pre-Pandemic Levels, Despite Increase Black Knight’s Mortgage Monitor Report for January, 2022  says that despite a more than 7x increase, January’s foreclosure starts remained more than 20% below pre-pandemic levels.  In addition, foreclosure starts were almost evenly split between borrowers who were already delinquent prior to the pandemic

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Zombie Properties Down in Q1 as Foreclosure Activity Rises

Zombie Properties Down in Q1 as Foreclosure Activity Rises According to the ATTOM Data’s Q1 2022 Vacant Property and Zombie Foreclosure Report, there were 1.4 million (1,354,579) residential properties in the United States sitting vacant, representing 1.4%, or one in 73 homes, across the nation.  In addition, they report that there were 229,864 residential properties

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Foreclosure Rates Remain at Historic Lows

Foreclosure Rates Remain at Historic Lows According to the latest CoreLogic Loan Performance Insights Report, in November 2021, 3.6% of mortgages were delinquent by at least 30 days or more including those in foreclosure.  This figure represents a 2.3-percentage point decrease in the overall delinquency rate compared with November 2020.  CoreLogic says measuring early-stage delinquency

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