Foreclosures
The Forbearance Period is Ending: What’s the Impact on Foreclosures, House Prices, Supply, and Homeownership?
Foreclosures will likely widen the already alarming homeownership gap among income groups and racial groups, with low income and minority groups twice as likely to face foreclosure than higher income and non-minority groups and homeowners of FHA-insured loans three times as likely to face foreclosure. www.nar.realtor – Research
80% Annual Decline in Foreclosures Show Prevention Measures are Working
The various types of foreclosure filings – default notices, scheduled auctions, and actual lender repossessions – declined in November. RealtyTrac, a subsidiary of ATTOM Data Solutions said the aggregate of these legal actions totaled 10,042 during the month. This is a decline of 14 percent from October and 80 percent from a year earlier. Much […]