Posted on

Foreclosure activity is at the lowest level in over a decade

Q1 2016 Foreclosure Activity Below Pre-Recession Levels in 36 Percent of U.S. Housing Markets – Among 216 metropolitan statistical areas with a population of at least 200,000, a total of 78 (36 percent) posted Q1 2016 foreclosure activity below pre-recession. favorable to banks this year.

Residential foreclosure activity last month dropped to its lowest level since November 2005, according to new statistics released by ATTOM Data Solutions. There were 77,049 foreclosure filings-including default notices, scheduled auctions and bank repossessions-reported in April, a seven percent drop from the previous month and a 23 percent.

Lenders initiated foreclosures on 0.47 percent of American homes last year, 0.4 percentage point decline from 2017 and a 13-year low. foreclosure activity rose sharply in New York City in 2017,

Even so, foreclosure activity overall — as measured by the number of properties receiving a notice of default, scheduled for auction or repossessed by lenders — sank in March to the lowest level.

About 18.9 million homes in the U.S. stood empty during the second quarter as surging foreclosures helped push ownership to the lowest level in a decade. The number of vacant properties, including foreclosures, residences for sale and vacation homes, rose from 18.6 million in the year-earlier quarter, the U.S. Census Bureau said in a report today.

CMBS investors should think twice before replacing a special servicer A crowded market and development glut are making lenders think twice. or were handled through special servicing already, so there has not been a massive glut of deals needing to be addressed at.

Some foreclosure metrics have long been approaching or below pre-crisis levels. foreclosure starts reached a new low in November. which is normally a good indicator of refinance activity, inched.

The number of US properties with a foreclosure filing fell to 161,875 in the first quarter of 2019. That’s a 23% decrease from the previous quarter and a 15% decrease year-over-year according to.

Foreclosure Activity Remains at Pre-Recession Levels – The first quarter’s foreclosure filing level was 32. from the all-time low set in February, but also 11 percent lower than a year ago. March marked the 30th consecutive month with a year-over-year.

How we pick the Best Mortgage Companies to Work For “A 3-to-5 minute conversation with somebody allows for personality to come out, further conversation about the things that we do beyond the reverse mortgage, and the positives and negatives of the.Housing starts fall more than expected, permits steady rising prices narrow home value perception gap in September Workers install a roof on a multi-family building in Broomfield Thomson Reuters WASHINGTON, (Reuters) – U.S. housing starts and building permits fell more than expected in May, suggesting the.New-home sales unexpectedly jump to highest level since 2007

A total of 82,972 properties were in some stage of the foreclosure process, whether in default, scheduled for auction or repossessed, in September – down 13% from August and down 24% from September 2015, to reach the lowest level since December 2005, according to ATTOM Data Solutions, parent company of RealtyTrac.

The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007.

New-home sales declined in April as demand fell in West WASHINGTON (Reuters) – New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to steadily.