Foreclosure

“The share of U.S. borrowers who are six months or more late on their mortgage payments fell to a two-year low in August and was less than one-third of the pandemic high recorded in February 2021,” said Molly Boesel, Principal Economist at CoreLogic.

Black Knight’s latest data also breaks down shifts in delinquency rates, foreclosure starts, and more. Click here to read what BK reports.

"If the Federal Reserve's objective was to slow down the housing market, it has succeeded spectacularly," said Rick Sharga, EVP of Market Intelligence at ATTOM.

The FHFA's foreclosure analysis for July 2022 revealed the total number of loans in forbearance is trending downward from its peak in May, with nearly 85,000 loans in forbearance nationwide, while total refinance volume and mortgage rates also decreased in the same month.

As fears of a recession grow, it would be prudent for everyone—servicers and regulators alike—to think hard about default servicing improvements and reforms.

The MBA reports that nationwide forbearance volume continues to drop, however the impact of Hurricane Ian may change that trend as servicers continue to report on the devastation from the storm.

With talk of a recession on the horizon, ATTOM’s latest data breaks down foreclosure rates and related data, as well as how they are being impacted by larger economic factors.

Despite rising prices and speculation about looming recession, the Office of the Comptroller of the Currency reports that the performance of first-lien mortgages held by the federal banking system improved throughout the course of Q2 2022.

According to the latest analysis from First American Financial, education is one of the main, long-term drivers that are fundamental to housing demand that will gradually position the housing market to rebound from current challenging economic conditions.

With many households unable to afford necessary expenses as a result of rising rates and inflated home prices, a recent study from LendingTree revealed that many American homeowners report being worried about or likely to leave their home due to foreclosure in the next two months.