April sees double-digit decline in foreclosure rates

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In: Refinance News

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US foreclosure activity experiences a promising 10% month-over-month decrease in April, as reported by ATTOM. The impressive decline resulted in a significant reduction to just 32,977 properties with foreclosure filings (including default notices, scheduled auctions, or bank repossessions) during theContinue Reading

Is U.S. Expecting Foreclosure Crisis?

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In: Realtor News

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Even though the number of borrowers in COVID mortgage bailout programs are falling, those still in trouble, are not underwater as thought. Thanks to the soaring home prices, leading to high levels of home equity, has struggling borrowers are inContinue Reading

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In: Mortgage News

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Last updated on February 2nd, 2021 at 06:21 pmEven as the mortgage delinquencies rise, because of the continuation of moratoriums ordered by federal and state governments in the early stages of COVID-19 pandemic, the Foreclosure activity in the United StatesContinue Reading

Foreclosure Moratorium to be Extended by Federal Housing Agencies till Aug 31, 2020

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In: Mortgage News

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Last updated on February 2nd, 2021 at 04:09 pmThe Federal Government CARES Act and various cities and banks are offering relief measures to the borrowers.  Earlier the eviction moratorium and Federal foreclosure were supposed to expire on the 30th ofContinue Reading