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Author at Compare Closing LLC
Amanda Byford has bought and sold many houses in the past fifteen years and is actively managing an income property portfolio consisting of multi-family properties. During the buying and selling of these properties, she has gone through several different mortgage loan transactions. This experience and knowledge have helped her develop an avenue to guide consumers to their best available option by comparing lenders through the Compare Closing business.
Latest posts by Amanda Byford (see all)
- The U.S. mortgage delinquency rate progresses again in September to 3.91%, the first time it’s been lower 4% since the onset of the pandemic, according to Black Knight’s First Look at September mortgage performance.
- Foreclosure starts to pull back near record lows in September at 3.9K following an increase in August after the expiration of the federal moratorium at the end of July.
- The number of loans in active foreclosure decreases by 7K to another record low, but since there are still 1.2M homeowners who are 90+ days late on their mortgage payments, foreclosure metrics call for a close look in the coming months, Black Knight suggests.
- The number of properties that are 30+ days past due, but not in foreclosure of 2.1M fell by 54K M/M.
- The number of properties that are 90+ days past due amounts to 1.23M, declining by 106K in September and;
- The number of properties in foreclosure pre-sale inventory of 135K in September edges lesser by 7K M/M.
- Previously, (Oct. 8) Mortgages in active forbearance grow the most in a year: Black Knight.
Reference Source: Seeking Alpha
