
Study Predicts Few Underwater Buyers if Home Values Fall
Only a small share of the thousands of pandemic-era homebuyers would be underwater on their mortgages if home values fall in 2023, a new study estimates.
Only a small share of the thousands of pandemic-era homebuyers would be underwater on their mortgages if home values fall in 2023, a new study estimates.
“There is a tidal wave of distressed homeowners who will need help in the coming months,” said Dave Uejio, acting director of the Consumer Financial Protection Bureau.
Homebuyers who are struggling with their mortgages thanks to the struggling COVID economy have another two months of safety before the foreclosure ax begins to swing.
A new report from real estate data analytics firm CoreLogic finds low unemployment and high home equity has contributed to low delinquency rates across the nation.
The delinquency rate for mortgage loans on one- to four-family residential properties increased to a seasonally adjusted rate of 4.88 percent of all loans outstanding at the end of the third quarter of 2017.
Mortgage performance continues to improve across the country, with the exception of those states whose economies rely heavily on the energy sector, according to a report released yesterday by CoreLogic, a global property information firm.
The national 30-plus days delinquency rate dropped to 5 percent in February 2017, its lowest level since September 2007, according to a report released today by CoreLogic, a global property information company.
The national foreclosure inventory declined by 30 percent and completed foreclosures declined by 25.9 percent compared with November 2015, according to a report released today by CoreLogic, a global property information and analytics firm.
Foreclosure inventory in October 2016 declined by 31.5 percent and completed foreclosures declined by 24.9 percent compared with October 2015, according to the National Foreclosure Report released today by CoreLogic, a global property information provider.
The number of completed foreclosures nationwide decreased year over year from 41,000, or 7.3 percent in May 2015 to 38,000 in May 2016, according to the May 2016 National Foreclosure Report released today by CoreLogic.