Home repossessions near pre-crisis pace (1/11/2017)
According to a CoreLogic report, the share of residential loans past due by at least 90 days was 2.5% as of Nov. 30 – the lowest share since August 2007.
Ohio tries to make vacant homes look less empty (1/6/2017)
Neighborhoods can avoid empty-home stigma if they stop using plywood. Fannie Mae now favors clear carbonate for windows, and Ohio just made it mandatory statewide.
HAMP out and new foreclosure prevention program in (12/15/2016)
The Home Affordable Modification Program (HAMP) expires this year, but Fannie and Freddie say a new Flex Modification program will take its place.
Struggling homeowners get holiday break (12/13/2016)
Most lenders, along with Fannie Mae and Freddie Mac, say they won’t evict homeowners going through foreclosure during the holiday season.
1 in 4 Fla. owners with mortgage is ‘equity rich’ (11/17/2016)
ATTOM: 23.2% of Fla. homeowners have a loan-to-value ratio 50% or lower, but 16% are still seriously underwater with a loan worth at least 125% of current value.
U.S. foreclosure activity up 27% in Oct. (11/10/2016)
In a surprise turnaround, foreclosures surged month-to-month, though they’re still down year-to-year. While Fla. dropped to No. 6 nationally in Oct., ATTOM economists expect an uptick after a recent Fla. Supreme Court ruling.
Fla. Supreme Court changes foreclosure’s timeline (11/4/2016)
Lenders have five years to foreclose, but the court ruled that the clock resets if a case is dismissed. “Basically, banks are getting a do-over,” says one lawyer.
Distressed home sales hit nine-year low in 3Q (11/3/2016)
ATTOM: Cash sales also logged a nine-year low. But Fla. ranks high in year-over-year median sale price increases, distressed sales and the number of cash buyers.
ATTOM: The foreclosure crisis is over (10/13/2016)
For the first time in a decade, the time it takes to foreclose on a home is down. Fla. remains a top foreclosure state, but it’s now No. 5 for foreclosure rates.
CoreLogic reports 34K completed foreclosures in July 2016 (9/13/2016)
Completed foreclosures down 16.5% from a year ago; U.S. foreclosure inventory down 29.1%. Fla. still leads the nation in completed foreclosures, at 57K, in July.
CFPB issues foreclosure-prevention guidelines (8/3/2016)
The principles aren’t legally binding; instead, they create guidelines for the industry and lawmakers to follow after the federal foreclosure program (HAMP) ends.