Mr. Cooper lays off originators while mortgage servicing business booms
Sale of Xome subsidiary could be in the works as lenders boost foreclosure filings and auction platform's distressed property inventory swells to record levels
by Matt Carter May 3
Foreclosures drive 53% listings growth on auction site Hubzu
Site operator Altisource posts its first quarter of sequential revenue growth in nearly 3 years, according to a quarterly earnings call Thursday
by Matt Carter Apr 29
Foreclosures hit post-pandemic high during first quarter of 2022
U.S. foreclosure activity hit a new high not seen since the start of the COVID-19 pandemic, as foreclosures continue to rebound following the lapse of federal moratoriums, according to data from Attom
by Lillian Dickerson Apr 21
Home price growth 'reaccelerates' to set new February record
February's 19.6% annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight
by Matt Carter Apr 5
States getting COVID mortgage relief programs off the ground
Nearly 30 states have launched programs to distribute $9.961 billion in federal aid for households who are behind on their mortgages
by Matt Carter Mar 18
Sundae now financing investor purchases of distressed properties
Distressed property marketplace offering financing in California, Florida, Georgia, Texas and Colorado with more states to be added over the next few months
by Matt Carter Feb 17
5 hot property trends: What you need to know to prosper in 2022
One of the best ways to succeed in any market is to follow the data. Smart agents crunch the numbers and let the trends inform their marketing strategy
by Bernice Ross Feb 15
Fake landlord and deed fraud scams plague Detroit buyers and renters
Cash sales don't provide safeguards like title searches that mortgage companies insist on when they're financing a deal
by Matt Carter Nov 12
Homeowners slam brakes on refinancing as mortgage rates rise
Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight
by Matt Carter Oct 10
Individuals to get better shot at buying foreclosed homes
Biden administration to give owner occupants, nonprofits more opportunities to buy homes before they're snatched up by large investors
by Matt Carter Sep 1
With protections lifting, improvement in forbearance numbers slows
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association
by Matt Carter Aug 24
Existing-home sales rise for second consecutive month in July
Total existing-home sales in July 2021 rose 2% on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors
by Lillian Dickerson Aug 23
Forget moratorium worries: Here's why now is the best time to invest in real estate
Now more than ever, properties are selling well over list price, and buyers are chomping at the bit to purchase. Here's why you shouldn't wait to get in on the action
by Victoria Kennedy Aug 18
How agents can nab new inventory as moratoriums expire
It's unclear exactly how many properties will be freed up now that the federal eviction and foreclosure moratoriums have expired. But whichever way it goes, agents will want to be prepared
With foreclosures on horizon, RES.NET revamps REO portal
Agents can win real estate-owned listings from loan servicers and manage their own properties
by Matt Carter Jun 21