New America’s Post

Homeowners Today Have Options To Avoid Foreclosure Even with the latest data coming in, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw back in 2008. That’s good news. It means the number of homeowners at risk is very low compared to the norm. But, there’s a small percentage who may be coming face to face with foreclosure as a possibility. If you’re facing... #expertanswers #stayinformed Here is how to contact me: 1) just click here: 🗓 https://lnkd.in/eE48wP_s 2) Apply for a mortgage now at 🌐 https://lnkd.in/daM3DeyD If you apply, please text me your full name and email address 📱561-373-0987

⚠️ New Foreclosure Data Signals Shifting Housing Dynamics ⚠️ The latest foreclosure trends paint a concerning picture for the industry: 📈 Nationwide foreclosure filings climbed 8% year-over-year in February 2024, per ATTOM Data Solutions 🏘 Lenders restarted the foreclosure process on 11% more properties compared to last year 🗺 Hotspots like Riverside County show alarming foreclosure rates (1 in 2,293 homes) While concerning, the situation isn't dire for all distressed homeowners: 💰 60% of seriously delinquent mortgages have at least 20% equity, per ICE Technologies 🔑 Many borrowers could avoid foreclosure through loan modifications or sales As industry professionals, we must stay vigilant and proactive in this evolving landscape: 🤝 Open communication with borrowers is crucial for effective loss mitigation 📊 Closely monitor data to identify risk concentrations and implement strategies 🧭 Guide borrowers through available options to prevent unnecessary foreclosures The foreclosure challenge is far from over, but a proactive approach can help soften the landing: 💰 60% of delinquent mortgages still have substantial equity buffers 📉 Foreclosure completions fell in 28 states, suggesting some resilience While risks loom, our combined expertise can guide the market toward stability. Collaborative solutions today will pay dividends tomorrow! #mortgageservicing #foreclosuretrends #housingsupply #lossmitigration

Discover the latest insights on foreclosure starts in November 2023. Texas, California, Florida, New York, and Ohio led the list with the greatest number of foreclosure starts. 📊 🔍 Dive into the Data: Join us as we delve into the stats, highlighting the states facing increased foreclosure activity. ☎️Communication is Key: Remember, if you’re ever behind on your mortgage, it’s essential to reach out and communicate with your lender. #realestateinvesting #foreclosure #foreclosure #realestateinvestor #realestatetips #memphis #901memphis #newyorkrealestate #californiarealestate #investmentproperty #homeowner #homeownertips

A mixed bag in the "first look" at November lending from ICE. #Mortgage delinquencies edged up ever-so-slightly, but #foreclosure activity declined. Even the higher delinquency numbers remain below pre-pandemic levels at about 3.39%. Trends for mortgage servicers to keep an eye on? An uptick in seriously delinquent loans (90+ days) and higher levels of delinquencies in the Federal Housing Administration and HUD Office of Housing portfolio. Both of these could lead to higher levels of default after the holiday foreclosure moratoria expire. The Hello Solutions Network provides high quality legal support for default servicers and investors across the country. Let us know how we can help you! https://lnkd.in/gNnaJUzA

Recent data reveals a significant increase in pre-foreclosure activity in Tulsa and its surrounding suburbs. This uptick is largely due to economic factors such as rising inflation and the expiration of mortgage forbearances. Economic shifts, including rising inflation and the end of COVID-era protections, are driving more properties into pre-foreclosure. Homeowners who were previously protected under forbearance programs are now facing financial pressures. As a result, foreclosure rates are nearing pre-pandemic levels, resulting in a noticeable rise in pre-foreclosure cases. This trend is expected to continue throughout 2024. Many homeowners are struggling to keep up with mortgage payments, leading to an increase in pre-foreclosure notices. If you or someone you know is facing foreclosure, there are creative solutions available to help navigate these challenging times. As a creative real estate investor, I provide a tailored solution to buy your house, enabling you to sell quickly and avoid foreclosure. If you would like to discuss this solution in further detail, please give me a call at 918-409-2185.

ICE First Look for October: Serious Delinquencies Hit Lowest Levels Since 2006 - MBA Newslink 🏠✨ October's mortgage update is in! 📊 Serious delinquencies hit their lowest levels since 2006, down to 447,000 nationwide. 📉 Good news as the national delinquency rate improves by 3 basis points to 3.26%. 🚀 Explore the details of the housing market's positive trends! https://lnkd.in/g8s2m3Vk #MortgageUpdate #HousingNews 🌐📰

Foreclosure activity in November saw a decline 📉, bringing some relief to homeowners 🏡. According to a recent article, the number of homes facing foreclosure dropped, providing a glimmer of hope for those struggling with their mortgages. 🌟 This positive trend indicates a potential recovery in the housing market, which is great news for both homeowners and the overall economy. 🏦💰💪https://buff.ly/3NJXr3T . . #chrissellscentralflorida, #remax, #remaxheritageprofessionals, #polkcountyrealtor, #polkcountyrealestate, #winterhavenrealtor, #winterhavenrealestate, #55+realtor, #newhomespecialist,

Nicholas Irwin, Ph.D. and I find that while mortgage default rates still remain low in Southern Nevada, notices of default (NODs) are ultimately up 41.12% year-over-year. We further find that 34.29% of all 2024 NODs were issued to properties concentrated in just 13.51% of Clark County's zip codes suggesting the presence of neighborhood clustering. The attached report summarizes the data and provides the reader with high-resolution heat-maps documenting the geo-spatial dispersion of default activity in Clark County, NV.

🏡 Looking to understand the heartbeat of our economy? Let's talk about Personal Consumption Expenditures \(PCE\)! As your go-to mortgage lender here in Pell City, Alabama, I'm always keeping my finger on the pulse of financial indicators like PCE. 📈 PCE measures the spending power of individuals and households, which is vital for understanding economic trends. Higher PCE usually signals a thriving economy, while lower figures may indicate a slowdown. Remember, understanding these economic indicators can help you make informed decisions, especially when it comes to mortgage rates and homebuying. Got questions or need assistance navigating the housing market? Don't hesitate to reach out to me, Jarrod Manley, your trusted mortgage expert in Pell City! 🏠✨ 📱 Call or text me at 614-400-3339 📧 Email: jmanley@cfmtg.com Let's make your homeownership dreams a reality! \#PellCityMortgages \#EconomicIndicators \#HomeownershipJourney

“Not all markets are created equal,” Curinos’ director of real estate lending solutions Richard Martin tells MarketWatch's Aarthi S. in a recent article on the current state of mortgage rates. According to Curinos LendersBenchmark data, median funded rates differ from state to state by up to 38 basis points, propelled by a variety of financial, legal and behavioral factors. Read more: https://hubs.li/Q02zTKtL0