RealtyTrac, an online foreclosure marketplace based in Irvine, Calif., has reported that the number of new properties in some stage of foreclosure increased 18.6% nationwide in October to a new monthly high for the year.The company's Monthly U.S. Foreclosure Market Report indicates that 81,382 new foreclosure properties were added to the rolls in October. "Some of the increase can be attributed to foreclosure activity ramping up again in Louisiana and Mississippi after being disrupted by the recent hurricanes," said James J. Saccacio, RealtyTrac's chief executive officer. "But it's possible that increasing interest rates and other economic factors are beginning to move foreclosures closer to their historic levels." The company said Texas reported the highest number of new foreclosures of any state in October, with 16,386, an increase of 68%. RealtyTrac can be found online at http://www.realtytrac.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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