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 Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
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A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
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An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
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The top five loan officers produced an average of 628 loans in 2023.
April 22