RealtyTrac, an online foreclosure marketplace based in Irvine, Calif., has reported that the number of new properties in some stage of foreclosure declined 4.3% in August after two consecutive months of increases.The company's Monthly U.S. Foreclosure Market Report indicates that 75,599 new foreclosure properties were added to the rolls in August. "After consecutive months of increasing foreclosures, the rates across the country seem to have stabilized in August," said Jim Saccacio, RealtyTrac's chief executive officer. "But it appears that the overall decrease in national foreclosures may be somewhat inflated due to the damage caused by Hurricane Katrina." The company said Texas and Florida "continued to dominate" the foreclosures market, accounting for more than 30% of the nation's total. RealtyTrac can be found online at http://www.realtytrac.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18