Foreclosures

Despite a large annual increase, new foreclosure starts are still only near 80% of pre-pandemic levels.

If an unusual consumer protection gets rolled back in the state, servicers could get more of a second chance in court and borrowers will lose some protection.

The parent company Ocwen is contesting the award from the arbitrator, who ruled the company made a false offer to the borrower.

California recorded the largest total of new starts, while Illinois, Delaware and New Jersey led all states in the rate of filings during the third quarter, according to Attom.

Three percent of all mortgages were 30 or more days past due on their scheduled payment or in foreclosure in July.

The month ended with 54,000 less properties for which the borrower was at least 30 days or more late on their payments, Black Knight said.

The Federal Housing Finance Agency's quarterly report said that the government sponsored enterprises prevented a total of 96,952 foreclosures

Still near historic low levels, the share of borrowers entering the early stages of delinquency in June increased 0.1 percentage point.

Completions in August remained far lower than before COVID-19 arrived in the United States but initial actions rose fast enough to potentially meet expectations that they'll normalize in 2023.

At the same time, the share of overall vacancies fell due to limited inventory, according to a new Attom report.