Prevent Foreclosure By Improving Borrower Communication As Forbearance Ends
By Susan Graham
Read More
home foreclosure
Black Knight: Strong Equity Stakes Alone May Not Be Enough To Stave Off Foreclosure Starts
The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. Given Black Knight’s recent analysis of the strong equity positions of borrowers in forbearance, even when adding 18 months of deferred payments to their debt loads, this month’s report explores the relationship between such equity positions and downstream foreclosure start rates and – ultimately – distressed liquidations. According to Black Knight Data & Analytics President Ben Graboske, the data suggests that the healthy stores of equity in the hands of homeowners currently in forbearance may not be sufficient on its own to ward off foreclosure activity.
Read More
July 2021 U.S. Foreclosure Activity Declines Slightly
ATTOM released its July 2021 U.S. Foreclosure Market Report, which shows there were a total of 12,483 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 4 percent from a month ago but up 40 percent from a year ago. Numbers reflect the last month before the government moratorium is lifted.
Read More