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As was probably inevitable, foreclosure files rose significantly in the third quarter of 2021 and appeared to accelerate in the last month of that quarter. The moratorium on foreclosures which was put in place in March 2020 in response to the COVID-19 pandemic expired on July 31. ATTOM, in its Q3 2021 U.S. Foreclosure Market Report says there were 45,517 foreclosure filings - default notices, scheduled auctions or bank repossessions - during the quarter, a 34 percent increase from Q2 and 68 percent more than in the third quarter of last year. Over 19,000 of those filings occurred in September, 24 percent more than in August and slightly more than double (102 percent) the volume in September 2020. "Despite the increased level of foreclosure activity in September, we're still far below historically
Housing News
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As was probably inevitable, foreclosure files rose significantly in the third quarter of 2021 and appeared to accelerate in the last month of that quarter. The moratorium on foreclosures which was put in place in March 2020 in response to the COVID-1... (read more)
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Housing News
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The number of homeowners in forbearance receded at a brisk clip last week as the first wave of final expirations continues. Black Knight reports the number of active plans dropped by about 10 percent during the week ended October 12 , a reduction of ... (read more)
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Rob Chrisman
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Life is full of decisions. One space or two after a period in a sentence? Move to a state with no state income tax, or stay put? Wells Fargo is no longer the largest bank in the U.S. based on workforce, and I imagine trimming overhead was a conscious... (read more)
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National Associattion of Realtors
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National Associattion of Realtors
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