top of page
Search
  • Metro East REIA

MBA Says Probability of a Significant Foreclosure Surge is Minimal

A recent “Chart of the Week” from the Mortgage Bankers Association illustrates that the expiration of pandemic-related foreclosure moratoriums led to a modest increase in foreclosure starts from the record lows maintained over the past two years. Citing data from their recent National Delinquency Survey, they said at 0.19%, the foreclosure starts rate remains below the quarterly average of 0.41% dating back to 1979. The percentage of loans in the foreclosure process also rose in Q1 2022 to 0.53%. In addition they report that the delinquency rate for mortgage loans on one‐to‐four‐unit residential properties fell to a seasonally adjusted rate of 4.11% of all loans outstanding at the end of Q1, 2022. Continue reading HERE...

0 views0 comments

Recent Posts

See All

Georgia Governor Signs Bill Making Squatting a Crime

Following on the heels of Florida, Georgia Governor Brian Kemp recently signed legislation which would allow property owners to go after squatters for damages, in addition to speeding up the eviction

Foreclosure Starts Increase Slightly

According to the ATTOM Data’s Q1 2024 Foreclosure Report, there were 95,349 with a foreclosure filing during the first quarter of 2024, up 3% from the previous quarter but down less than 1 percent fro

Comments


bottom of page