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Home > Archives for mthomas

Q2 Zombie Foreclosures on the Rise

June 2, 2022 by mthomas Leave a Comment

ATTOM’s latest Vacant Property and Zombie Foreclosure Report for Q2 shows that 1.3 million (1,304,007) residential properties in the nation currently sit vacant, representing 1.3% of all homes in the U.S., or one in 76 homes. Among those pre-foreclosure properties, 7,569 sit vacant in Q2, meaning that the number of zombie foreclosure properties went up quarterly by 2.8%. Zombie foreclosures Continue Reading

More Than Half of Investors Believe the Housing Market is Overvalued

May 21, 2022 by mthomas Leave a Comment

Up from 40% a year ago, 55% of real estate investors feel that their local market is overvalued and expect to see a price correction in the coming months. According to Auction.com, an online distressed real estate marketplace, a March 2022 survey of confirmed buyers who used their platform in the last three years also found that 17% of buyers predict flat or declining home prices in their home Continue Reading

Foreclosure Activity Increases for Eleventh Consecutive Month

April 25, 2022 by mthomas Leave a Comment

ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for March and the first quarter of 2022 which has found that there was a total of 33,333 properties with foreclosure filings against them, up 29% from February (which saw 25,833 filings) and up 181% from a year ago. Foreclosure activity has now surpassed numbers seen before the Continue Reading

Foreclosure Completion Numbers Continue to Rise

February 14, 2022 by mthomas Leave a Comment

ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for January which has found that there was a total of 23,204 properties with foreclosure filings against them, up 29% from December (which saw 17,971 filings) and up 139% from a year ago. Foreclosure activity has now surpassed numbers seen before the pandemic took hold of the Continue Reading

Upbeat Economy Brings Downturn in Forbearance Volume

December 23, 2021 by mthomas Leave a Comment

The Mortgage Bankers Association's (MBA) latest Loan Monitoring Survey has found that the number of U.S. loans in forbearance has dropped by 39 basis points from 2.06% of servicers' portfolio volume in the prior month, to 1.67% as of November 30, 2021. There are an estimated 835,000 U.S. homeowners who remain in forbearance plans nationwide. "The share of loans in forbearance in November Continue Reading

Foreclosure Starts Increase in October

November 24, 2021 by mthomas Leave a Comment

Citing the need to closely monitor foreclosure numbers after the Federal Foreclosure Moratorium expired in July, Black Knight has revealed a “first-look” at its data for October 2021. According to the preliminary release, the national delinquency rate fell another 4.5% to 3.74% in October. This is the second consecutive month delinquency rates have been below 4% in the last 18 months. The month Continue Reading

Forbearance Update: Declining Volumes as Agreements Expire

October 20, 2021 by mthomas Leave a Comment

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) shows that the total number of loans now in forbearance decreased by 34 basis points from 2.62% of servicers’ portfolio volume in the prior week to 2.28% as of October 10, 2021. The MBA now estimates that approximately 1.1 million U.S. homeowners are in forbearance plans. By type, the share of Fannie Mae Continue Reading

Forbearance Exits Jump to Quickest Pace Since March

September 15, 2021 by mthomas Leave a Comment

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) has revealed that the total number of loans now in forbearance decreased by 15 basis points from 3.23% of servicers' portfolio volume in the prior week to 3.08% as of September 5, 2021. The MBA estimates that approximately 1.5 million homeowners remain in forbearance plans. "The share Continue Reading

FHFA Increases Post-Foreclosure and REO Eviction Moratoria Protections

July 3, 2021 by mthomas Leave a Comment

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the government-sponsored enterprises) servicers will not be permitted to make a first notice or filing for foreclosure that would be prohibited by the Consumer Financial Protection Bureau's (CFPB) Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act Continue Reading

Forbearance Levels Improve, But Plan-Expirations Loom Large

May 15, 2021 by mthomas Leave a Comment

Forbearance levels are looking better across the board as volume decreases for all types of mortgage loans, according to the weekly report from Black Knight. Keeping with the strong trend of early-month improvements, overall volumes dropped by 61,000 or 2.7%. Forbearance volumes for Fannie Mae and Freddie Mac fell by 13,000, or -1.9%. Federal Housing Administration (FHA) and VA plan volumes Continue Reading

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Michael Thomas

Michael Thomas is one of the leading real estate brokers in San Diego, California. He is endorsed by the National Association of Realtors as a Seller Representative Specialist, Accredited Buyer Representative, as well as Short Sale & Foreclosure Certified. As a lifelong resident of San Diego with a Master’s Degree in Business Administration, he’s uniquely qualified to help San Diegans achieve their real estate goals.

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