The number of homes abandoned during the foreclosure process, known as “zombie foreclosures,” increased in the majority of states this quarter, an industry report found. Processing Content Zombie properties rose quarter over quarter in 38 states and the District of Columbia, according to Attom’s latest Vacant Property and Foreclosure Report. Out of the 104.9 million […]
Zombie foreclosures rise in most states, report finds Read More »
Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike was decoupled from the prevailing narrative of war-related headlines, today’s recovery was quite the opposite. Newswires came out shortly after 10am ET that suggested the U.S. and Iran are nearing a
Mortgage Rates Recover All of Yesterday’s Losses Read More »
Key insight: A retooled version of housing legislation passed the lower chamber by a wide bipartisan margin, including with active support from many Democrats for community bank measures. What’s at stake: As the bill goes back to the Senate, institutional investor and community bank measures are still in play. Forward look: The Senate can choose
House passes their version of housing legislation, 396 to 13 Read More »