by Anthony | Mar 8, 2021 | Foreclosure, Housing, Mortgages
According to the Mortgage Bankers Association, the total number of loans now in forbearance fell by 7 basis points from 5.29% portfolio volume to 5.22% as of February 14th. This translates into approximately 2.6 million homeowners that are in forbearance. The share of...
by Anthony | Jan 13, 2021 | 2021 Topics, Delinquencies, Foreclosure, Mortgages, Real Estate News
The impact of the pandemic continues to cloud the overall performance of the real estate market. The metrics covering delinquency have confirmed a number of the periods over the last 10 months, specifically during the periods of March and April. During September and...
by Anthony | Nov 3, 2020 | COVID19, Foreclosure, New York CIty
According to a number of different studies and reports, the amount of unpaid rent by December 2020 could reach billions of dollars. This is the result of the accumulation of job losses, furloughs, closed businesses, shutdowns and lockdowns. According to some research,...
by Anthony | Aug 4, 2020 | COVID19, Debt, Delinquencies, Foreclosure
Black Knight reported on their website that “that the number of loans in forbearance fell by 17K this week, dropping the national forbearance rate to 7.7%. There are now 4.1M loans that remain in active forbearance as of July 28th. While noticeable declines were...
by Anthony | May 19, 2020 | COVID19, Delinquencies, Foreclosure, Mortgages, Real Estate News
Approximately 4.7 million mortgages are in some stage of forbearance at this point. This represents approximately 8.8% of all home loans. The number of borrowers with secured agreements to delay payments rose from 4.5 million to 4.7 this week. This translates into...
by Anthony | Apr 14, 2020 | Debt, Delinquencies, Foreclosure, Mortgages, New Jersey News, NJ Real Estate News
When JPMorgan Chase announced that it is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption, the initial reaction might be concern. Hold on and take a deep breath....
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