Independent thinking for complex markets and current events
via Many_Ebb7816 There’s a house two streets from me that’s been sitting as a bank-owned REO since February- listed at $265k, probably worth $210k in current condition, and getting worse every month it sits. I know for a fact they’ve had offers. Reasonable ones. Rejected every single one. Had an auction in April, nobody met …
The U.S. housing market hit a fresh distress milestone this morning. Foreclosure filings in Q1 2026 rose to 118,727, a 26% increase year-over-year. Bank repossessions (REOs) surged even higher, jumping 45% since last year. Analysts are calling this the highest level of foreclosure activity in six years as pandemic-era protections have fully cleared and high …
Foreclosure surge sweeps America: 118,000 homes at risk as families buckle under financial strain A fresh wave of foreclosures is sweeping across the United States, with more than 118,000 homes caught up in the crisis in just the first three months of 2026. It is a grim omen – with echoes of the run up …
Foreclosures are surging across the United States, and the numbers are hard to ignore. In January 2026, over 40,000 homes were seized, marking a 32% increase compared to the same month last year. This is the 11th consecutive month of rising foreclosures, and experts are warning that things could get even worse before they get …
So it has begun. This will jump by summer. — John Ravenda (@JohnRavenda) January 26, 2026 Only 23.1% of people made $100,000+/yr last year https://t.co/w2KnHXdAQj — Jon Brooks (@jonbrooks) January 26, 2026
Hollywood legend Kevin Spacey has revealed that he is homeless, having lost his lavish Baltimore property to foreclosure while dealing with the soaring cost of the legal fees involved in defending himself against a spate of sexual assault allegations. Spacey, 66, was once one of the most sought-after actors in the industry, enjoying a series …
On October 1, the federal government flips the switch on a new set of FHA rules that will pull the rug out from under millions of homeowners. There will be no big announcement. No cameras. The change hides in mortgagee letters and fine print, dropped the same week COVID-era protections disappear. People waiting for relief …
How many of the 550bn$ of MBS holding “guaranteed” mortgages by Fannie and Freddie in $BAC books were structured on fraudulent mortgages and are about to be nuked? 👀 https://t.co/iTXUp3D0Cx pic.twitter.com/w4FIpug6fH — JustDario 🏊♂️ (@DarioCpx) April 17, 2025 Builders can’t sell inventory as buyers vanish… Realtor pitch crumbles under economic reality… You know, I get …
If your mortgage payment is over $3,000 a month, odds are you can’t actually afford the house. Yeah, you can fake it for a few years: stretch the budget, shift some expenses, maybe dip into savings when things get tight. But the walls close in eventually. The pressure builds. The monthly payment becomes a looming …
🚨8 Retail Condo Units in the West Village Face Foreclosure – The units are at 122 Greenwich Avenue in the West Village…beautiful building – The 8 units were purchased in 2018 for $31mm – Purchase was financed with $20mm loan from Signature Bank – The loans were purchased… pic.twitter.com/cYP8ssJYsG — Shashankh Aryal (@aryal1994) August 17, …
A lot of people think home prices will “go crazy” again when the Fed starts cutting rates This will only be true if they are token cuts and ultimately we remain in a long term tightening cycle If we start making rapid cuts next year and swing back to an easing cycle, nope pic.twitter.com/3ZF9IZSXiF — …
Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis. That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks a 3% …
Kevin Spacey breaks down in tears, revealing that his property is facing foreclosure. His house will be sold and auctioned. Kevin Spacey has no idea where he will live now and admits that he has no money. Kevin Spacey visited Africa with Jeffrey Epstein along with Chris Tucker… pic.twitter.com/lGVJXUMTYA — Shadow of Ezra (@ShadowofEzra) June …
Banks are beginning to foreclosure on homeowners who can’t pay their mortgage. With ATTOM Data Solutions reporting a meaningful uptick in foreclosure activity to start 2024. Particularly in this neighborhood in New York where defaulted homeowners are being kicked out of their homes by the banks.
The Federal Reserve’s efforts to weaken the labor market could have serious implications for the housing sector, as dwindling savings and potential job losses create a looming threat of rising foreclosures, amplifying the fragility of the housing market. If the Fed "succeeds" in weakening the labor market, it will impact housing. With excess savings depleted, …
Escalating mortgage rates have made buying a home prohibitively expensive, and renting is now the more compelling option. Home buyers are backing out of deals at the highest rate in a year, per BI. — unusual_whales (@unusual_whales) October 23, 2023 The number of homeowners hit with foreclosure notices in the third quarter of the year …
Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure and homelessness Already, 16,654 reverse mortgage holders have gone into foreclosure in the five years that ended December 2017, the most by far in the U.S. and nearly double the second-most — in California. Those figures are based on an analysis by USA TODAY in …
via nbcnews: As the cost of living in the U.S. continues to climb, foreclosures are also on the rise. May foreclosure-related filings, which include default notices, scheduled auctions and bank repossessions, were up 7% from April and up 14% from a year ago, to 35,196 properties, according to the real estate data group ATTOM. Lenders …
And it's not just Downpayments. Average Debt to Income Ratios today are comparable to mid-2000s. Meaning that homebuyer incomes, on average, are just as stretched in their ability to afford the mortgage payments. pic.twitter.com/3wIVJvidCS — Nick Gerli (@nickgerli1) August 14, 2022 But on average Mortgage Lending Standards are just as bad by the two most …