Black Knight has suggested mortgage servicers use predictive modeling data or aerial photography to help determine how likely it is that one of their borrowers’ properties was damaged in a natural disaster.
Vacancy rates for single-family home rentals are expected to remain stable in the months ahead, but the rapid rise in rents is likely unsustainable, according to industry experts.
Foreclosure filings last month nearly tripled from a year ago, according to Attom. However, the analytics firm said foreclosure activity is getting back to normal after two years of government intervention that led to historically low levels of default.
Officials from FHA, VA and USDA’s Rural Housing Service recently discussed how to help borrowers through the challenges of today’s volatile housing market.