Latest Updates Around The World
Advocates say many Ohio counties already offer informal payment plans to help older residents manage rising property taxes — and that HB 443 would codify these practices into law. “The Legislature took action on unapproved property tax spikes during the 2025 sessions, but it is still important for us to address reforms around the property […]
Participants must also have continuously resided in the state for 20 years or more. According to the proposalthe cost of the program would be approximately 3% of Tennessee’s annual state budget. It could be financed from the state’s recurring surplus – estimated at $1.5 billion to $2.5 billion per year. Mitchell asserted that Tennessee has […]
ICE said the increase is largely due to calendar effects and not a general deterioration in borrower performance. Similar calendar-driven increases occurred in 2014, 2008 and 2003, each of which saw a larger increase in November delinquencies than this year’s increase. “While topline delinquency figures show a sharp increase, we have seen similar spikes in […]
ICE found overall mortgage performance was strong in October, with the national default rate falling 7 basis points (bps) to 3.34%. That is 11 basis points lower than last year and 53 basis points lower than the pre-pandemic benchmark of October 2019. Andy Walden, head of ICE’s mortgage and housing market research, said the modest […]
FAPA was passed in 2022 in an effort to prevent banks from endlessly trying to foreclose on a homeowner for the same debt. The issue stemmed from the 2008 housing crisis, when lenders filed and later dropped thousands of foreclosure cases, often causing the six-year statute of limitations to expire. As a result, many lenders […]
The number of bankruptcies rose to 42,000 in September – 43.5% higher than in August and an increase of 60.5% year on year. For the full third quarter, bankruptcies totaled 103,000, up 23% year-over-year, but still 18% below Q3 2019 levels. ICE’s long-term rates, which combine delinquencies and active foreclosures, improved year over year for […]
The delinquency rate fell by 11 basic points from the first quarter of 2025 and 4 bps Down of Q2 2024. The share of loans on which shielding actions were started in the second quarter fell by 3 bp to 0.17%. “The seasonal graduate of mortgage-like delinquency rate fell to 3.93% in the second quarter […]
