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DeepNewz, mobile.
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Foreclosure activity in the first half of 2024 has decreased compared to the previous year, according to data from ATTOM and RealtyTrac. This decline reflects continued strength for American homeowners. However, some argue that the reduction in foreclosures may be influenced by government policies making it harder to foreclose. Additionally, experts suggest that banks and the Federal Reserve are playing a significant role in managing foreclosures through forgiveness and balance sheet management. Despite the current decline, foreclosures are expected to grow slowly for the remainder of 2024.
You can’t underestimate the can kicking by banks these days. Yes owners have more equity. However, the Fed and banks are experts at forgiveness now. The banks have no room on their balance sheets for massive foreclosures. So kick the can. https://t.co/S14gS5EFn0
Foreclosures expected to grow slowly the rest of 2024: https://t.co/mR1t3N2r2P https://t.co/Z2xc2O1Ku0
Foreclosures are DOWN slightly in 2024 I’m hearing pushback on this data from people saying, “Well, the government makes it harder to foreclose on now” If true—that is the new reality the market operates in 🤷🏼♀️ https://t.co/NcJyRob9rZ
