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Foreclosure Report: Which States Are Seeing Increases?

first_img The Best Markets For Residential Property Investors 2 days ago August 27, 2020 3,839 Views Related Articles in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post ATTOM Data Solutions 2020-08-27 Christina Hughes Babb Home / Daily Dose / Foreclosure Report: Which States Are Seeing Increases? Previous: Most Competitive Housing Markets Next: FHFA and FHA Extend Foreclosure, REO Eviction Moratoriums Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily center_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Foreclosure Report: Which States Are Seeing Increases? The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago ATTOM Data Solutions this week released its July 2020 U.S. Foreclosure Market Report, which shows there were a total of 8,892 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in July 2020, down 4% from a month ago and 83% from a year ago.“Even as mortgage delinquency rates climb, foreclosure activity continues to be artificially low due to moratoria put in place by the Federal and State governments,” said Rick Sharga, EVP at RealtyTrac (an offspring of ATTOM). “It’s inevitable that there will be a significant increase in foreclosures once these moratoria have expired, although it’s unlikely that we’ll see default rates reach the levels we saw during the Great Recession.”Delaware, South Carolina, Maine post highest state foreclosure rates, according to the report, which included the following details:”Nationwide one in every 15,337 housing units had a foreclosure filing in July 2020. States with the highest foreclosure rates were Delaware (one in every 6,489 housing units with a foreclosure filing); South Carolina (one in every 7,328 housing units); Maine (one in every 7,542 housing units); New Mexico (one in every 8,255 housing units); and California (one in every 9,194 housing units).Among the 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in July 2020 were Trenton, NJ (one in every 3,445 housing units with a foreclosure filing); McAllen, TX (one in every 3,833 housing units); Davenport, IA (one in every 4,038 housing units); Dayton, OH (one in every 4,055 housing units); and Albuquerque, NM (one in every 4,452 housing units).Those metropolitan areas with a population greater than 1 million, with the worst foreclosure rates in July 2020 included Louisville, KY (one in every 5,383 housing units); Riverside, CA (one in every 7,345 housing units); Baltimore, MD (one in every 8,139 housing units); Cincinnati, OH (one in every 8,289 housing units); and St. Louis, MO (one in every 8,514 housing units).Nationwide, foreclosure starts are down. A total of 4,530 U.S. properties started the foreclosure process in July, 7% less than last month and 83% from a year ago.”Counter to the national trend, several states posted month-over-month increases in foreclosure starts, including Connecticut (up 54%); Michigan (up 42%); Missouri (up 34%); Virginia (up 32%); and California (up 1%).Among metropolitan areas with a population greater than 1 million, those with the greatest number of foreclosure starts in July 2020 were Los Angeles, CA (285 foreclosure starts); New York, NY (190 foreclosure starts); Chicago, IL (182 foreclosure starts); Houston, TX (174 foreclosure starts); and Atlanta, GA (125 foreclosure starts).Bank repossessions continue to drop to lowest levels. Lenders foreclosed (REO) on a total of 2,163 U.S. properties in July 2020, down 14% from last month and 80% from a year ago to the lowest since we began tracking in 2005.“Even after default activity starts to increase, we may not see a similar increase in the number of repossessions,” Sharga noted. “The combination of record levels of homeowner equity, extremely limited supply of homes for sale, and strong homebuyer demand should give many distressed homeowners an opportunity to sell their property rather than lose it to foreclosure.” Demand Propels Home Prices Upward 2 days ago Tagged with: ATTOM Data Solutions Subscribe About Author: Christina Hughes Babblast_img read more

Coronavirus live updates: Fauci describes what it was like working with Trump

first_imgMyriam Borzee/iStockBy MORGAN WINSOR, ABC News(NEW YORK) — A pandemic of the novel coronavirus has now infected more than 99.2 million people worldwide and killed over 2.1 million of them, according to real-time data compiled by the Center for Systems Science and Engineering at Johns Hopkins University.Here’s how the news is developing Monday. All times Eastern:Jan 25, 7:31 amIsrael bans almost all incoming flights for one weekA ban on almost all incoming flights went into effect in Israel on Monday.The ban will last until Jan. 31, according to a joint statement from the Israeli Prime Minister’s Office, the Ministry of Health and the Ministry of Transport.The measure applies to all incoming flights except for cargo planes, aerial firefighting and flights for emergency medical evacuation. There is also a “temporary restriction” on permits for operating Israeli airlines, according to the statement.Meanwhile, people are now only allowed to fly out of Israel for medical treatment, judicial proceedings to which the person is a party or must participate in, or the funeral of a close relative. The measure also applies to private Israeli planes, according to the statement.The Israeli government previously announced it is extending the country’s lockdown to the end of the month amid a spike in COVID-19 infections, and that travelers are only allowed to board a flight to Israel on presentation of a negative COVID-19 test during the 72 hours preceding travel.Jan 25, 6:27 amFauci describes what it was like working with TrumpDr. Anthony Fauci, the nation’s leading infectious disease expert, opened up about his experience working with former U.S. President Donald Trump in an interview with The New York Times that was published Sunday.When COVID-19 began to rapidly spread in the northeastern part of the country last year, particularly in New York City, Fauci said Trump had “almost a reflex response” to try to “minimize” the situation.“I would try to express the gravity of the situation, and the response of the president was always leaning toward, ‘Well, it’s not that bad, right?’ And I would say, ‘Yes, it is that bad,’” Fauci, director of the National Institute of Allergy and Infectious Diseases, told the newspaper. “It was almost a reflex response, trying to coax you to minimize it. Not saying, ‘I want you to minimize it,’ but, ‘Oh, really, was it that bad?’”Fauci, who was a key member of the Trump administration’s coronavirus task force, said another thing that made him “really concerned” was the former president taking input from non-experts on unproven methods to treat COVID-19, like hydroxychloroquine.“It was clear that he was getting input from people who were calling him up, I don’t know who, people he knew from business, saying, ‘Hey, I heard about this drug, isn’t it great?’ or, ‘Boy, this convalescent plasma is really phenomenal,’” Fauci told the newspaper. “And I would try to, you know, calmly explain that you find out if something works by doing an appropriate clinical trial; you get the information, you give it a peer review. And he’d say, ‘Oh, no, no, no, no, no, no, no, this stuff really works.’”“He would take just as seriously their opinion — based on no data, just anecdote — that something might really be important,” Fauci added. “That’s when my anxiety started to escalate.”When the leadership of the White House coronavirus task force changed hands last February, with U.S. Vice President Mike Pence coordinating the government’s response and Trump at the podium taking questions from reporters during the press briefings, Fauci said it went from “the standard kind of scientifically based, public-health-based meetings” to “the anecdotally driven situations, the minimization, the president surrounding himself with people saying things that didn’t make any scientific sense.”“Then I started getting anxious that this was not going in the right direction,” he told the newspaper. “We would say things like: ‘This is an outbreak. Infectious diseases run their own course unless one does something to intervene.’ And then he would get up and start talking about, ‘It’s going to go away, it’s magical, it’s going to disappear.’”That’s when Fauci said it became clear to him that he needed to speak up, even if it meant contradicting the president.“He would say something that clearly was not correct, and then a reporter would say, ‘Well, let’s hear from Dr. Fauci.’ I would have to get up and say, ‘No, I’m sorry, I do not think that is the case,’” he told the newspaper. “It isn’t like I took any pleasure in contradicting the president of the United States. I have a great deal of respect for the office. But I made a decision that I just had to. Otherwise I would be compromising my own integrity, and be giving a false message to the world. If I didn’t speak up, it would be almost tacit approval that what he was saying was OK.”This upset Trump’s “inner circle,” Fauci said.“That’s when we started getting into things I felt were unfortunate and somewhat nefarious — namely, allowing Peter Navarro to write an editorial in USA Today saying I’m wrong on most of the things I say,” he told the newspaper. “Or to have the White House press office send out a detailed list of things I said that turned out to be not true — all of which were nonsense because they were all true. The very press office that was making decisions as to whether I can go on a TV show or talk to you.”Fauci said there were a couple times where Trump even called him personally to say, “Hey, why aren’t you more positive? You’ve got to take a positive attitude. Why are you so negativistic? Be more positive.”Fauci said he and his family have received death threats, beginning last March, and that his wife once suggested he consider quitting.“But I felt that if I stepped down, that would leave a void. Someone’s got to not be afraid to speak out the truth,” he told the newspaper. “Even if I wasn’t very effective in changing everybody’s minds, the idea that they knew that nonsense could not be spouted without my pushing back on it, I felt was important. I think in the big picture, I felt it would be better for the country and better for the cause for me to stay, as opposed to walk away.”Jan 25, 5:13 amRussia sees lowest daily case count since NovemberRussia confirmed 19,290 new cases of COVID-19 on Sunday, the country’s lowest daily case count since the start of November, according to the country’s coronavirus response headquarters.An additional 456 deaths from the disease were also registered nationwide on Sunday. That brings Russia’s totals to 3,738,690 confirmed cases and 69,918 deaths, according to the coronavirus response headquarters.The Eastern European nation of 145 million people has the fourth-highest cumulative total of diagnosed COVID-19 cases, according to a real-time count kept by Johns Hopkins University.Jan 25, 4:22 amUS reports over 130,000 new casesThere were 130,485 new cases of COVID-19 confirmed in the United States on Sunday, according to a real-time count kept by Johns Hopkins University.Sunday’s tally is the lowest daily case count that the U.S. has recorded in a month and is also far less than the country’s all-time high of 298,031 newly confirmed infections on Jan. 2, Johns Hopkins data shows.An additional 1,770 fatalities from COVID-19 were registered nationwide on Sunday, down from a peak of 4,462 new deaths on Jan. 12, according to Johns Hopkins data.COVID-19 data may be skewed due to possible lags in reporting over the Martin Luther King Jr. Day holiday weekend.A total of 25,127,009 people in the U.S. have been diagnosed with COVID-19 since the pandemic began, and at least 419,215 have died, according to Johns Hopkins data. The cases include people from all 50 U.S. states, Washington, D.C., and other U.S. territories as well as repatriated citizens.Much of the country was under lockdown by the end of March as the first wave of the pandemic hit. By May 20, all U.S. states had begun lifting stay-at-home orders and other restrictions put in place to curb the spread of the novel coronavirus. The day-to-day increase in the country’s cases then hovered around 20,000 for a couple of weeks before shooting back up over the summer.The numbers lingered around 40,000 to 50,000 from mid-August through early October before surging again to record levels, crossing 100,000 for the first time on Nov. 4, then reaching 200,000 on Nov. 27 before nearing 300,000 on Jan. 2.Copyright © 2021, ABC Audio. All rights reserved.last_img read more