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Industry News

Covid-19 State Foreclosure Moratoriums and Stays

Posted on October 8th, 2020

The following are summaries of actions certain states have taken in response to the Covid-19 crisis to limit home foreclosures. The list may not be complete, as state and local governments continue to adopt new emergency measures at a fast pace.

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Covid-19 Recession Could Double Illinois’ Delinquent Mortgage Rate in 2020

Posted on September 12th, 2020

COVID-19 recession could double Illinois’ delinquent mortgage rate in 2020. Up to 130,000 Illinois homeowners could fall behind on their mortgage payments if state lawmakers fail to provide relief. Illinois’ housing market was one of the weakest in the nation prior to 2020.

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Why Pending Foreclosure Wave Won’t Be Like the Last One

Posted on September 10th, 2020

There is little doubt that the COVID-19 pandemic will give rise to more foreclosures, but industry professionals predict conditions won’t be nearly as bad as they were in 2008-2010, for a few reasons. A prominent housing analyst told Bankrate.com to expect hundreds of thousands of defaults next year as mortgage forbearance periods end.

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State-By-State, the Desire to Relocate

Posted on September 9th, 2020

According to a recent survey conducted by researchers at unclutterer.com (a home and office organization website), many Americans are looking to relocate post-pandemic. The most popular reasons given for this wished-for migration include the fact that many Americans report being either bored with their current locations (following weeks upon weeks of lockdown) or simply wanting […]

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Forbearance Update: How the Trends Are Changing

Posted on September 9th, 2020

The total number of loans now in forbearance reached 7.16% of servicers’ portfolio volume for the week ending August 30, down slightly from the 7.20% level recorded one week earlier, according to the latest Mortgage Bankers Association (MBA) Forbearance and Call Volume Survey. The new survey determined that 3.6 million homeowners are now in forbearance […]

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Aspen General Contractors, Inc

1030 S. LaGrange Rd
Suite 12 & 13
LaGrange, IL 60525
Office:
Fax:
(708) 579-0600
(708) 354-5008
aspen@aspengen.com
www.aspengen.com