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Job losses, recessionary fears to lead to rise in mortgage delinquencies in the US

With job losses and a predicted recession, home mortgage delinquencies are expected to increase in the US, a senior official of mortgage servicing fintech software-as-a-service (SaaS) Sagent said on Monday.The US-based Sagent, backed by Warburg . ....

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Job losses, recessionary fears to lead to rise in mortgage delinquencies in the US

Job losses, recessionary fears to lead to rise in mortgage delinquencies in the US
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Servicing, Cybersecurity, QC, Fee Collection Tools; Investors React to FHFA Changes; Nationwide Property Listing Stat

Two hydrogen atoms meet. One says, “I've lost my electron.” The other asks, “Are you sure?” The first replies, “Yes, I'm positive.” (Yes, its cutting-edge humor like this that keeps you coming back.) Do positive thoughts matter? Houston’s Norina and Ramon Navarro think so. Thinking positive thoughts about the housing inventory in the United States probably won’t help, and I am hearing renewed stories about a lack of inventory and multiple offers at certain price points around the nation. There are only 578,000 active listings nationwide. (This is out of 142 million housing units.) Where’s the supply? Well, what do American Homes 4 Rent, Home Partners of America/Blackstone, Tricon Residential, Main Street Renewal, Progress Residential, Invitation Homes, and a smattering of others have in common? They have accumulated more than 65,000 homes in the Atlanta area alone. Thank you to DepthPR’s Kerri M. for ....

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