Most default servicing leaders surveyed recently expect a soft landing in the economy, a continued rise in home prices, and a gradual increase in foreclosure volumes in the second half of the year, according to Auction.com’s 2024 Seller Insights Report.
The report also reveals:
- Expectations for home price appreciation through 2024
- The percentage of loans in loss mitigation expected to perform
- Top risk factors for higher delinquencies
- And much more
“Our partners in the default servicing industry are on the frontlines of any emerging risk in the mortgage market, and we communicate regularly with them to identify those risks and build solutions of value,” said Jason Allnutt, Auction.com CEO. “Nearly halfway through the year, leaders in this industry are telling us that the risk of rapidly rising delinquencies and foreclosures this year remains low and that they expect a soft landing in the housing market and broader economy despite an expectation that mortgage rates will remain relatively high throughout the remainder of the year.”
Download Auction.com’s 2024 Seller Insights Report today to gain comprehensive insights into the default servicing and mortgage market.