NRZ is currently in a sweet spot in which rising rates, a strong and accelerating economy, and high share price mean strong growth will likely continue. However, there are numerous risks to NRZ's business model, which means the generous 11.2% dividend might not survive the next recession.
With Halloween just days away, zombie foreclosures – homes abandoned by their owners but not yet seized by lenders – now account for 5.6% of all distressed properties in the Sarasota-Manatee region, according to a new report by real estate researcher Attom Data Solutions . Sarasota-Manatee ranked 37th among the 149 major U.S. metro areas…
Long the top choice for international buyers in the U.S., Florida also leads the country for foreign buyers selling off their stake of real estate. Long the top choice for international buyers in the U.S., Florida also leads the country for foreign buyers selling off their stake of real estate. Foreclosure News
The 14,000-square-foot home, at 4860 Oldbridge Drive, will be auctioned in a few weeks with a starting bid of $ 1.4 million, less than half of what it last sold for. The offer comes with a catch: Because the home is a foreclosure, prospective buyers can't see the inside or even step foot on the…
The national unemployment rate for African Americans inched up in June to 6.5%, after hitting an all-time low of 5.9% in May. While this is the second lowest number on record since the Bureau of Labor Statistics started tracking this nearly 50 years ago, homeownership in the black community continues to decline, even though more…
When California received $ 410 million as part of a settlement with banks accused of abusive foreclosures, the state used most of the money to offset state deficits. Now an appeals court says the state must return the funds to help homeowners hurt by the foreclosures — like it was supposed to do in the…
The number of D-FW home flips fell by more than 30 percent in the second quarter and average profits fell, according to a new study by Attom Data Solutions. That jibes with a new nationwide report that says home flipping returns were at almost a 4-year low in the second quarter. Foreclosure News
