Bankruptcy Doesn’t Automatically Accelerate a Mortgage, State Supreme Court Says

A discharge in bankruptcy by itself does not start the statute of limitations running on a defaulted mortgage, Colorado Supreme Court holds.

Supreme Court Argument: Can Real Estate Tax Foreclosure Violate the Takings Clause?

Eighteenth century ‘history and tradition’ might govern the constitutionality of real estate tax foreclosures where the government retains sale proceeds in excess of unpaid taxes.

Lack of New Home Listings Weakens Mortgage Demand

A dearth of new home listings is hampering mortgage demand even as the benchmark home loan rate continues its downward trajectory, according to data released by the Mortgage Bankers Association (MBA), The Hill reported. The Mortgage Composite Index, which measures the volume of mortgage applications, decreased by 4.1 percent from a week earlier, MBA’s data showed. Mortgage rates for nonconforming loans dropped by 5 points from last week to 6.40 percent while fixed mortgage rates for jumbo loans exceeding $726,200 increased to 6.36 percent. “Spring has arrived, but the housing market is missing the customary burst in listings and purchase activity that typically mark the season. After four weeks of increasing purchase application activity, volume declined a bit this week even with another small drop in mortgage rates,” MBA chief economist Mike Fratantoni said. He noted that entry-level loan purchase applications also declined last week, adding that affordability could be an issue for first-time buyers. “We do expect strong demand from first-time homebuyers over the next several years given the large number of millennials hitting peak first-time homebuyer age, but affordability remains a real challenge in this environment,” Fratantoni said. A recent report from the National Association of Realtors shows that older generations hold an edge over their younger counterparts, making up 39 percent of the purchase market in 2022. The share of millennial buyers fell to 28 percent from 41 percent in 2021.
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Renewing a Title Loan Just Before Chapter 13 Didn’t Make the Filing in Bad Faith

Ruling the other way would have barred chapter 13 filings after renewing title loans.