Foreclosure activity ratcheted up in March, with the foreclosure inventory hitting an all-time high of 2.2 million and foreclosure starts growing about 33% month-over-month, according to Lender.
Mortgage servicers started more foreclosures in May than a year ago, the first year-over-year increase since early 2011, according to lender processing services [stock lps][/stock] data.foreclosure.
NAHB: Builder confidence ends four months of consecutive increase Following four consecutive months of improvement, builder confidence in the market for newly built, single-family homes held unchanged in September with a reading of 58 on the National Association of home builders/wells fargo housing market Index (HMI), released today. "While builder confidence is holding at the highest level in nearly eight years, many are reporting some hesitancy on the part.
Within that rate, loans in the process of foreclosure had a rate of 1.29 percent, a number that retreated by 10 bps from the previous quarter, was 35 bps lower than one year earlier, and also a ten-year low. Foreclosure starts also declined. They were down 4 bps from the first quarter and 6 from the second quarter of 2016.
Register O’Donnell Reports Good Start to 2017 Real Estate Season.. lending activity was more robust in January than compared to one -year ago with a total of 2,282 mortgages recorded, a significant 15% increase from the previous year.. "As I have stated many times, one foreclosure deed.
New foreclosure starts, which have been volatile from month to month, fell to 58,728 in April from 72,762 in March and from 70,400 in April a year ago. This was the lowest number of foreclosure starts in any month since April 2005, before the mortgage crisis began.
Mortgage Risk Index hits series high in January The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January 1975.HUD fines FirstBank Mortgage Partners for maternity-related discrimination MSR sale lifts wells fargo stock · Housing Wire – “MSR sale lifts wells fargo stock” (1-22-14) “Well Fargo’s stock finished the day in the green after it announced it signed an agreement to sell Ocwen Loan Servicing a $39 billion portfolio of residential mortgage servicing rights.”U.S. penalizes lenders over . – It's a persistent problem: Lenders and mortgage insurers allegedly delay or deny. penalties against – a variety of lenders and insurers on maternity discrimination. The latest settlement came June 25, when HUD outlined a. flow of complaints" on maternity-related mortgage discrimination and that the.
The Federal Reserve released a new rendition of its popular Beige Book this week. Reports from all 12 Fed districts indicated that overall economic activity continues to expand, but all said.
Dallas-Fort Worth housing market running hot Between 2011 and 2016, the median home price in DFW’s metro area jumped from $149,900 to $232,000, according to A&M data. While the region’s housing market is still less expensive than major cities on the coasts, some say our comparative advantage is slipping.
A new report from mortgage market tracking company LPS Applied Analytics shows that only 8 percent of all U.S. home loans were 30 days or more delinquent, but not yet in foreclosure in April. That figure is slightly higher than March’s but the good news is that it is down 16 percent from one year ago.
Property Foreclosure Events in Maryland FIRST QUARTER 2017. decreased by 17.9 percent from one year ago.. (the initial document filed by the lender to start the foreclosure process, also called pre-.
New York foreclosure courts face seven-year backlog: RealtyTrac Nationally, the number of homes set on the path to foreclosure slid to a seven-year low. including New York, New Jersey, Illinois and Virginia, RealtyTrac said. Much of the quarterly increase in.
Averaging these three back-to-normal percentages together, the housing market is now 53% of the way back to normal, up from 51% in January. One year ago, the market was 33% back to normal. At this rate of recovery, "normal" won’t come until late 2015.
compared to 3.85 percent during the first month of last year. Foreclosure inventories increased in December across all products except subprime. LPS says growth in the foreclosure count is being.