Google+
  • Ocwen28.04-0.87 -3.01%
  • Zillow130.97-1.05 -0.80%
  • Trulia55.59-0.41 -0.73%
  • NationStar34.82-0.06 -0.17%
  • CoreLogic27.96-0.21 -0.75%
  • RE/MAX30.29-0.64 -2.07%
  • Fannie Mae3.15-0.15 -4.55%
  • Freddie Mac3.18-0.10 -3.05%
  • Wells Fargo53.36+0.12 +0.23%
  • CitiMortgage53.48-0.18 -0.34%
  • Bank of America16.95-0.09 -0.53%
  • Auction.com0.00N/A N/A
  • Fidelity National Financial27.78-0.36 -1.28%
  • Black Knight Financial0.00N/A N/A
  • AUDUSD=X0.8927N/A N/A
  • USDJPY=X109.02N/A N/A
  • WP Stock Ticker
Home | Featured | DS News Webcast: Tuesday 2/4/2014
Print This Post Print This Post

DS News Webcast: Tuesday 2/4/2014

Foreclosure, REO, News, Webcast

Black Knight Financial Services released on Monday its year-end Mortgage Monitor Report, showing significant, sustained improvements in both delinquency and foreclosure numbers throughout 2013. Echoing data released in its first-look report at the end of January, the company revealed delinquency rates last year were about 1.5 times the pre-crisis average, while foreclosure rates were 4.6 times their pre-crisis level. While those percentages are still elevated, Black Knight says they're a substantial improvement from their peaks.

The company also explored the rate of recovery between judicial versus non-judicial foreclosure states, finding that judicial areas have been a bit slower to bounce back in price growth and the number of problem loans. Herb Blecker, SVP of data and analytics for Black Knight, discussed the difference in growth:

Fannie Mae's book of business shrank in December, ending a short streak of growth as new business acquisitions slowed. According to the GSE's monthly volume summary, total business contracted at a compound annual rate of 0.4% in December, bringing the full-year growth rate to negative 0.8%. The total book was valued at about $3.16 trillion as of the end of 2013.

Bookmark and Share

About Author: DSNews

This user has not filled out their bio!

Leave a Reply

Scroll To Top