Google+
  • Ocwen19.27-0.24 -1.23%
  • Zillow106.07-2.38 -2.19%
  • Trulia44.93-1.16 -2.52%
  • NationStar33.40+0.81 +2.49%
  • CoreLogic30.46+0.18 +0.59%
  • RE/MAX31.79+0.71 +2.28%
  • Fannie Mae2.34+0.06 +2.63%
  • Freddie Mac2.24+0.03 +1.36%
  • Wells Fargo51.20+0.60 +1.19%
  • CitiMortgage51.80+0.39 +0.76%
  • Bank of America16.72+0.12 +0.72%
  • Fidelity National Financial29.31+0.33 +1.14%
  • First American29.68+0.77 +2.66%
  • AUDUSD=X0.8795N/A N/A
  • USDJPY=X108.145N/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

Avatar of DSNews
This user has not filled out their bio!

Leave a Reply

Scroll To Top