• Ocwen10.16+0.11 +1.09%
  • Zillow85.07-2.25 -2.58%
  • Trulia+0 +0%
  • NationStar17.47+0.09 +0.52%
  • CoreLogic40.42+0.05 +0.12%
  • RE/MAX36.97+0.56 +1.54%
  • Fannie Mae2.22-0.08 -3.48%
  • Freddie Mac2.12-0.08 -3.42%
  • Wells Fargo56.44-0.30 -0.53%
  • CitiMortgage55.08-0.29 -0.52%
  • Bank of America16.94-0.09 -0.53%
  • Fidelity National Financial38.14+0.51 +1.36%
  • First American38.03+0.50 +1.33%
  • AUDUSD=X0.7480-0.0020 -0.2706%
  • USDJPY=X122.7125+0.1525 +0.1244%
  • 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.

About Author: DSNews

Leave a Reply

Scroll To Top