Google+
  • Ocwen23.34-0.19 -0.81%
  • Zillow114.27-0.75 -0.65%
  • Trulia49.06-0.18 -0.37%
  • NationStar29.89-0.01 -0.03%
  • CoreLogic33.59+0.33 +0.99%
  • RE/MAX32.24-0.07 -0.22%
  • Fannie Mae2.46-0.03 -1.20%
  • Freddie Mac2.38-0.03 -1.24%
  • Wells Fargo54.29+0.48 +0.89%
  • CitiMortgage54.35+0.69 +1.29%
  • Bank of America17.2699+0.1499 +0.88%
  • Fidelity National Financial30.360.00 0.00%
  • First American31.60+0.05 +0.16%
  • AUDUSD=X0.8624N/A N/A
  • USDJPY=X118.395N/A N/A
  • WP Stock Ticker
Home | Tag Archives: Deloitte

Tag Archives: Deloitte

Consumer Spending Rises for Second Straight Month

money-five

The index tracks consumer cash flow through a handful of measures—tax burden, initial unemployment claims, real wages, and new home prices—as an indicator of future consumer spending. Out of those four gauges, only one improved: Real hourly wages were up 0.5 percent from August to $8.86 in September, Deloitte reported.

Read More »

Home Prices Give Lift to Consumer Spending

A significant increase in home prices helped push Deloitte's Consumer Spending Index up in September, the company reported. The index, which tracks consumer cash flow as an indicator of future consumer spending, rose to 3.53 from 3.27 in August. A substantial 10.5 percent bump in housing prices accounted for much of the overall increase.

Read More »

OCC Releases Status Report on Fixing Deficient Foreclosure Practices

The Office of the Comptroller of the Currency (OCC) issued a report Tuesday on actions taken to correct deficiencies in mortgage servicing and foreclosure processing by the 12 institutions it oversees. The OCC has made public the names of the independent consultants retained for foreclosure reviews, and notes that evaluations of certain cases and mailings to more than 4 million borrowers are underway. The agency says all servicers have instituted policies to end dual-tracking and provide borrowers with a single point of contact.

Read More »

Deloitte Zeros In on Servicing Strategies for First-Time Defaulters

The economic environment of the last several years has added to the ranks of first-time defaulters. According to a survey conducted earlier this year by Deloitte, 11 percent of bank customers fall into this category, meaning they have experienced their first default or serious delinquency because of the recent financial crisis and recession. Deloitte contends that servicing and default management strategies should be tailored to match these customers' needs to capture what will likely be a profitable segment over time.

Read More »

Fitch: Price Declines Take a Bigger Piece of Prime Borrowers’ Equity

The analysts at Fitch Ratings warn that before the housing market pulls out of this downturn, half of prime borrowers could wind up underwater on their mortgage. Data released last month by CoreLogic shows that one in five of all residential mortgages in the U.S. is in a negative equity position. But segment out just those homeowners with prime mortgages, and Fitch says one in three currently owe more on their mortgage than the home is worth.

Read More »

First-Time Defaulters: An Underappreciated Customer Segment?

The housing crisis and the financial downturn that followed, without question, have profoundly altered the consumer lending landscape. According to the financial advisory firm Deloitte, one change that may be underappreciated is the rapid emergence of an important customer segment that could have powerful implications for lenders - the first-time defaulter. A survey conducted by the firm found that 11 percent of banking customers have experienced a negative credit event for the first time in their lives within the last two years.

Read More »
Scroll To Top