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DS News Webcast: Tuesday 3/8/2016

Most of the news regarding housing fundamentals has been positive in the last two years or so. But mortgage delinquencies rose month-over-month in January for the first time since the housing recovery began, according to data reported by Black Knight Financial Services on Monday. The share of delinquent mortgage loans has declined by an average of 2 percent month-over-month every January since 2011—until this year.

In January 2016, the share of delinquencies shot up by 6 point 6 percent, an increase of 167 thousand properties. With January’s increase, the total of delinquent properties nationwide was approximately 2 point 57 million, or about 5 percent of all residential properties with a mortgage. On whether the delinquency rate will bounce back in February, the Black Knight report stated that, quote, It is typical to see a partial, but not full, recovery the following month. Close quote

The Federal Reserve has proposed a rule aimed at improving financial stability among larger bank holding companies by limiting excessive credit exposures by a bank to a single counterparty. During the financial crisis, excessive credit exposures between financial institutions resulted in the spread of financial distress and undermined financial stability. The proposal would apply single-counterparty limits to banks with total consolidation assets of 50 billion dollars or more.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

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