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Tag Archives: Auction.com

Feature: New World Order

The veterans of this business can remember when REOs ran in the neighborhood of 150,000 a year, delinquency rates were just around 4 percent, and you only needed a credit score of 620 to qualify for a prime mortgage loan. But the housing finance industry, and default servicing especially, has changed. In the cover story of it's September issue, DS News looks at the many factors--from a slew of new regulatory mandates to an altered public perception of debt obligations--that have altered the business into something far from customary.

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Commentary: What’s in Store for Housing in 2014, Part 1

Many economists and market observers have suggested the market is poised for continued growth as the recovery enters its third year, and there are positive elements in play that provide some reasons for optimism. Recent loan vintages continue to perform at levels better than historical norms, which has allowed the industry to work through its backlog of distressed assets; foreclosure activity is declining; and housing starts have begun to rise.

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Commentary: Looking Forward

In a commentary shared with DSNews.com, Peter Muoio, chief economist for Auction.com Research, revealed the company's predictions for 2014. Muoio says the housing recovery will get its second wind next year, the Federal Reserve's tapering of stimulus measures will extend for a longer period that most analysts are expecting, REO-to-rental will cool off, and the Canadian housing bubble will come closer to bursting.

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Commentary: Investors Still Flooding the National Housing Market

Both large institutional and smaller ""mom and pop"" investors have been very active purchasing homes at a steep discount, primarily in housing-bust markets. Industry reports attribute anywhere from 33 to 49 percent of September's home purchases to investors. Whether one-third or nearly one-half of the market, investors are the key force driving home prices, which could signal volatility in coming quarters.

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Commentary: Congress’ Deadliest Weapon? Uncertainty.

The federal government shutdown is center stage in the news and the question that is repeatedly asked is: What impact will it have on the economy? Of course, the potential economic impact will be difficult to gauge because the shutdown has stopped the flow of government data releases until the funding battle is resolved. Luckily, one key indicator remains live.

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