Click through for some of the big-ticket news impacting the housing market and a report that is likely to affect the overall economy and housing as the nation goes to vote.
Read More »Loan Mods and Liquidation Decline
Loan modifications and liquidation continued to decline in the first quarter of 2018, according to a housing finance snapshot giving a breakdown of how defaults and delinquencies have performed. Here are some other findings of this report.
Read More »Low Delinquencies Drive Consumer Credit Market Performance
The consumer credit market showed an overall strong performance at the end of 2017, according to the Q4 Industry Insights Report published by TransUnion on Tuesday. According to the report, increased access to loans and relatively low delinquency levels were ...
Read More »Defining Debt Collectors
Editor's note: This story was originally featured in the January issue of DS News, out now. The United States Supreme Court, in Henson v. Santander Consumer USA Inc., settled a circuit court split and solidified what may turn out to be a ...
Read More »Defaults on the Downward Slope
The default rate has been steady and falling as home prices continue to rise in most parts of the country and sales of both new and existing homes increase. The default rate for both first and second mortgages fell in April. Additionally, most cities saw declining default rats, with the exception of New York.
Read More »Rate Hike Affect on Bank Cards and Mortgages
Bank card default rates went up by one basis point to 3.22 percent between February and January, according to S&P/Experian Consumer Credit Default Indices. February’s 3.22 percent default rate is a 44-month high, the highest rate since July 2013. Interest ...
Read More »Poor Underwriting is Contagious
Lenders tend to be pressured to lend more aggressively if competing lenders relax standards.
Read More »Price Appreciation—Good for Driving Down Defaults
Home price appreciation has been steady every year since prices bottomed out in 2012. While some analysts may point out that this has hurt affordability, since wage growth has largely not kept up, at least one pointed out a positive result of rising prices.
Read More »Pre-Crisis Investors See Fewer Defaults
Investors with property loans issued before the housing crisis continue to see fewer defaults than those for owner-occupied properties.
Read More »Collection Records Show Many Who are Evicted are Repeat Offenders
An analysis revealed that rental-related collection records and prior evictions can be highly predictive of renters' future behavior.
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