The bad news is that 67 million homes in the United States are seriously underwater. The good news is that that number hasn’t gotten worse.
Read More »Spring Has Brought on More Delinquencies
What implications does April's rise in 30-day delinquencies have for the mortgage industry?
Read More »How Much of Rising Household Debt is Mortgage-Related?
Overall household debt in the U.S. was up by more than $50 billion in Q4. How much of that can be attributed to outstanding mortgage balances?
Read More »Foreclosure Inventory Plummets to Eight-Year Low
The news was all good on the delinquency front for October 2015 as all related metrics continued steep declines.
Read More »More Than Half of Current HELOCs Facing Payment Shocks Over the Next Two Years
Home equity lines of credit (HELOCs) originated during the housing bubble years of 2005 to 2007 have either reached or will soon reach their 10-year "end of draw" period, at which point borrowers will face a payment shock that may cause delinquency rates among HELOCs to rise substantially.
Read More »Foreclosures Hit 16-Year Low While Overall Household Debt is Little Changed
According to the New York Fed, foreclosures hit their lowest point in the 16-year history of the bank's Consumer Credit Panel, which uses anonymized Equifax credit data to generate a nationally representative sample.
Read More »Delinquencies Down Among Single-Family Rental Securitizations
Delinquencies were reported at less than 1 percent in 11 out of 15 single-family securitizations rated by Morningstar in March 2015, compared with 16 out of 17 in April. The recently-closed AH4R 2015-SFR1 (American Homes 4 Rent) and IH-2015 SFR2 (Invitation Homes) were added to the May 2015 report.
Read More »Single-Family Rental Transactions See Low Delinquencies, Improved Vacancies
Delinquencies remained low among 15 single-family rental securitizations for March, according to data reported by Morningstar Credit Ratings in a recent report titled "Single-Family Research: Performance Summary Covering All Morningstar Rated Securitizations."
Read More »Delinquencies Drop as Fannie Mae Book of Business Shrinks
Fannie Mae's book of business decreased at a compound annualized rate of 1.7 percent over the month of June, slower than the previous month's rate of 2.4 percent but continuing a streak of decreases that has persisted all year so far. Year-to-date, Fannie Mae's book of business has declined at a compound annualized rate of 2.2 percent.
Read More »Foreclosure and Shadow Inventory Both Decline in February
CoreLogic released its National Foreclosure Report for February, 2014, reporting 43,000 completed foreclosures for the month, a 13.1 percent decrease from January, 2014. Yearly, foreclosures declined 15 percent from February, 2013.
Read More »