Foreclosure starts reached their highest level in a year in January, but foreclosure completions are falling faster than the seriously delinquent loan rate – resulting in an across the board increase in foreclosure pipeline ratios, according to Black Knight Financial Services' January 2015 Mortgage Monitor released Monday.
Read More »Foreclosure Inventory Down Despite Rise in Starts
Foreclosure inventory was way down nationwide year-over-year in January despite a 5.5 percent month-over-month increase in foreclosure starts, according to Black Knight Financial Services' First Look at January Mortgage Data. Foreclosure starts totaled 94,300 for January, which was the highest number since December 2013. January's total was a 5.5 percent increase from December and a slight increase of 0.2 percent from January 2014.
Read More »Delinquency Rate Tumbles in December, Reversing November’s Large Increase
Just one month after experiencing the largest monthly increase in six years, the nation's mortgage delinquency rate took a big tumble in December, according to Black Knight Financial Services' December 2014 "First Look" at Mortgage Data released Friday. The mortgage delinquency rate, or the number of mortgage loans that are 30 days or more past due but not in foreclosure, dropped down to 5.6 percent for December – a decline of 7.2 percent from November and 12.7 percent from December 2013.
Read More »Foreclosure Completions, Starts on GSE Loans Continue Steady Decline
Both foreclosure completions and foreclosure starts on Fannie Mae and Freddie Mac loans continued their steady decline in the third quarter, according to the Federal Housing Finance Agency (FHFA)'s Q3 Foreclosure Prevention Report released Monday. The GSEs completed 39,100 foreclosures in Q3, down 9 percent from the 43,000 that were completed in Q2, according to the report.
Read More »Foreclosure Filings Decline in November Despite Increase in Starts
The number of residential foreclosure filings in the U.S. declined by 9 percent from October to November despite a yearly spike in the number of foreclosure starts (scheduled auctions), according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released Thursday.
Read More »Foreclosure Campaign Gets Underway in Wayne County, Michigan
Wayne County, Michigan, has begun to execute the plan county officials announced in mid-October to start tax foreclosure proceedings on approximately 75,000 distressed properties for which the owners are three years or more delinquent on property taxes.
Read More »Mortgage Delinquency Rate Tumbles to Seven-Year Low in October
The nationwide mortgage delinquency rate in October fell to its lowest level in seven years, according to Black Knight Financial Services' "First Look" at October 2014 Mortgage Data released on Friday.
Read More »Repeat Foreclosure Percentage Increases to Tie All-Time High
The percentage of September's foreclosure starts that were repeat foreclosures rose by two percentage points month-over-month to account for 53 percent of foreclosure starts, tying the highest percentage for a single month, according to Black Knight Financial Services' September 2014 Mortgage Monitor.
Read More »Michigan County Launches Aggressive Foreclosure Campaign
Wayne County, Michigan, is launching an aggressive campaign to begin foreclosure proceedings on 75,000 residential properties whose owners are three years or more behind on paying property taxes.
Read More »Colorado Housing Rates ‘Better Off’ in 33 of 35 Counties
According to RealtyTrac's 2014 Election Housing Market Scorecard released on Tuesday, 33 out of 35 counties in Colorado with sufficient housing data to score ranked in the "better off" category, meaning that the housing market in those counties is better off than it was two years ago.
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