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Tag Archives: Foreclosure

Foreclosure Inventory Drops by One-Third, Still Elevated

Short Sales

Foreclosure inventory in January was down by one-third over the year, although completed foreclosures ticked up over the month, according to CoreLogic’s National Foreclosure Report released Thursday. Demonstrating an 11.8 percent increase over the month, completed foreclosures totaled 48,000 in January.

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Institutional Investor Sales Decline

RealtyTrac released its January 2014 Residential & Foreclosure Sales Report on Thursday, revealing institutional investors made up 5.2 percent of all U.S. residential property sales in January. Institutional investor sales are down from 7.9 percent in December, and down 8.2 percent from January, 2013.

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Delinquency Rates Drop to Lowest Since 2008

The Mortgage Bankers Association (MBA) released its National Delinquency Survey Thursday, reporting the seasonally adjusted rate for delinquent mortgages is 6.39 percent, the lowest level since 2008. The figure represents mortgage loans for 1 to 4 unit residential properties, and takes into account all loans outstanding at the end of the fourth quarter of 2013.

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HOPE NOW Completes 768,000 Modifications

HOPE NOW, a voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, released a press release Thursday outlining its loan modification data from 2013. In total, 768,000 homeowners received loan modifications from HOPE NOW in 2013.

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Foreclosure Rate Down to 2.5% at Year-End

According to year-end data from Black Knight Financial Services, 6.47 percent of the nation’s mortgages last year were delinquent, down from a peak of 10.57 percent in January 2010. Meanwhile, about 2.48 percent of loans were in some state of foreclosure—a rate about 4.6 times the pre-crisis average.

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Foreclosure Inventory Down 31% in 2013, Slow Progress Expected in 2014

National foreclosure inventory fell 31 percent year-over-year in December, with 2.1 percent of all homes with a mortgage in some stage of foreclosure, according to CoreLogic's December National Foreclosure Report. Completed foreclosures also declined year-over-year in December, though at a somewhat lower rate of 14 percent. "Clearly, 2013 was a transitional year for residential property in the United States," said Anand Nallathambi, president and CEO of CoreLogic.

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Delinquencies Down Nearly 10% in 2013

Delinquencies picked up slightly in December, according to early data released by Black Knight Financial Services (BKFS)--but overall trends indicate 2013 was a year of improvement. As of month-end, BKFS puts the total U.S. loan delinquency rate at 6.47 percent, an increase of 0.26 percent from November. The figure includes loans that are 30 or more days overdue but not in foreclosure. On an annual basis, however, delinquency was down 9.85 percent in 2013.

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