Tag Archives: Foreclosure

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.

The Data and Analytics division of Black Knight Financial Services issued their "First Look" at January mortgage performance data, noting foreclosure inventory has hit a new post-crisis low. The percentage of foreclosures from the inventory of loans, 2.35 percent, is the lowest since November, 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.

Auction.com and the National Association of Hispanic Real Estate Professionals (NAHREP) are joining forces to advance sustainable Hispanic homeownership. Hispanic homebuyers are the largest segment of new homebuyers nationwide.

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.

Pro Teck Valuation Services released on Tuesday January's Home Value Forecast (HVF), a measure of single family residential markets. The company ranked Long Island as the strongest market in the nation, citing its small share of foreclosures as total sales and its comparatively low housing inventory.

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.

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.

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.

An estimated 44,000 homeowners received permanent loan modifications from mortgage servicers during the month of November under both proprietary servicer programs and the government’s Home Affordable Modification Program (HAMP), HOPE NOW reports. While that total represents a 12 percent decrease from the 50,000 loan mods completed in October, the most recent data show a steeper 20 percent decline in foreclosure sales and a 17 percent decline in foreclosure starts between October and November.