The delinquency rate on residential mortgage loans backed by Fannie Mae declined across the board in 2014 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae's recently released annual report.
Read More »Foreclosures Continue Steady Nationwide Decline in December
Foreclosures in the United States have been steadily declining for months nearly every way the numbers are broken down, and December was no exception, according to CoreLogic's December 2014 National Foreclosure Report released Tuesday. Foreclosure inventory nationwide dropped in December down to 552,000 from 840,000 in December 2013, a decline of 34.3 percent. As of the end of December 2014, approximately 1.4 percent of all homes with a mortgage were in some state of foreclosure – a decline from 2.1 percent from the previous December. The current foreclosure rate of 1.4 percent is the lowest level since March 2008.
Read More »Declining Default Rate Leaves Room to Loosen Underwriting Standards, Economist Says
The pristine performance of mortgage loans in the U.S. with a vintage of 2009 or later is an indicator that underwriting standards could be loosened, according to CoreLogic senior economist Molly Boesel in an analysis entitled "What's an Acceptable Level of Mortgage Default?" published in CoreLogic's December 2014 edition of The MarketPulse.
Read More »Michigan Sees Surge in 12-Month Sum of Completed Foreclosures
The number of completed foreclosures in Michigan took a huge turn upward for the 12-month period ending October 31, jumping 55 percent from the 12-month total ending on September 30, according to to CoreLogic's October 2014 National Foreclosure Report released on Thursday.
Read More »Fannie Mae Portfolio Declines Again In October
Fannie Mae's gross mortgage portfolio declined for the 51st time in the last 52 months in October, according to the mortgage giant's October 2014 Monthly Summary released recently.
Read More »Serious Delinquencies Decline by 21 Percent in September
The number of seriously delinquent mortgage loans, which are those that are more than 90 days past due or in foreclosure, dropped nationwide by 21 percent year-over-year in September, according to CoreLogic's September 2014 National Foreclosure Report released on Wednesday.
Read More »Foreclosures Down, But Delinquencies Up In August
Nationwide foreclosures are down both monthly and annually, but mortgage loan delinquencies are up month-over-month in August, according to the Black Knight Financial Services Mortgage Monitor released earlier in the week.
Read More »Freddie Mac’s Serious Delinquency Rate Dips Below 2 Percent
Freddie Mac followed the lead of its sister government-sponsored enterprise, Fannie Mae, and reported a serious delinquency rate of less than 2 percent for August in its recently-released August 2014 Monthly Summary.
Read More »Five States Account for Nearly Half of Completed Foreclosures in Last 12 Months
Five states accounted for almost half of all completed foreclosures nationwide in the 12-month period ending in August 2014, according to CoreLogic's August National Foreclosure Report released on Thursday.
Read More »Foreclosure Inventory Plummets Year-Over-Year in August
August saw a 32.8 percent decline in foreclosure inventory from August 2013, marking the 34th consecutive month with a year-over-year decrease, according to data released by CoreLogic on Thursday.
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