DS News Webcast: Friday 9/27/2013

first_imgHome / Featured / DS News Webcast: Friday 9/27/2013 DS News Webcast: Friday 9/27/2013 2013-09-27 DSNews The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Media, Webcasts Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Commentary: Same Old, Same Old Next: Freddie Mac Reaches Repurchase Settlement with Citigroup September 27, 2013 598 Views Related Articles Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: DSNews Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Subscribelast_img read more

Fannie Mae’s Mortgage Portfolio Continues Rapid Contraction

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Fannie Mae Monthly Volume Summary Mortgage Portfolio Serious Delinquency Rate 2015-12-01 Brian Honea Share Save Subscribe Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Fannie Mae’s gross mortgage portfolio contracted for the seventh consecutive month in October and the eighth time in 10 months year-to-date in 2015, according to Fannie Mae’s October 2015 Monthly Volume Summary.The value of Fannie Mae’s gross mortgage portfolio declined by about $6.2 billion month-over-month, from $370.4 billion in September down to $364.2 billion in October, which calculated to a compound annualized rate of decline of 18.3 percent. The lowest rate of contraction for one month in 2015 was 13.8 percent reached in June. Overall, the portfolio has contracted at an annualized rate of 14.1 percent for the first 10 months of 2015.The gross mortgage portfolio expanded in January and March of 2015 at rates of 3.5 percent and 7.8 percent, respectively, but has contracted in every other month this year. The portfolio has expanded in only three months out of the last 64 since June 2010 (March 2015, January 2015, and December 2012). At the beginning of that stretch in June 2010, the portfolio’s value was $818 billion. At the start of 2015, the portfolio’s value was $414.8 billion.Despite the contraction of the gross mortgage portfolio, Fannie Mae’s Book of Business expanded at a compound annualized rate of 0.4 percent in October, the fourth time in 10 months this year it has expanded. The Book of Business has contracted at an average compound annualized rate of 0.7 percent for the first 10 months of 2015. At the end of October, the Book of Business was valued at $3.104 trillion after the expansion. The total value of Fannie Mae’s mortgage-backed securities and other guarantees for October was $2.823 trillion, an increase from September’s total of $2.818 trillion.The serious delinquency rate on single-family mortgage loans backed by Fannie Mae declined by one basis point down to 1.58 percent in October, still well below its pre-crisis level and less than half the national average reported by CoreLogic in September (3.4 percent). The serious delinquency rate on Fannie Mae-backed single-family mortgage loans has declined every quarter since Q1 2010.The number of loan modifications completed by Fannie Mae was down slightly over the month, from 7,064 in September down to 6,882 in October. Year-to-date as of the end of October, Fannie Mae has completed 81,995 loan mods, an average of 8,199 per month. Fannie Mae completed an average of 10,235 loan mods per month for the full year of 2014.Click here to see the full October 2015 Monthly Volume Summary for Fannie Mae. Previous: Third-Party Service Providers Progressing Despite Intense Regulatory Scrutiny Next: Xome CEO Kal Raman Resignscenter_img Tagged with: Fannie Mae Monthly Volume Summary Mortgage Portfolio Serious Delinquency Rate December 1, 2015 1,757 Views in Daily Dose, Featured, News, Secondary Market Fannie Mae’s Mortgage Portfolio Continues Rapid Contraction Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Fannie Mae’s Mortgage Portfolio Continues Rapid Contraction Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Sign up for DS News Daily Related Articleslast_img read more

DS News Webcast: Wednesday 6/1/2016

first_img 2016-06-01 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Home / Featured / DS News Webcast: Wednesday 6/1/2016 McCalla Raymer, LLC, which has been in business for 34 years and is based in Atlanta, and Pierce & Associates, PC, which has been in business for 41 years and is based in Chicago, have combined into one entity that will be known as McCalla Raymer Pierce, LLC. The new combined firm will have offices in Illinois, Georgia, Florida, Alabama and Mississippi.The combined firm will focus its practice in residential and commercial real estate services that include foreclosure, title curative, bankruptcy, eviction, commercial origination and workout transactions, complex litigation, title curative litigation, and REO and retail closing services. Both firms are a part of the Legal League 100, a Five Star Institute membership group created in 2007 made up of premier law firms working in financial services.U.S. Representative Jeb Hensarling, a Republican from Texas and Chairman of the House Financial Services Committee, plans to present his party’s alternative to Dodd-Frank during a speech at the Economic Club of New York on June 7. Hensarling recently told DS News that, quote, America needs a new vision—a new model for financial reform—because the Dodd-Frank Act is a failure. Close quote Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles About Author: Brian Honea  Print This Post DS News Webcast: Wednesday 6/1/2016 in Featured, Media, Webcasts Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Existing-Home Sales Defy Unfavorable Odds Next: Groups Call for Action on Housing Finance Reform The Week Ahead: Nearing the Forbearance Exit 2 days ago June 1, 2016 750 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Home Values in Sync

first_img Servicers Navigate the Post-Pandemic World 2 days ago November 14, 2017 1,346 Views Demand Propels Home Prices Upward 2 days ago Appraisal HPPI HVI opinion gap Quicken Loans study 2017-11-14 Staff Writer Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Tagged with: Appraisal HPPI HVI opinion gap Quicken Loans study The Best Markets For Residential Property Investors 2 days ago Related Articles  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago According to a Quicken Loans study published Tuesday, the gap between opinions of values from appraisers and homeowners continue to narrow. The study states that according to the Quicken Loans Home Price Perception Index (HPPI), actual appraisals were 0.99 percent lower than homeowners thought they would be. According to Quicken Loans, homeowners estimate that their home’s values rose by an average of 0.99 percent over the actual appraisal value. Quicken loans goes on to state that this finding marks the fifth consecutive month that the value opinions narrowed. Additionally, the study found that the HPPI is currently the closest it has been to equilibrium since April 2015. Overall, Quicken Loans found that the trend is for homes in Western cities to have an appraisal value that surpasses the homeowner’s estimate. Dallas is a particularly noteworthy example of this, as the study found that appraisals there were as much as 3.13 percent higher than expected. Although this is the case for the West, Quicken Loans found that the opposite is true for homes in the East and Midwest, where home values are more likely to be appraised below the homeowner’s estimate.“Based on the HPPI, it appears homeowners in the markets where prices are rising faster than the national average—like Denver, Seattle and San Francisco—are continuing to underestimate just how quickly home values are rising, so the average appraisal is higher than the homeowner estimate,” said Bill Banfield, Quicken Loans Executive Vice President of Capital Markets.Quicken Loans goes on to state that despite appraisers and homeowners still continuing to differ, that appraisal values continue to rise. For October 2017, home values are up by an average of 0.71 percent while they are up 4.76 percent compared to October 2016.This is where home value index, the measure of home value change based on appraisal data, comes in. The Quicken Loans study said that the HVI showed values increasing at a steady pace month-over-month while increasing at greater amounts yearly. The 0.71 percent jump from September to October along with a 4.76 percent year-over-year jump illustrates this. Previous: How Oil Prices Impact Mortgage Default Next: Mortgage Growth Experiences Rapid Recovery Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Home Values in Sync Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Home Values in Sync Subscribelast_img read more

Navigating Risk and Reward

first_imgHome / Daily Dose / Navigating Risk and Reward Sign up for DS News Daily Navigating Risk and Reward The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Gary Beasley Roofstock SFR Single Family Rental 2018-08-22 David Wharton Previous: The Housing Market Crash: A Retrospective Next: How a Fair Housing Amendment Moved Ahead David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago Gary Beasley is the CEO and Co-Founder of Roofstock, an online marketplace for buying and selling single-family rental homes. Beasley spent most of his career building businesses in the real estate, hospitality, and tech sectors. After earning his BA in economics from Northwestern, Beasley earned an MBA from Stanford, where he caught the entrepreneurial bug and still serves as a regular guest lecturer. Previously, Gary was instrumental in acquiring and integrating more than $800 million of resort properties for KSL Resorts, and spent five years as CFO of online brokerage pioneer ZipRealty, which he led through its successful IPO in 2004. Immediately before starting Roofstock, Beasley led one of the largest single-family rental platforms in the U.S. through its IPO as co-CEO of Starwood Waypoint Residential Trust, now part of Invitation Homes, the nation’s largest single-family rental company.Beasley spoke with DS News about the state of the single-family rental sector in 2018, what anyone looking to get into SFR investment should know, and how rental is being affected by larger trends in the housing industry right now.DS // What advice would you have for anyone looking to enter the single-family rental investment space?The entry point now is quite good from a risk-return standpoint. When we started buying homes in 2009 or 2010, it was still pretty spotty. We didn’t know if prices were going to continue to fall. We were confident that the market would recover at some point, but it was unclear what the catalyst for that was going to be and it was unclear if we would be able to operate profitably.We were getting such good real estate deals back then that whether or not we could operate them profitably over time was of secondary concern. We were buying the homes knowing we were getting in at a very attractive basis that showed a very nice yield on paper and, at some point, the prices were going to go back up. We didn’t know if we could turn it into a business or not, but we knew it was a good trade.Today, it’s clear this is a good business. There’s enough operating history and the debt markets have matured, so it’s less risky. The absolute yields you can get are lower, but the risk is also much lower, so it’s a much more proven asset class. For the average investor coming in now, you’re not getting returns quite as high as you did buying in the depths of the cycle, but on a risk-adjusted basis, they’re quite good.DS // Do you think there are opportunities within the SFR investment space to address the widespread need for affordable housing?Yes, there are real opportunities for the single-family rental sector to fill the void of starter homes. People used to move out of their apartment and buy their first home. Due to price appreciation, many of those homes are now beyond their reach, and the new homes that are being built are typically move-up homes.There are many reasons for that. Land costs and impact fees make developers feel that they need to build larger, more expensive homes to amortize those fixed costs. The smaller starter homes are simply not being built as much, but that is still a need that exists. People have kids and want to move into a house, but they might not have the down payment. Or they might have student debt, which is at record levels. Maybe they don’t know how long they’re going to be in their current job, so they don’t want to sign up for a long-term mortgage and be tied to their real estate.The rental home is an opportunity for people to live the lifestyle of having a home but retain that flexibility, which is one of the reasons I like the business. We’re filling a need by creating good-quality, affordable housing and investing in that housing stock, which is important.DS // What are some of the lessons the industry should be taking away from the damaging natural disasters of the past year, ranging from hurricanes to wildfires?From an investment standpoint, it shows the value of diversification and being in lots of different markets. If you’re an individual investor and you have exposure to a market where there’s significant peril risk, make sure you’re appropriately insured.Some people chose not to be as insured as they probably should. There’s a reason that there’s an insurance market and that it’s priced the way that it is. Make sure you have the appropriate level of insurance because that is a lesson that is learned painfully by many people. Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img About Author: David Wharton The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Gary Beasley Roofstock SFR Single Family Rental in Daily Dose, Featured, Investment, Journal, News Demand Propels Home Prices Upward 2 days ago Related Articles August 22, 2018 1,783 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Tornadoes Destroy Homes, Communities in Ohio

first_imgHome / Daily Dose / Tornadoes Destroy Homes, Communities in Ohio Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tornadoes Destroy Homes, Communities in Ohio Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Homes natural disaster Ohio Demand Propels Home Prices Upward 2 days ago Previous: Exercising Caution in Property Preservation Next: Update in Case Regarding Alleged Price-Rigging of GSE Bonds Share Save Sign up for DS News Daily  Print This Post Related Articles Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Servicers Navigate the Post-Pandemic World 2 days ago Residents in Dayton, Ohio, have been left to pick up the pieces after three tornadoes caused widespread damage on Monday.It was reported by ABC News that more than 80,000 people—more than half of Dayton’s reported population—were left without power early Tuesday morning. The storm has caused one confirmed death. “I don’t know that any community that is fully prepared for this type of devastation,” Dayton Assistant Fire Chief Nicholas Hosford said Tuesday on ABC’s “Good Morning America.”ABC went on to report that there were 51 tornadoes across eight states on Monday—Idaho, Colorado, Nebraska, Iowa, Minnesota, Illinois, Indiana, and Ohio—and severe weather remains a threat through Wednesday.Ohio, and some of its larger metros, are no strangers to these storms.A Redfin report in April outlined the metros at most risk for a natural disaster, and three Ohio metros found their names on the list. Cleveland and Columbus, which is located 71 miles from Dayton, had a natural disaster ranking of 23. Cincinnati was close behind with a natural disaster ranking of 24. Cincinnati is located 54 miles from Dayton.According to the Redfin report, Columbus and Cleveland have experienced a combined 138 tornadoes. Cincinnati has 46 on record and Columbus’ 78 tornadoes were tied for second most on the list with Atlanta, Georgia, and Minneapolis, Minnesota.Those impacted by the storm also face the dangers of foreclosure. CoreLogic released a study in May that stated without proper insurance, many homeowners impacted by natural disasters such as tornadoes may be at increased risk of foreclosure. CoreLogic’s 2019 Insurance Coverage Adequacy Report reveals how underinsurance can leave an impact on the lending industry.“The disruption of a family’s regular flow of income and payments, as well as substantial loss in property value, can trigger mortgage default; especially if homeowners are underinsured and cannot afford to rebuild,” said Frank Nothaft, Chief Economist for CoreLogic.Disruption to income from natural disasters including wildfires, tornadoes, and hurricanes can lead to mortgage defaults, and CoreLogic notes that delinquency and foreclosures typically spike in an affected area following a disaster.“The financial impact of underinsurance touches everyone; this is especially true after a catastrophic event where widespread property damage can cost billions of dollars,” CoreLogic stated in the report.The Five Star Institute will host its Disaster Preparedness Symposium on July 31 in New Orleans, Louisiana. Natural disasters impact investors, service providers, mortgage servicers, government agencies, legal professionals, lenders, property preservation companies, and—most importantly—homeowners.The 2019 Five Star Disaster Preparedness Symposium will include critical conversations on response, reaction and assistance, to ensure the industry is ready to lend the proper support the next time a natural disaster strikes.  Homes natural disaster Ohio 2019-05-28 Mike Albanese The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Servicing Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago May 28, 2019 1,612 Views About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

The Disaster Delinquency Factor

first_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago CoreLogic’s latest Loan Performance Report found that 4% of mortgages in March 2019 were delinquent 30 days or more, which is just a 0.3% decline year-over-year and unchanged from February.The largest annual gains in serious delinquency rates came in metros heavily affected by hurricanes. Panama City, Florida, saw a 1.9% increase, and Albany, Georgia, had a 1% increase. CoreLogic states that 166 U.S. metro areas in March posted small increases in overall delinquency rates.”Delinquency rates and foreclosures continue to drop through March and should decline further in the months ahead barring any serious dislocations from recent flooding in the mid-west or a severe Atlantic hurricane and/or wildfire season on the coasts,” said Frank Martell, President and CEO of CoreLogic.The report also states the overall foreclosure inventory fell to 0.4% in March 2019, which is a 0.2% decrease year-over-year.Mortgages moving from current to 30-days past due was 0.9% in March 2019—a 0.2% increase year-over-year. The current to 30-day past due rate in January 2007 was 1.2% and peaked in November 2008 at 2%. Mortgages 60 to 90 days past due increased to 22.4% from 20.6% in March 2018. According to the report, the 30-plus delinquency rate is at a more than 10-year low.The 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is at an over 10-year low. The share of mortgages that transitioned from current to 30-days past due was 0.9% in March 2019, up from 0.7% in March 2018.No states reported increases in serious delinquency rates, which are mortgages more than 90 days past due. Three states—Minnesota, Montana, Nebraska and North Dakota—saw no changes in their serious delinquency rates.CoreLogic also reported that just 29 Core Based Statistical Areas (CBSA) had an increase in its serious delinquency rates. There were 32 CBSAs that saw no change in their serious delinquency rates. in Daily Dose, Featured, Foreclosure, News Sign up for DS News Daily  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles About Author: Mike Albanese Home / Daily Dose / The Disaster Delinquency Factor Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribecenter_img Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: CoreLogic Delinquency Rate Foreclosure Previous: Ginnie Mae Updates Its Outline for the Future Next: LoanLogics Hires Paul Vancheri as EVP Technology CoreLogic Delinquency Rate Foreclosure 2019-06-11 Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago June 11, 2019 1,995 Views The Best Markets For Residential Property Investors 2 days ago The Disaster Delinquency Factorlast_img read more

Financial Institutions Address Tornado Damage

first_img Financial Institutions Address Tornado Damage Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Sign up for DS News Daily The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Tennessee Department of Financial Institutions have issued a statement regarding the recent tornadoes in Tennessee.”[The agencies] recognize the serious impact of tornadoes in Tennessee on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision,” a release stated. “The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.”CoreLogic’s Tornado Path Map revealed that approximately 250 square miles were affected by the damaging effects of the tornadoes. The current estimate of damaged residential and commercial properties from the 50 mile-long Tennessee tornadic event, extending well beyond the Nashville metro area, is as shown in the table below. CoreLogic expects the total damage to property from this event to exceed $1 billion.AP News reports that much the storm tore through Nashville areas transformed by a recent building boom, including Germantown and East Nashville. There has been 16 deaths reported in Putnam County, three in Wilson County, two in Davidson County, which includes Nashville, and one in Benton County.According to the statement, financial institutions should work constructively with borrowers in communities affected by tornadoes in Tennessee.”Prudent efforts to adjust or alter terms on existing loans in affected areas should not be subject to examiner criticism,” the statement said. “In supervising institutions affected by tornadoes in Tennessee, the agencies will consider the unusual circumstances these institutions face. The agencies recognize that efforts to work with borrowers in communities under stress can be consistent with safe-and-sound practices as well as in the public interest.”Additionally, for investors, institutions should monitor municipal securities and loans affected by tornadoes in Tennessee. Appropriate monitoring and prudent efforts to stabilize such investments are encouraged. Previous: Mortgage Leaders Form COVID-19 Industry Task Force Next: Casting a Net for Cybersecurity The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Tagged with: Tennessee Tornadoes Servicers Navigate the Post-Pandemic World 2 days ago Related Articles in Daily Dose, Featured, Loss Mitigation, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago March 13, 2020 2,191 Views The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Financial Institutions Address Tornado Damage Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tennessee Tornadoes 2020-03-13 Seth Welborn Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn  Print This Postlast_img read more

Future Home Price and Rent Issues “Unlikely”

first_img Future Home Price and Rent Issues “Unlikely” Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Future Home Price and Rent Issues “Unlikely” The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Subscribe Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News Tagged with: Employment HOUSING Employment HOUSING 2020-06-08 Seth Welborn About Author: Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Related Articles The U.S. economy added 2.5 million jobs in May and the unemployment rate declined to 13.3% from the prior report’s 14.7%, according to the Bureau of Labor Statistics. With jobs on the upswing, Mike Swell, co-head of global fixed income portfolio management at Goldman Sachs Asset Management, says a housing crisis is unlikely. According to Swell, the residential housing market will be 100% correlated to the jobs market and adds that he expects the commercial real estate market to stabilize.In this Video Spotlight, Swell speaks with Bloomberg’s Tom Keene, Lisa Abramowicz and Jonathan Ferro on the job market’s relationship with the housing market. June 8, 2020 1,076 Views Previous: Delinquencies Jump by 90% Next: White Paper: COVID-19’s Long-Term Impact on Housing, Mortgage Industries Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days agolast_img read more

More Americans Struggling to Make Full House Payments

first_img About Author: Mike Albanese  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe More Americans Struggling to Make Full House Payments Related Articles July 8, 2020 1,513 Views Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / More Americans Struggling to Make Full House Payments Previous: Pandemic Policies and African American, Hispanic Borrowers Next: New CFO Named for Private Money Lender in Daily Dose, Featured, Foreclosure, News Servicers Navigate the Post-Pandemic World 2 days ago Thirty-two percent of Americans did not make a full, on-time housing payment is July, according to Apartment List. This is up slightly from 30% in June.The report added that missed payments are concentrated among renters, young and low-income households, and residents of dense urban areas.During the first week of July, 19% of Americans had made no housing payment, while an additional 13% paid just a portion of their monthly bill.However, of those that missed the payment in June, 89% said they paid that month’s bill as of the first week of July.The report added that 43% of households earning between $25,000 and $75,000 did not pay their full housing payment in July.Additionally, homeowners between the ages of 45-60 were found to miss the most payments at 22%. An additional 7% made a partial payment.Apartment List’s survey said the share of homeowners concerned about foreclosures rose from 14% to 17%.Black Knight’s latest report stated that with 4.1 million homeowners past due on their mortgage loans, the national delinquency rate is now 7.76%.Delinquencies jumped 20% and 1.3 percentage points higher in May, which Black Knight noted, “would have been the worst single month ever recorded if it weren’t for the 3.1 percentage point increase the month prior.”Today’s delinquency rate is up 4.5 percentage points from the 3.2% record low recorded back in January.While servicers have a major task now in assessing loans in forbearance, Black Knight said, “this will also provide an early look at roll rates of loans in active forbearance,” and the insight from this summer “can be used for downstream modeling on performance and the residual volume of loans in active forbearance in coming months.”The total number of loans that are either past due or in foreclosure is 4.3 million, up from 2.3 million at the end of March, according to Black Knight. However, the foreclosure rate is down by 5.8%. The Best Markets For Residential Property Investors 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosures late payments 2020-07-08 Mike Albanese The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreclosures late payments Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more