Aged Foreclosure Population Sees Significant Improvement

Aged foreclosure inventory, which is comprised of residential mortgage loans in active foreclosure that are at least two years delinquent, has seen significant improvement in the last seven months, according to Black Knight Financial Services' May 2015 Mortgage Monitor released Monday. Black Knight examined approximately 468,000 active foreclosures at least two years delinquent and discovered … Continue reading Aged Foreclosure Population Sees Significant Improvement

Completed Foreclosures Decline But Remain At Double Pre-Recession Levels

While completed foreclosures on residential homes totaled 40,000 for April and have been steadily falling monthly for the last four years, they are still nearly double their pre-recession average per month, according to CoreLogic's April 2015 National Foreclosure Report released Tuesday. Completed foreclosures, which are a measure of homes actually lost to foreclosure, declined by … Continue reading Completed Foreclosures Decline But Remain At Double Pre-Recession Levels

Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs

U.S. Representative Maxine Waters (D-California) has written a letter to Department of Housing and Urban Development (HUD) Secretary Julián Castro asking for relief and more transparency for seniors participating in HUD's Home Equity Conversion Program (HECM). At the center of the issue is the fate of surviving non-borrowing spouses upon the death of the last … Continue reading Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs

January existing home sales come in flat compared to December

2015 sales expected to pick up where 2014 left off By: Trey Garrison, Housingwire.com Auction.com projects that existing home sales for January will fall between seasonally adjusted annual rates 4.9-5.21 million annual sales, with a targeted number of 5.06 million. This suggests that January sales will be up from one year ago and essentially flat … Continue reading January existing home sales come in flat compared to December

Foreclosure Rate Falls to Lowest Level Since ’08

Author: Brian Honea January 14, 2015 About 1.5 percent of all homes with a mortgage in the United States were in some state of foreclosure in November 2014, the lowest foreclosure rate since March 2008, according to CoreLogic's November 2014  National Foreclosure Report released Wednesday. Foreclosure inventory, which includes homes in any state of foreclosure, plummeted … Continue reading Foreclosure Rate Falls to Lowest Level Since ’08

Report: Falling Negative Equity Rate Nearing Single Digits

Author: Tory Barringer January 8, 2015 0 The third quarter of 2014 saw more than a quarter of a million American homes return to positive equity, leaving about one in 10 still underwater, CoreLogic said in its Q3 2014 Equity Report released Thursday.According to the company's latest estimates, an additional 273,000 U.S. homes recovered to … Continue reading Report: Falling Negative Equity Rate Nearing Single Digits

Zillow: Mortgage rates stay far below 4%

Daily rate was volatile due to holiday Ben Lane December 30, 2014 6:10PM 30-year mortgage30-year, fixed-rate mortgageInterest ratesmortgage lendingZillowZillow Mortgage Marketplace The interest rate for a 30-year, fixed-rate mortgage fell last week, continuing a trend of sub-4% interest rates, according to a new report from Zillow (Z). Current rate borrowers were quoted an average interest rate of … Continue reading Zillow: Mortgage rates stay far below 4%

Foreclosures Falling, But Delinquency Rate Climbing

Author: Brian Honea December 30, 2014 The nation's foreclosure inventory fell to its lowest level in almost seven years in November, but the percentage of delinquent mortgage loans is on the rise, according to Black Knight Financial Services' November 2014 "First Look" at Mortgage Data. Delinquent mortgages, which are those more than 30 days overdue … Continue reading Foreclosures Falling, But Delinquency Rate Climbing

Millions of homeowners could refinance and save big

By Les Christie   @CNNMoney December 30, 2014: 5:26 PM ET NEW YORK (CNNMoney) Millions of homeowners could save big money -- and possibly their homes -- by refinancing to today's historically low rates. But most don't even apply. Nearly one in five homeowners who are behind on their mortgage payments have loans with interest … Continue reading Millions of homeowners could refinance and save big

Foreclosures Falling, But Delinquency Rate Climbing

The nation's foreclosure inventory fell to its lowest level in almost seven years in November, but the percentage of delinquent mortgage loans is on the rise, according to Black Knight Financial Services' November 2014 "First Look" at Mortgage Data. Delinquent mortgages, which are those more than 30 days overdue but not in foreclosure, jumped by … Continue reading Foreclosures Falling, But Delinquency Rate Climbing