The Federal Housing Finance Agency on Thursday released its third Enterprise Non-Performing Loan Sales Report, which lists all the sales of all non-performing loans from Freddie Mac and Fannie Mae to the private sector through December 31, 2016. The report tracks total loan sales, total number delinquent assents unloaded, and time of delinquency. It also strives to track borrower outcomes and measure how many properties were foreclosed on, how many avoided foreclosure, and the difference between homes that were sold to third parties and benchmark NPLs.
Read More »Delinquencies Drop in First Quarter
A recent survey shows improved performances for mortgage performance for 1-4 family properties. Foreclosures in process fell as well. But new foreclosure starts picked up for the first time since 2014
Read More »Foreclosures Down, Except in 3 States
A new report shows foreclosure filings are down 23 percent since last year, hitting their lowest point since November 2005. Foreclosure starts and completions are also down over the year, though repeat foreclosures have seen an increase. The only places to see jumps in foreclosure activity were New Jersey, Connecticut, Massachusetts, and D.C.
Read More »Delinquencies, Foreclosures Fall Over Year
According to a new report, 30-day delinquencies, 90-day delinquencies, and foreclosure inventory are down over the year. “Early-stage” delinquencies were slightly up, however, rising from 2.08 percent to 2.14 percent. Louisiana saw the most delinquent mortgages for the month.
Read More »A Drop in Foreclosure Activity
Across the country, reports have come in showing decreases in foreclosure activity. In the New York City area, Property Shark reports foreclosures have dropped 15 percent year-over-year in Q1 2017. Most areas of the city note drops in foreclosure activity, except for Brooklyn. Brooklyn was the only borough of New York City to report an increase in foreclosures, increasing 24 percent over 2016.
Read More »Black Knight Financial Releases Latest Foreclosure Findings
The report found that the U.S. loan delinquency rate is on the decline and foreclosure starts are over 70,000.
Read More »The Cost of Fighting Community Blight
A new white paper examines what steps property owners and policymakers can take to prevent the unwanted effects of vacant and abandoned properties.
Read More »Price Appreciation—Good for Driving Down Defaults
Home price appreciation has been steady every year since prices bottomed out in 2012. While some analysts may point out that this has hurt affordability, since wage growth has largely not kept up, at least one pointed out a positive result of rising prices.
Read More »Decline? The Delinquency Rate is ‘Simply Normalizing’
The percentage of 30-day delinquent residential mortgages has been dropping, but the rate of decline is beginning to slow, according to one analysis.
Read More »The Week Ahead: The Falling National Foreclosure Rate
The industry will be watching to see how much further the national foreclosure inventory rate will decline in the latest report from CoreLogic coming out this week.
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