Eric Fox, Chief Economist at Veros, commented, “This decrease to an average depreciation of -0.5% over the next 12 months is the first time in over a decade that Veros’ average house price forecast has gone negative."
Read More »Q1 Home Price Increases Putting Homeownership Beyond the Reach of Many
According to the National Association of Realtors' latest quarterly report, Q1 of 2022 found more markets reaching double-digit annual price gains than the previous quarter. Meanwhile, approximately 70% of 185 measured metros experienced such price gains – up from 66% in ...
Read More »Foreclosures Rise in Q3 Despite Falling to Eight-Year Low in September
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, inched upward nationwide in Q3 despite dropping to their lowest level in eight years, according to RealtyTrac's Q3 2014 U.S. Foreclosure Market Report released on Thursday.
Read More »OCC: Mortgage Performance Up, Foreclosures Down
The Office of the Comptroller of the Currency (OCC) reported that 92.9 percent of mortgages nationwide were performing as of the end of June, according to the OCC Mortgage Metrics Report, Second Quarter 2014. The number of performing mortgages increased slightly from Q2 2013, when 90.6 percent of mortgages were reported as performing.
Read More »Flipped Home Sales Down in Q2
Nationwide sales of flipped homes dropped both quarter-over-quarter and year-over year in the second quarter of 2014, according to the Q2 2014 U.S. Home Flipping Report released by RealtyTrac on August 22.
Read More »Delinquency Rate Falls for 10th Straight Quarter
The national mortgage delinquency rate declined for the 10th consecutive quarter in Q2 2014 and is at its lowest level since 2008, according to TransUnion's quarterly mortgage report. The rate of U.S. mortgage delinquencies, defined as those in which the borrower is more than 60 days delinquent on the mortgage account, fell from 3.61 percent in Q1 to 3.46 percent for Q2 (a change of 4.2 percent).
Read More »Florida Based Services Firm Reports Q2 Net Loss
Walter Investment Management Corp., a Tampa, Florida-based services business that offers solutions to owners of subprime and other asset-light mortgage platforms, announced in its quarterly financial report released on August 11 that the company experienced a GAAP net loss of $12.9 million for Q2 2014.
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