LOS ANGELES – The end of a popular government stimulus program drove home sales in July to their lowest levels in more than a decade, fueling fresh concerns about the economic recovery. Home sales.
February’s foreclosure inventory fell to lowest rate since 1999. Ginnie Mae MBS issuance returns to year-ago levels. Leave a Reply Cancel reply. Your email address will not be published. Required fields are marked * Comment. Name * Email * Website.
Putin pins housing hopes on mortgage factory modeled on U.S. Vladimir Putin is taking a page from the U.S. housing market to boost homeownership. Call it Russia’s Fannie Mae. The government last year set up a so-called mortgage factory to help lenders bundle home loans with state backing in a one-stop shop.
February’s foreclosure register fell to lowest rate given 1999 May 14, 2019 RSS FEED No comments Strong levels of practice and continued mercantile enlargement gathering February’s debt delinquencies and foreclosures to 20-year lows, according to CoreLogic’s Loan performance insights report.
The foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, hit 0.7% in July. This is down from 0.9% last year, and the lowest since July 2007.
The inventory of existing homes for sale fell 4.9 percent to 1.74 million, the lowest level since December 1999. At the reported sales pace, that represents a 4.2 month supply of homes for sale.
Foreclosures at lowest rate since February 2008. The inventory of "seriously delinquent" loans – those 90 or more days past due – declined by 25,000 on the month to 1,118,000 in September reaching its lowest point august 2008, and number of properties in foreclosure of 30 days or more fell 137,000 to 3,771,000.
One Nomura trader convicted, one cleared at bond fraud trial MiMutual Mortgage taps LendingQB for lending platform Three former Nomura bond traders have been indicted for RMBS related fraud. A federal grand jury in New Haven has returned a 10-count indictment charging three former New york-based bond traders for Nomura Securities International with RMBS related fraud.
Foreclosures Continue to Decrease, Delinquencies Flat. The percentage of loans in the foreclosure process at the end of the first quarter was 1.74 percent, down three basis points from the previous quarter and 48 basis points lower than one year ago. This was the lowest foreclosure inventory rate seen since the third quarter of 2007.
Foreclosure Basics. February’s Foreclosure Inventory Fell to Lowest Rate since 1999 (National Mortgage News, May 14, 2019) E. Top Markets with Highest Share of Distressed Sales in Q1 2019 (ATTOM Data Solutions, May 3, 2019) Foreclosure Crisis Still Impacts Black and Hispanic Communities (Realty Biz News, May 1, 2019)
FinLocker makes moves to support loan data management FinLocker is a secure financial data and analytics platform that eases the pains of the mortgage process for both lenders and consumers. FinLocker enables access to consumer financial data electronically, and applies business rules and other algorithms to verify and analyze employment, income, assets, credit, taxes and other information.
MBA: Foreclosure Inventory Rate at 12-Year Low. Nonetheless, the mortgage delinquency levels were down from the previous quarter across all loan types, and the percentage of loans in the foreclosure process at the end of the first quarter fell to 1.16 percent, down three basis points from the fourth quarter and 23 basis points lower than a year ago.