REO Inventory Rising Again

first_imgHome / Daily Dose / REO Inventory Rising Again The Best Markets For Residential Property Investors 2 days ago REO Inventory Rising Again in Daily Dose, Featured, Headlines, News, REO Related Articles The number of REO properties increased to 430,000 as of March 2014, according to a new blog post by CoreLogic’s Sam Khater. March’s figure reflects an increase of 15 percent from the low point of REO inventory in August 2013, when properties totaled 375,000.REO inventory rose across the nation in 46 states, with Idaho leading from a near doubling of their available inventory as REO. Maryland came in second, which saw a 78 percent increase, followed by Nevada (70 percent), Oregon (47 percent), and North Dakota (42 percent).”As lenders began to accelerate the foreclosure process in early 2012, investor demand for REO properties began to rapidly increase. Investor demand more than offset the acceleration of foreclosure resolutions and led to a rapid decline in the number of REO properties,” Khater said.He continued, “However, investor demand began to drop off last September partly in response the twin impact of rapid price increases and the rise in mortgage rates.”Furthermore, the “robo-signing” scandal in the fall of 2010 caused services to pushback foreclosure proceedings, increasing the timeline for a foreclosure to work its way through the entirety of the foreclosure process. After going public in September of that year, foreclosures immediately fell by one-third.The trend continued until 2011 and early 2012, when REO inventory numbers began rising again.”Not surprisingly, the rise in the number of REO inventory coincided with the National Mortgage Settlement, which was signed in February 2012 and provided more clarity and standards on foreclosure resolutions which led to the rise in REO properties,” Khater said.Khater concludes that while the current level is lower than during the peak of the financial crisis, the increase of REO properties signals a shift to a new phase of the housing market. CoreLogic Foreclosure REO 2014-05-19 Colin Robins Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. About Author: Colin Robins The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img May 19, 2014 984 Views Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: CoreLogic Foreclosure REO The Best Markets For Residential Property Investors 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Experts Undecided on Cause of Affordability Concerns Next: Small Banks Coping with Population Loss Sign up for DS News Daily last_img read more

Five Star President and CEO: Housing Microbubble Ahead

first_imgSubscribe Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, News, REO September 18, 2017 2,734 Views Five Star President and CEO: Housing Microbubble Ahead Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Federation of Certified REO Experts (FORCE) met Tuesday at the annual FORCE Rally within the 2017 Five Star Conference and Expo. Ed Delgado, Five Star President and CEO, spoke to the state of the industry, which he says is headed toward a microbubble.“The market is about to change and we need to be ready,” said Delgado. “REO is going to increase in 2018 as we see more fractures in the market—how much is determined by location and how big the fall off in price points will be.”According to Delgado, the real estate market is white hot while demand is still strong. These factors are driving price points, appreciation, and values way up. However, 5 to 10 percent spikes in appreciation along with price points that are overvalued by 15 to 20 percent aren’t a new observation—it’s something he witnessed in 2007 and 2008.“This is what we think will happen in the next year: Regional or microbubbles will start to burst—pay attention to Denver, Dallas, San Antonio, Las Vegas, Phoenix, Los Angeles, and San Francisco,” said Delgado. “Delinquency will rise and foreclosures will increase.”Additionally, after being devastated by Hurricanes Harvey and Irma respectively, Delgado said Houston has an understated delinquency population by as much as 300,000 while Florida homeowner insurance deductibles will create long-term hardships putting a greater financial strain on homeowners.Delgado also spoke at the American Mortgage Diversity Council (AMDC) meeting Monday, detailing that though the group is working toward a better mortgage industry, there is still more work to be done.In 2016, Judy Dominguez of Cherry Creek Mortgage, a residential lender based out of Greenwood, Colorado, had her spousal health insurance revoked and was saddled with about $40,000 in medical bills after her wife had a heart attack. Though they have a recognized marriage, the bank cited the decision to revoke as recognizing marriage as a union between a man and a woman.“Every once in a while when discussing the AMDC I’ll have a well-meaning executive ask ‘what’s the point’,” said Delgado. “Ensuring that stories like this don’t happen again is the point.”Delgado said that discussions are important and should be had, but anyone can pull professionals together so they can say the right things and feel good about themselves. Once the steps are defined, they must be walked out.“It is up to each of us to pursue the change that we want to see with passion,” Delgado said. “The stakes are simply too high for us to give anything but our best.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: AMDC Diverstiy FORCE Housing Bubble Inclusion About Author: Brianna Gilpin Sign up for DS News Daily Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago UPDATE: Though the company believes it was at all times acting within its legal and business rights, Cherry Creek Mortgage issued the following statement on August 24, 2017:”Cherry Creek Mortgage has taken this as an opportunity to reevaluate and change its health care policy. Going forward, it will cover same sex spouses in its health plan effective immediately. The company believes it is consistent with its values, and in the best interest of its employees and community.” AMDC Diverstiy FORCE Housing Bubble Inclusion 2017-09-18 Brianna Gilpin The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Five Star President and CEO: Housing Microbubble Ahead Previous: REO Update: RES.NET Launches Asset Strategy Tools Next: Five Star President and CEO: Not One Voice, Collective Voices Sharing a Common Vision Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] last_img read more

The Week Ahead: What’s on the Horizon for Existing Home Sales?

first_img Previous: Housing Bubble 2.0? Next: MGIC Investment Corporation Releases Monthly Operating Statistics  Print This Post Sign up for DS News Daily in Daily Dose, Featured, News December 17, 2017 1,545 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago The Week Ahead: What’s on the Horizon for Existing Home Sales? Home / Daily Dose / The Week Ahead: What’s on the Horizon for Existing Home Sales? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Tagged with: Consumer Sentiment FHFA House Price Index MBA NAHB NAR Consumer Sentiment FHFA House Price Index MBA NAHB NAR 2017-12-17 Staff Writer Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The National Association of Realtors (NAR) will release its monthly Existing Home Sales data for November on Wednesday, December 20, 2017. The previous edition of the data giving statistics for the month of October revealed that existing-home sales increased in October to their strongest pace since earlier this summer, but continued supply shortages led to fewer closings on an annual basis for the second straight month. The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.Here’s what else is in store in The Week Ahead:NAHB Housing Market Index, Monday, 10 a.m. ESTMBA Mortgage Applications Wednesday, 7 a.m. ESTFHFA House Price Index, Thursday 9 a.m. ESTFreddie Mac Mortgage Market Survey, ThursdayUniversity of Michigan’s Consumer Survey Center: Consumer Sentiment,  Friday, 10 a.m. EST Demand Propels Home Prices Upward 2 days ago Share Savelast_img read more

Credit Scores and Loan Prepayment Speed

first_imgHome / Daily Dose / Credit Scores and Loan Prepayment Speed in Daily Dose, Featured, News, Servicing Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The value of residential mortgage servicing rights (MSRs) rose in July due to an increase in rates and lower expectations with respect to prepays, according to MountainView Financial Solutions. During a recent webinar giving the monthly snapshot of MSR performance in July, Mike Riley, Managing Director, Analytics at Mountainview said that an increase of 9-10 basis points in rates had led to an impact on mortgages especially in terms of value change attribution.The webinar gave insights on managing, valuing, acquiring and selling residential MSRs and discussed the interest rate environment, MSR risk management, MSR pricing levels and MSR market activity in July. Speaking on the pricing of MSRs, Mark Garland, Managing Director, Analytics, MountainView Financial Solutions said that the company was seeing a strong impact by state on new product pricing in relation to escrows. “We are seeing different levels of interest on escrows, different incidents of loans escrowed versus those waived, and a difference in escrow cushions across states,” Garland said.Depending upon projected balances by mortgage bankers who account for escrow custodial float, float rates, and interest on escrow rates, the impact on MSR values relative to escrows was between seven and 17 basis points in July.Speaking on the correlation between prepayment speeds and low FICO products Garland said that MountainView found that the prepayment times for low-FICO conventional and low-FICO government products were similar. “We took a wide array of products to see what a conventional product prepayment looks like across different FICO bands and compared that with low-FICO government products in similar bands,” Garland said. “We saw that there was really no significant difference in prepayment speeds.” When looking at the conventional mortgage products with primary rates between 4.25 percent and 4.49 percent, the study found that in July, prepayments for FICO scores ranging between 660-679, 680-710, and more than 720 were about the same at a little over 10 percent. When the rates rose slightly to 4.5 percent and 4.74 percent, the prepayment speed for FICO scores in the range of 660 and 679 rose to around 14 percent. However, the prepayment speeds for mortgages with FICO scores ranging between 680 and 710, and more than 720 remained at a little over 12 percent.The study found a similar correlation between FICO scores and prepayment of government mortgage loans.At a mortgage rate of 4 percent and 4.24 percent, it revealed that prepayment speeds of borrowers with FICO scores ranging between 620 and 639, and 640 and 659 were a little over 14 percent. For borrowers with scores of 660-679 and 680-710, the prepayment speed was a little over 12 percent.However, when mortgage rates increased to between 4.25 percent and 4.49 percent, the prepayment speed for borrowers with scores of 620-639, 640-659, and 660-679 were uniform at a little over 16 percent. However, the prepayment speed for those with scores in the range of 680-710 remained at 14 percent. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago August 9, 2018 3,889 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Conventional Credit Scores FICO Government loans mortgage Mortgage Rates Mountain View Financial Solutions MSRs Prepayment 2018-08-09 Radhika Ojha Tagged with: Conventional Credit Scores FICO Government loans mortgage Mortgage Rates Mountain View Financial Solutions MSRs Prepayment Demand Propels Home Prices Upward 2 days ago About Author: Radhika Ojha Sign up for DS News Daily Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Mr. Cooper Finalizes Merger, Emerges Nominal Champion Next: Appraisers Not Required to Fill Form 1004MC, Says Fannie Credit Scores and Loan Prepayment Speedlast_img read more

Ginnie Mae Outstanding MBS Steady at $2T Threshold

first_img February 13, 2019 1,274 Views in Daily Dose, Featured, News, Servicing Tagged with: Ginnie Mae Ginnie Mae I MBS Ginnie Mae II MBS MBS The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Ginnie Mae Outstanding MBS Steady at $2T Threshold Demand Propels Home Prices Upward 2 days ago Share Save Subscribe Ginnie Mae Outstanding MBS Steady at $2T Threshold Ginnie Mae on Wednesday announced that issuance of its mortgage-backed securities (MBS) totaled $29.930 billion in January. A breakdown of its January issuance includes $28.661 billion of Ginnie Mae II MBS and $1.269 billion of Ginnie Mae I MBS, which includes $1.066 billion of loans for multifamily housing. A total outstanding principal balance of $2.053 trillion is an increase from $1.924 trillion in January 2018. In its previous report, Ginnie Mae MBS totaled $30.291 billion in December 2018 with the breakdown comprising 28.166 billion of Ginnie Mae II MBS and $2.125 billion of Ginnie Mae I MBS, which includes $1.977 billion of loans for multifamily housing. The past total outstanding principal balance of $2.042 trillion reflected an increase from $1.913 trillion in December 2017. As reported in an article by The Wall Street Journal in January 2019, Ginnie Mae had expressed concerned about risks from nonbank lenders, whose share of home loans has ballooned since the financial crisis. The agency, for the first time in years, demanded that lenders improve their financial metrics before receiving full approval to continue issuing mortgage bonds backed by them. According to the publication, the agency also conducted stress tests of business partners, to check on their monthly cash-flow obligations under reduced loan production and increased delinquencies.The article pointed out that thirty-four percent of securities issued by Ginnie Mae were serviced by nonbank lenders in 2014—the share of which has now increased to 61 percent. Two main reasons—a cooling housing market and mortgage refinancing falling to its lowest level in 18 years—have raised concerns about nonbank lenders’ ability to meet their financial obligations. It also noted that a failure on the part of these servicers, and losses thereafter could end up becoming a burden on the taxpayer.Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. These include single-family, multifamily, manufactured home and project construction loans. Ginnie Mae II MBS are modified pass-through mortgage-backed securities for which registered holders receive an aggregate principal and interest payment from a central paying agent. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Ginnie Mae Ginnie Mae I MBS Ginnie Mae II MBS MBS 2019-02-13 Donna Joseph  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Why Half a Million Americans Are Homeless Next: FHFA: 30 Years of Protecting Homeowners The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Donna Joseph Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Reinventing Policy for Affordable Housing

first_img The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Reinventing Policy for Affordable Housing Home / Daily Dose / Reinventing Policy for Affordable Housing Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordability HOUSING Policy Sales About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Affordability HOUSING Policy Sales 2019-10-09 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. October 9, 2019 3,383 Views Previous: Industry Reacts to Volcker Rule Revision Next: Investors Feeling Bullish on Millennial Homebuyers  Print This Post As rents rise and affordable housing inventory drops, Vincent Reina, author of a brief by the Wharton Public Policy Initiative, discussed housing policy and its impact on affordability with Wharton. Reina outlined the key points surrounding affordable housing policy.“The more people are spending on housing, the less money they have to spend on all the other things that we require to live and be successful in life,” said Reina.“A staggering statistic that falls within this is, as of 2017, 88% of households with a household income less than $20,000 are housing-cost burdened,” he adds. “That means our lowest-income households are disproportionately spending a large share of their income on just housing alone. In any given month, they’re left with very little money for everything else.”Reina also discussed how in some areas, including New York, San Francisco, Los Angeles., and Seattle, price appreciation is creating further burdens on homeowners and potential homeowners. In his paper, titled “Why the U.S. Needs a New Vision for Affordable Housing,” Reina suggests changes to zoning in these areas, as stringent land use regulations are highly correlated with higher housing prices.“Recent attempts by Governor Newsom in California to take more punitive measures and attach adjustments to local zoning and housing production to other forms of funding, such as transportation funding, represents another model, that can be even more effective if done at a federal level,” Reina said in his paper. “Changes to zoning cannot be viewed as a silver bullet, however, because of inevitable local “Not In My Backyard” tactics, but they are a prerequisite for any viable housing solution.”Reina also suggests retrofitting existing housing stock, with the intention to reduce long-term housing costs including repairs and utility costs.“Retrofits can help prevent housing units from falling into disrepair, reduce utility cost burdens, and garner a decent return on investment,” Reina says. “Policymakers could explore the development of financing programs that promote retrofits in exchange for a commitment from owners to maintain their unit(s) at an affordable rent.”Read Reina’s complete paper here. Subscribelast_img read more

How Prepared Are Homeowners for Natural DIsasters?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Commentary from the Harvard Business Review says the growing threat of fires, floods, droughts, and climate change could change how homes are built in the very near future.A study by the National Bureau of Economic Research found that mortgage written on homes in “exposed locations” are being shed by banks and absorbed by Fannie Mae and Freddie Mac. “This implies that homeowners and investors have been making location decisions without properly pricing the cost of potential peril, and that the government has been enabling the oversight,” the Harvard Business Review states. “Some are even warning that this market failure could lead to a repeat of the 2008 financial crisis, which was also triggered by bad mortgages.”The report continues by saying no private insurance companies retain residential flood risk in Florida, Virginia, and other coastal markets due to sea levels, and programs such as the National Flood Insurance Program keeps residents insured. There is also a lack of restrictions on where one can build and what cane be built. “A society that prides itself on free will and self-determination is loath to say what a property owner can and cannot build on their own land as long as it meets rudimentary building and zoning codes: So more and more people move into harm’s way in flood plains, low-lying coastal areas, and tinder dry western landscapes,” the report states. There is also a growing concern around climate change, as survey from ValuePenguin found that nearly 81% of people say they worry about climate change, and two-thirds of people don’t think enough is being done to combat its effects. While more than half of the respondents who worry about climate change are homeowners, up to 47% of all homeowners in the survey weren’t confident they have enough insurance to protect their property from a climate-induced natural disaster. Also, almost 42% of homeowners wouldn’t pay more to insure their homes due to climate change. Just 18% would pay an $500 or more annually to insure their homes against natural disasters.  Home / Daily Dose / How Prepared Are Homeowners for Natural DIsasters? in Daily Dose, Featured, Loss Mitigation, News October 18, 2019 1,417 Views Demand Propels Home Prices Upward 2 days ago  Print This Post Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago How Prepared Are Homeowners for Natural DIsasters? The Best Markets For Residential Property Investors 2 days ago About Author: Mike Albanese Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago 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. The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Tagged with: climate change Housing Market 2019 Natural Disasters Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Housing’s Impact on Economic Growth Next: HUD’s Carson: Opportunity Zones Helping Foster Partnerships climate change Housing Market 2019 Natural Disasters 2019-10-18 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Fed Discusses Market Health

first_imgSign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe This week, the Federal Open Market Committee will release the minutes of its last meeting. During the committee’s October 4 meeting, it was announced that the Board of Governors of the Federal Reserve System voted unanimously to lower the interest rate paid on required and excess reserve balances to 1.55 percent, effective October 31, 2019. The FOMC cited strong labor, as employment rose by 128,000 in October according to the latest Employment Situation Summary.Fannie Mae Chief Economist Doug Duncan notes that this number accounts for net losses of 42,000 for motor vehicles and parts manufacturing, and what this means for the Fed’s rate decision.“The average workweek held steady, and average hourly earnings growth was unchanged at 3.0% year over year, which should offset concerns of weakening personal income growth,” Duncan said. “In the household survey, the unemployment rate ticked up one-tenth this month but remains at historically low levels, and labor force participation increased as well, indicating workers are continuing to return from the sidelines. Based on this report, the Fed should be comfortable with its tone at the recent FOMC meeting in which it implied a more muted appetite for future rate cuts.”With the increased number of jobs comes an increased volume of residential construction workers, notes First American Deputy Chief Economist Odeta Kushi. The solid jobs report is a good reflection of strength in the housing market.“More hammers means more homes, so October’s month-over-month gain of 2,900 residential construction jobs signals an increase in new home construction may be on the horizon, which would benefit home buyers and the housing market,” Kushi said in a statement. “Since the recession, housing starts per construction worker (construction productivity) has improved, but seems to have settled just above 1.4 housing starts per worker. The rise in construction jobs is good news for the housing market, as finding ways to increase the productivity of construction workers is critically important to alleviating the labor shortage challenge and the gap between household formation and home building.”Here’s what else is happening in The Week Ahead:NAHB/Wells Fargo Housing Market Index (November 18)Housing Starts Report (November 19)Banking, Housing, and Urban Affairs Hearing (November 20)NAR Existing Home Sales Report (November 21) Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Federal Reserve Previous: Bank of America Invests $3M Toward Detroit Housing Next: Fannie Mae: Housing Driving Economic Growth The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Fed Discusses Market Health Share Savecenter_img November 15, 2019 1,320 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Seth Welborn Home / Daily Dose / Fed Discusses Market Health  Print This Post in Daily Dose, Featured, Government, News Federal Reserve 2019-11-15 Seth Welborn Demand Propels Home Prices Upward 2 days ago 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. last_img read more

Foreclosure Timelines, State by State

first_img About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Foreclosure Timelines, State by State December 9, 2019 5,220 Views Demand Propels Home Prices Upward 2 days ago Share 1Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The longest average foreclosure times were not confined to one area of the country, according to a study from ATTOM Data Solutions. In Q3 2019, the states with the longest average foreclosure timelines for homes foreclosed were Indiana (1,633 days); Hawaii (1,626 days); Nevada (1,511 days); New Jersey (1,173 days); Georgia (1,170 days); Florida (1,138 days); New York (1,103 days); Washington (1,002 days); Oklahoma (950 days); and Pennsylvania (914 days).The shortest average foreclosure times were in Virginia (201 days); Montana (217 days); Mississippi (229 days); Alaska (258 days); and Oregon (283 days). Here are the remaining top 10 states with the shortest foreclosure timelines in Q3 2019: New Hampshire (292 days); Arkansas (318 days); Wyoming (321 days); Minnesota (354 days); and West Virginia (385 days).Nationwide, foreclosure starts have been declining. According to ATTOM Data Solutions’ most recent quarterly U.S. Foreclosure Market Report, there were a total of 143,105 U.S. properties with foreclosure filings in Q3 2019, and the average time to average time to foreclose saw an uptick in Q3 2019 as properties foreclosed during the quarter had been in the foreclosure process an average of 841 days, up from 716 days in the previous quarter and up from 713 days in Q3 2018 to the highest level since Q4 2017.Analyzing ATTOM’s data, BankForeclosuresSale.com determined that the first quarter of 2020 will show another decrease in the nation’s foreclosure rate.”Even when foreclosure rates dip, which is a good thing on many fronts, there are still opportunities for those interested in investing,” said Simon Campbell of BankForeclosuresSale.com. “In 2020, there will remain cities and states that have more available properties than others. For example, it makes sense to believe that New Jersey, Illinois, and Florida will continue to have some of the highest foreclosure rates in the country.” Data Provider Black Knight to Acquire Top of Mind 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 Home / Daily Dose / Foreclosure Timelines, State by State 2019-12-09 Seth Welborn Subscribe 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.  Print This Post Related Articles Previous: Home-Equity Wealth Forecasted to Grow in 2020 Next: Update on Delinquency and Prepayments Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, Newslast_img read more

Update: Police investigating death of young man in Derry are treating it as unexplained

first_img RELATED ARTICLESMORE FROM AUTHOR Google+ Homepage BannerNews Twitter Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Pinterest Minister McConalogue says he is working to improve fishing quota center_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Previous articleMan in his 50’s seriously assaulted in DerryNext articleUpdate: victim of fatal road traffic crash in Donegal named News Highland Facebook Google+ 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report By News Highland – August 24, 2015 25 year old Conall Kerrigan’s body was discovered at around 10.20 past last night in the Bank Place area of the city.Police think he’d been in the city’s Metro Bar on Saturday night and want to speak to anyone who saw any form of altercation after he left in the early hours of Sunday.They’re treating his death as unexplained.Freelance Journalist, Eamonn McDermott has been speaking on the Shaun Doherty Show:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/eamonn1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Need for issues with Mica redress scheme to be addressed raised in Seanad also Update: Police investigating death of young man in Derry are treating it as unexplainedlast_img read more