2013 saw "significant, sustained" developments in both delinquency and foreclosure numbers, which is based on Black Knight Financial Services (BKFS). The company's Data and Analytics division released its year-end Mortgage Monitor Report, which builds on its recently released "first-look" stats for ... » Learn More about Foreclosure Rate Down To 2.5 % at Year-End
How Short Sales Will Increase Home Sales In 2014
You might just have thought this article would have to do with short sales on the market today, but that is not the case. You see, the real estate market will experience a rise of homebuyers who took part in short sales as sellers three to five years back. That's correct, there is a surge of ... » Learn More about How Short Sales Will Increase Home Sales In 2014
Mortgage Guideline and Interest Rate Update February 4, 2014
Over the last few months we have had 2 $10,000 reductions of the QE or Quantative Easing by the Federal Reserve. From $85B a month in bond and mortgage backed securities purchases, to $65B. Janet Yellen has now taken the Chairman seat from Bernanke, and she’s expected to maintain the same ... » Learn More about Mortgage Guideline and Interest Rate Update February 4, 2014
Borrowers Struggle Despite Equity Gains
The recurring price recovery and increase in positive equity all around the country has been source for celebration among many industry commentators-- but they're not much comfort to those who continue to struggle to pay their mortgages, Fitch Ratings says in a new release. While equity is ... » Learn More about Borrowers Struggle Despite Equity Gains
Decline in Foreclosures Outpaces The Decrease in Loan Modifications
An approximated 44,000 homeowners obtained permanent loan modifications from mortgage servicers at the time of the month of November under both proprietary servicer programs and the government's Home Affordable Modification Program (HAMP), HOPE NOW reports. Although that total represents a 12 ... » Learn More about Decline in Foreclosures Outpaces The Decrease in Loan Modifications