Consumers Expect Brighter Economy, Slower Home Price Gains

first_img Consumers apparently haven’t gotten the memo that mortgage standards are tightening, if responses to Fannie Mae’s January National Housing Survey are any indication.Fifty-two percent of respondents in the company’s latest survey said they think it would be easy to get a mortgage today, reflecting a climb of 2 percentage points. The number of consumers saying it would be difficult to obtain a loan fell 3 points, meanwhile, dropping to 45 percent.“For the first time in the National Housing Survey’s three-and-a-half-year history, the share of respondents who said it is easy to get a mortgage surpassed the 50-percent mark,” said Doug Duncan, SVP and chief economist at Fannie Mae. “The gradual upward trend in this indicator during the last few months bodes well for the housing recovery and may be contributing to this month’s increase in consumers’ intention to buy rather than rent their next home.”The share of consumers who said they would buy if they moved climbed to an all-time survey high of 70 percent, while the share of those who would rent declined to an all-time low of 26 percent.Respondents also seem reluctant to accept projections of rising mortgage rates over the year, with the share of those expecting increases dropping for the second straight month to 55 percent. Five percent said they expect rates to drop, up slightly from the December survey.On the other hand, it appears more people have taken notice of reports of slowing home price gains. The share of consumers expecting home prices to increase in the next year fell 6 percentage points to 43 percent, while the share expecting prices to stay the same increased 7 percentage points to 45 percent.The average 12-month home price change expectation was 2.0 percent, a dramatic decline from December’s prediction of 3.2 percent.Duncan said that while the dip in price expectations was notable, it is “consistent with our view of moderating home price gains this year from a robust pace last year.”Consumer attitudes about the economy also improved last month, even with disappointing employment data hanging over the country’s collective head. The share of consumers who believe the economy is on the right track climbed 8 percent points to 39 percent, while the share who said it’s on the wrong track fell to 54 percent.Asked about their own personal financial situation, 44 percent of consumers expect things to improve (up from 42 percent in December), while only 14 percent said they’ll be worse off.  Print This Post Consumers Expect Brighter Economy, Slower Home Price Gains Fannie Mae Home Prices Mortgage Rates 2014-02-10 Tory Barringer Tagged with: Fannie Mae Home Prices Mortgage Rates Subscribe The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago February 10, 2014 609 Views Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img in Daily Dose, Featured, Market Studies, News Previous: National Appraisal Congress Launches, First Chairman Named Next: The Potential Impact of QM and Origination Defect Requirements Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Consumers Expect Brighter Economy, Slower Home Price Gains Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

Read more on Consumers Expect Brighter Economy, Slower Home Price Gains

Citadel Servicing Begins Using USRES Valuation Services

first_img Citadel Servicing Begins Using USRES Valuation Services Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Home / Featured / Citadel Servicing Begins Using USRES Valuation Services May 27, 2015 1,058 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Broker Price Opinions Citadel Servicing Corporation Property Valuations U.S. Real Estate Services 2015-05-27 Brian Honea Share Save The Best Markets For Residential Property Investors 2 days ago in Featured, News Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img U.S. Real Estate Services (USRES), a nationwide appraisal management company (AMC) headquartered in Lake Forest, California, has announced that Citadel Servicing Corporation (CSC) is using its origination broker price opinion (BPO) services, according to an announcement from USRES.CSC is using USRES’ BPO services in order to ensure more accurate valuations. By performing BPOs on CSC’s origination loans, USRES can reconcile initial prices generated by completed appraisals. CSC’s brokers can directly connect with USRES to register and place orders through the CSC website.”An accurate valuation is the foundation of every real estate transaction, and something our clients have confidence that USRES will always deliver,” said Keith Guenther, co-founder and CEO of USRES. “Our nearly 25-year track record of success on default side enables us to offer our partners more competitive pricing and turn times than other AMCs, which were major factors during Citadel Servicing Corporation’s selection of USRES. Additionally, having our own, in-house auditing team comprised of licensed appraisers is one element that sets USRES apart, giving our clients assurance that they will receive exceptional service and consistent, precise valuations the first time.”Headquartered in Irvine, California, CSC specializes in non-prime loans on both owner-occupied and non-owner occupied residential properties. USRES maintains its own in-house staff of licensed appraisers, the only BPO provider to do so. The staff audits every order for content and accuracy. In addition, a network of carefully selected, licensed appraisers supports both origination and default appraisal services for USRES.”We are excited to expand our breadth of AMC partners and look forward to this new partnership with USRES,” said Daniel Perl, CEO of Citadel Servicing Corporation.  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Previous: MCS Valutions Welcomes New Assistant VP of Operations Next: Eighty Percent of Top 100 Metros Seeing Stronger Demand for Homes Heading Into Spring Tagged with: Broker Price Opinions Citadel Servicing Corporation Property Valuations U.S. Real Estate Services Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more

Read more on Citadel Servicing Begins Using USRES Valuation Services

Freddie Mac’s STACR Program Receives Prestigious RMBS Award

first_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News, Secondary Market Freddie Mac’s STACR Program Receives Prestigious RMBS Award Demand Propels Home Prices Upward 2 days ago June 12, 2015 1,109 Views Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Tagged with: Freddie Mac Risk Transfer RMBS STACR Program Structured Agency Credit Risk The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Share Savecenter_img Previous: Presidential Candidates Urged to Address Housing Crisis on Campaign Trail Next: HUD Secretary Castro Says There Is Some ‘Agreement’ Between Parties on Housing Reform Freddie Mac Risk Transfer RMBS STACR Program Structured Agency Credit Risk 2015-06-12 Brian Honea Financial news and data service GlobalCapital has named Freddie Mac’s Structured Agency Credit Risk (STACR) offerings the RMBS Deal of the Year, according to an announcement from Freddie Mac.The RMBS Deal of the Year award is one of the premier capital markets awards recognizing issuers, investors, banks, and law firms that push securitization and help rapidly changing markets move forward, according to Freddie Mac. This was the second major award Freddie Mac’s STACR offerings have received in the last two years; last year, GlobalCapital’s parent company, Euromoney, honored STACR with the Global Structured Deal of the Year Award.”We are proud of our role in leading market innovations that return value to the nation and move housing forward,” said Kevin Palmer, VP of Credit Risk Transfer at Freddie Mac. “We created a new asset class with STACR that has brought a significant amount of private capital into the mortgage market and demonstrated the viability of multiple types of risk transfer transactions involving single-family mortgages.”Freddie Mac began the STACR program in the second half of 2013 as part of the Enterprise’s goal of reducing risk to taxpayers by increasing private capital’s role in the mortgage market. According to Freddie Mac, the GSE was the first agency to market credit risk transfer transactions with STACR and Agency Credit Insurance Structure and now features an investor base that includes more than 160 unique investors. The demand for STACR transactions has been growing steadily since the first one in 2013, and the recent STACR offerings were the first of their kind to sell first loss and actual loss risk, according to Freddie Mac.The STACR offering in late May priced at $425.6 million was Freddie Mac’s fourth this year and 13th overall. Freddie Mac has laid off a substantial portion of credit risk for more than $280 billion in unpaid balances on single-family mortgages through STACR transactions, according to the GSE. The enterprise has issued $10 billion in STACR bonds to date, representing reference pools of $292.6 billion through 13 issuances. 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 Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Freddie Mac’s STACR Program Receives Prestigious RMBS Award Sign up for DS News Daily Subscribelast_img read more

Read more on Freddie Mac’s STACR Program Receives Prestigious RMBS Award

How Effective are Fannie Mae and Freddie Mac at Preventing Foreclosures?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / How Effective are Fannie Mae and Freddie Mac at Preventing Foreclosures? Data Provider Black Knight to Acquire Top of Mind 2 days ago January 13, 2016 2,373 Views Previous: Consumer Expectations Are Lower Across the Board Next: Economist Expects Only Moderate Expansion for Housing This Year The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Fannie Mae Federal Housing Finance Agency FHFA Foreclosure Prevention Freddie Mac 2016-01-13 Brian Honea Subscribecenter_img How Effective are Fannie Mae and Freddie Mac at Preventing Foreclosures? It may be tougher to qualify for a mortgage loan to buy a home now than it was 10 years ago. But at least Fannie Mae and Freddie Mac are helping borrowers who already have homes to stay in them.The GSEs have stated that preventing foreclosures and finding solutions for borrowers is a top priority for them. With October’s total of 17,521 foreclosure prevention actions completed, the GSEs have prevented approximately 3.61 million foreclosures since the conservatorships began in September 2008—and 2.97 million of those actions have been home retention actions, according to the Federal Housing Finance Agency (FHFA)’s October 2015 Foreclosure Prevention report released on Wednesday.The number of home retention actions completed in October (14,377) was nearly the same as September’s total (14,746). Nearly 11,000 of these actions were permanent loan modifications, which brought the total since the conservatorships began up to approximately 1.88 million—accounting for more than half of the 3.61 million foreclosure prevention actions completed since September 2008. Other home retention actions included repayment plans, forbearance plans, and charge-offs in lieu.The number of home forfeiture actions completed by the GSEs, which include short sales and deeds-in-lieu of foreclosure, also remained little changed from September to October (2,707 compared to 2,744). There was little movement in the total number of foreclosure prevention actions completed by Fannie Mae and Freddie Mac from September to October (17,453 compared to 17,121).The serious delinquency rate on single-family residential homes backed by either Fannie Mae or Freddie Mac ticked downward from 1.52 percent in September to 1.50 in October, according to FHFA. This percentage is close to its 2008 level, right around the start of the crisis, and is close to one-third of the national average reported by CoreLogic for October (3.4 percent).While the number of foreclosure starts on GSE-backed properties declined by 12 percent from September to October (from 21,590 down to 18,946), the number of third-party and foreclosure sales remained virtually unchanged over-the-month (9,143 in September to 9,105 in October).Click here to view FHFA’s complete Foreclosure Prevention Report for October 2015. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Loss Mitigation, News Tagged with: Fannie Mae Federal Housing Finance Agency FHFA Foreclosure Prevention Freddie Mac Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days agolast_img read more

Read more on How Effective are Fannie Mae and Freddie Mac at Preventing Foreclosures?

Servicing Growth Drives Nationstar’s Q4 Rise in Earnings

first_img Share Save Tagged with: Earnings Nationstar Mortgage Profits Subscribe February 25, 2016 1,112 Views Home / Daily Dose / Servicing Growth Drives Nationstar’s Q4 Rise in Earnings Demand Propels Home Prices Upward 2 days ago Nationstar Mortgage Holdings Inc., reported that its fourth quarter 2015 earnings reached $34 million, or 32 cents per share, according to company’s earning statement released Thursday. The company’s GAAP net income totaled $79 million, or 73 cents per share.“Our Servicing segment continued to generate solid cash flows with sequential improvement in profitability to exit the year above our target of five basis points. In addition, our Originations segment had a strong fourth quarter, posting its best annual performance since 2012 and continues to provide a cost effective source of new servicing assets,” said Jay Bray, CEO at Nationstar.The servicing sector at Nationstar earned $51 million of adjusted pretax income, or 5.1 bps based upon average UPB, for the quarter. “Adjusted pretax income improved for the fourth straight quarter as we reduced delinquency rates and implemented technology and process initiatives to drive improved profitability,” the statement said.Year-end 2015 servicing profits reached $117 million, down significantly from 2014’s total of $213 million, which Nationstar says was driven down by higher amortization.The company reported that $91 billion of servicing assets were boarded as a result of acquisitions and origination activities, up 56 percent year-over-year. For 2016, Nationstar said, “before consideration of potential MSR acquisitions, we expect the current servicing portfolio to grow modestly, with limited utilization of capital, given the recent subservicing win, expected origination activity and current CPR rates. Our servicing segment is focused on achieving high quality earnings that exceed 5 bps through the delivery of services that exceed the expectations of both customers and regulators.”On the originations side, adjusted pretax income totaled $43 million in the fourth quarter, marking the 8th consecutive quarter of pretax income above $40 million. Last quarter, origination profits reached $50 million. Year-end 2015 originations income totaled $210 million, up from $206 million in 2014.”The originations platform continues to replenish the MSR portfolio at attractive rates of return. As expected, adjusted pretax income decreased sequentially principally due to the industry-wide implementation of TRID and general seasonality in the fourth quarter,” the statement said. “Key initiatives for 2016 include increasing customer recapture by focusing on multiple segments within the servicing portfolio, expanding our FHA/VA streamline capabilities and reducing operating expenses.”The Xome segment of the company delivered $6 million in pretax income in the fourth quarter, but earnings were down “due to an increase in technology and marketing investments, higher title expenses due to TRID delays and increased title orders, and a reduction in property sales attributable to seasonality and pipeline delays that are in the process of being addressed.”Third party revenues rose to 37 percent of total revenues, as Xome continues to focus on diversifying its revenue streams and client base. Xome’s total revenues increased 43 percent year-over-year mostly due to higher sales price execution on property sales and growth in our title and close business.Nationstar expects Xome to continue to “transform the residential real estate transaction experience for consumers and real estate professionals. Key strategies for 2016 include improving core operations, continuing to grow third party clients and making measured investments in new products and technologies that will serve the needs of clients and target customers.”“Looking forward, we remain focused on taking steps that improve customer experience and drive customer retention while delivering greater value for our shareholders. We enter 2016 well positioned from a strategic, operational and capital perspective,” Bray stated.Click here to see the full earnings statement. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Earnings Nationstar Mortgage Profits 2016-02-25 Brian Honea The Best Markets For Residential Property Investors 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Xhevrije West Previous: Treasury: Recap and Release Not Happening Next: DS News Webcast: Friday 2/26/2016 Servicing Growth Drives Nationstar’s Q4 Rise in Earnings Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily last_img read more

Read more on Servicing Growth Drives Nationstar’s Q4 Rise in Earnings

Poll: Homeownership is Low on the Priority List

first_img in Daily Dose, Featured, Market Studies, News  Print This Post Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Poll: Homeownership is Low on the Priority List The Week Ahead: Nearing the Forbearance Exit 2 days ago January 5, 2017 1,223 Views Aly J. Yale is a freelance writer and editor based in Fort Worth, Texas. She has worked for various newspapers, magazines, and publications across the nation, including The Dallas Morning News and Addison Magazine. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more. 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 Financial Priorities Homeownership 2017-01-05 Brian Honea Share Savecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Aly J. Yale Home / Daily Dose / Poll: Homeownership is Low on the Priority List Related Articles If a recent poll is any predictor, 2017 may be a drab year for homeownership.According to the recent December Financial Literacy Opinion Index conducted by the National Foundation for Credit Counseling (NFCC), only 10 percent of Americans say buying a home is their top financial priority in the new year.A whopping 80 percent of respondents say paying down debts is their No. 1 concern—far and away the top choice among financial priorities—while another 5 percent say growing their personal savings is their top choice.The NFCC cites consumer confidence and more frequent credit card use, particularly around the holiday seasons, as a large part of the poll’s results.“It’s a sobering moment when the credit card bill arrives in January and reveals a mountain of debt fueled by holiday spending,” said NFCC spokesman Bruce McClary. “January is a good time for planning to get debt under control before it becomes unmanageable.”Rounding out the list of financial goals for 2017 were buying a car, which 2 percent of respondents say is their highest priority, and “none of the above,” which accounted for another 2 percent, according to NFCC.NFCC conducted the recent Financial Literacy Opinion Index throughout the month of December on its website, NFCC.org. A total of 1,834 individuals participated.While homeownership may not be a top priority for many Americans who are deeply in debt, another recent poll showed that the desire to own a home is there. A survey of more than 2,800 registered voters conducted by the National Association of Home Builders (NAHB) found that 81 percent of 18- to 29-year-olds want to buy a home, and 36 percent of all respondents would like to buy a home in the next three years.“The survey shows that most Americans believe that owning a home remains an integral part of the American Dream and that policymakers need to take active steps to encourage and protect homeownership,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Illinois.Having enough money for a down payment was not the biggest obstacle to achieving homeownership in the NAHB survey, however. Fifty-five percent said that finding a home that was sufficiently priced was the biggest barrier, compared to 50 percent for the down payment.To see the full results of the NFCC poll, read the entire NFCC announcement. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Financial Priorities Homeownership Previous: Crossing Over to a New Accounting Standard Next: Ohio and Kentucky Law Offices Become One Firm Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Read more on Poll: Homeownership is Low on the Priority List

The Week Ahead: Home Builders Weigh in

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Previous: Bettering Mortgage Link by Link Next: Prober & Raphael President Dean Prober Passes Away in Daily Dose, Featured, Headlines, News The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles On Thursday at 10 a.m. EST, the National Association of Home Builders will release their latest monthly installment of the Housing Market Index (HMI). The monthly HMI index gauges builder perceptions of current single-family home sales and sales expectations for the next six months on a scale of good, fair, or poor. The survey also asks NAHB members to rate traffic of prospective buyers. Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good rather than poor.Builder confidence hit an 18-year high of 74 points in December before dropping slightly in January to 72. Despite this fall, builders remained confident about the year ahead as demand for housing rises along with an overall strong economy.”Builders are confident that changes to the tax code will promote the small business sector and boost broader economic growth,” said Randy Noel, Chairman of NAHB. We’ll see how well that confidence is holding when the NAHB releases their latest HMI on Thursday.Here’s what else is happening in The Week Ahead.Treasury Budget, Monday, 2 p.m. ESTConsumer Price Index, Tuesday, 8:30 a.m. ESTMBA Mortgage Applications, Wednesday, 7 a.m. ESTAtlanta Fed Business Inflation Expectations, Wednesday, 10 a.m. ESTPhiladelphia Fed Business Outlook Survey, Thursday, 8:30 a.m. ESTU.S. Census Bureau Housing Starts Survey, Friday, 8:30 a.m. EST Tagged with: Builder Confidence HMI Housing Market Index NAHB National Association of Home Builders the week ahead Servicers Navigate the Post-Pandemic World 2 days ago March 11, 2018 1,275 Views Share Save The Week Ahead: Home Builders Weigh in Home / Daily Dose / The Week Ahead: Home Builders Weigh in Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Builder Confidence HMI Housing Market Index NAHB National Association of Home Builders the week ahead 2018-03-11 David Wharton The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribelast_img read more

Read more on The Week Ahead: Home Builders Weigh in

The Costliest Neighborhoods From Coast to Coast

Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Related Articles Demand Propels Home Prices Upward 2 days ago 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. Previous: MCS Promotes Chad Mosley to Chief Relationship Officer Next: Consolidated Analytics Appoints New CFO Share Save The Costliest Neighborhoods From Coast to Coast February 25, 2019 1,214 Views About Author: Radhika Ojha Sign up for DS News Daily in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Alaska California Colorado Home Prices Homes HOUSING Miami New York Realtor.com Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Which is the priciest neighborhood in each state? With median listing prices ranging from more than $6 million to as low as $346,000, a study by realtor.com looked at the most expensive neighborhoods in each and every state as well as the District of Columbia.To track down each state’s priciest area, the realtor.com team calculated the median listing price in 2018 for every ZIP code in the U.S. that had an average of more than 30 listings per month.The most expensive neighborhood in the country was not a huge surprise. With a median home list price of $6.06 million, the iconic 90210 ZIP code in Beverly Hills, California was hands down the costliest neighborhood in the country. However, the list also included some upcoming areas that have seen a price boom in recent years.One example was Birmingham, Alabama’s 35223 ZIP Code where new jobs are leading to a real estate boom. Buyers in this ZIP code can buy Beverly Hills-style homes for a fraction of that price. The median list price for a home in this area is $611,612, according to the study.While cities like New York and San Diego continue to be favored by international investors–the priciest neighborhood in New York state was the Tribeca area’s ZIP code 10013, with a median home list price of $4.7 million–Anchorage, Alaska has also been seeing increasing interest from “deep-pocketed international buyers,” the study revealed. With home prices averaging $537,129, Anchorage’s 99516 ZIP code is the priciest housing market pocket in Alaska.From the arctic hills to a ski village, homes in 81654 in Snowmass, Colorado are the costliest in the state. With the median home list price at more than $3.3 million the location of this ski town consists of enormous mansions, the study indicated.Looking at the South, Miami remained among the most expensive cities, with homes in 33109, Fisher Island costing more than $3.5 million. The study revealed that the area had become popular for second homes for some of the world’s wealthiest people. In Hawaii, Kilauea’s 96754 ZIP code was the priciest with home prices costing a little over $2.2 million.Click here to read the full list of the most expensive ZIP codes in each state. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Alaska California Colorado Home Prices Homes HOUSING Miami New York Realtor.com 2019-02-25 Radhika Ojha Home / Daily Dose / The Costliest Neighborhoods From Coast to Coast read more

Read more on The Costliest Neighborhoods From Coast to Coast

Foreclosure Zombies Are Fading

first_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post According to the Q4 2019 Vacant Property and Zombie Foreclosure Report from ATTOM Data Solutions, zombie properties have fallen to 2.96% of foreclosures, down from down from 3.2% in Q3 2019 and 4.7% in Q3 2016.“The fourth quarter of 2019 was a repeat of the third quarter when it came to properties abandoned by owners facing foreclosure: the scourge continued to fade. One of the most visible signs of the housing market crash during the Great Recession keeps receding into the past,” said Todd Teta, chief product officer with ATTOM Data Solutions. “While pockets of zombie foreclosures remain, neighborhoods throughout the country are confronting fewer and fewer of the empty, decaying properties that were symbolic of the fallout from the housing market crash during the recession.”Around 1.5 million (1,527,142) U.S. single family homes and condos were vacant in Q4, representing 1.5% of all U.S. homes. The highest percentage of zombie foreclosures were still in Washington, D.C., with 10.5% of foreclosures as zombie foreclosures. States where the zombie foreclosure rates were above the national rate of 2.9% included Kansas (7.9%), Oregon (7.9%), Montana (7.4%); Maine (6.7%) and New Mexico (5.8%), with the highest actual number of zombie properties in New York State (2,266). In response to the high number of zombie properties, New York received $500,000 in funding for a new team that will focus on cracking down on zombie properties that have been abandoned and are in foreclosure, according to PIX11. New York in 2016 was empowered by a zombie property law that requires financial institutions to inspect properties delinquent on foreclosures. The city’s first zombie team was created in 2017.Falling right behind New York in zombie property volume is Florida (1,461), Illinois (892), Ohio (823) and New Jersey (398). However, ATTOM notes that these numbers have all fallen year over year.The lowest rates of zombie foreclosures were in were in North Dakota, Arkansas, Idaho, Colorado and Delaware. These states all had rates below 1.2%. The Best Markets For Residential Property Investors 2 days ago Foreclosure Zombies Are Fading Share Save Foreclosure Vacancy Zombie Properties 2019-10-31 Seth Welborn About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreclosure Vacancy Zombie Properties The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily 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. Demand Propels Home Prices Upward 2 days agocenter_img Previous: Are Loans Originated by GSEs Less Likely to Default? Next: GSE Quarterly Results: An Important Step Toward Privatization Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Foreclosure Zombies Are Fading Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, Loss Mitigation, News Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 31, 2019 3,501 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Read more on Foreclosure Zombies Are Fading

Servicing Experts Talk Forbearance Practices

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago CARES act debt Forbearance mortgage 2020-05-17 Seth Welborn Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Tagged with: CARES act debt Forbearance mortgage  Print This Post Related Articles Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago With so many changes to keep up with as a result of the COVID-19 pandemic, you don’t want to be left behind. DS News recently hosted a complimentary webinar that addresses the best practices in forbearance agreements, including mortgage compliance and business strategy for all residential mortgage servicers, attorneys, interested government parties, and service providers supporting the industry.Speakers for this presentation included:Moderator: David Wharton, Managing Editor, DS News & MReportJohn Dunnery, VP – Government Loan Servicing, Bayview Loan Servicing, LLCDeborah J. Grissom, Senior Director, Treliant, LLCEllen Rose, Senior Director, Treliant, LLCCourtney Thompson, SVP Default Mortgage, Flagstar BankSharon Zuniga​, SVP, Default Operations, ServiceMacForbearance requests have begun to slow, according to data from Black Knight, but there is a risk of May-related forbearance activity changing that trajectory. As of April 30, more than 3.8 million homeowners are now in forbearance plans, representing 7.3% of all active mortgages, according to the latest data from Black Knight. Together, they account for $841 billion in unpaid principal and includes 6.1% of all GSE-backed loans and 10.5% of all FHA/VA loans.Grissom noted that the optimistic view puts the total number of active forbearances at 4.5 million in June, and the pessimistic view at close to 9 million.“Bottom line, there is a range of four to nine million loans that are going to need multiple operational touchpoints over the next 12 to 18 months,” said Grissom.Speakers also discussed the importance of communications at this time, as many customers need to be educated on what forbearance is and isn’t, and when they should take advantage of it.“There’s a lot of information out there,” said Zuniga. “Our job isn’t to tell the customer what to do, our job is to hear the customer, and assisting them with their questions about forbearances and the CARES act.” Servicing Experts Talk Forbearance Practices Previous: Dana Wade Expected to ‘Hit the Ground Running’ Next: The Week Ahead: Update on CARES Act Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Servicing Experts Talk Forbearance Practices About Author: Seth Welborn in Daily Dose, Featured, Market Studies, News May 17, 2020 1,277 Views Data Provider Black Knight to Acquire Top of Mind 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

Read more on Servicing Experts Talk Forbearance Practices