Tag Archive | “deliquencies”

Foreclosure Inventory Ballooned in First Quarter

Thursday, March 28, 2013

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The inventory of properties in the foreclosure process expanded by nearly 10 percent in the first quarter, casting a pall over the housing recovery as local markets prepare for more foreclosures than expected. However, a high level of demand driving by investor activity may mitigate their impact.

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Fannie and Freddie have a Florida Problem

Thursday, January 3, 2013

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Despite falling delinquency rates among lenders as a whole, delinquencies increased for Fannie Mae and Freddie Mac borrowers, especially in Florida. Coincidentally, CoreLogic announced today Florida leads the nation in the size of its foreclosure inventory.

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Top Lenders Clear out Foreclosure Inventories in Non-judicial States

Friday, December 14, 2012

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Among the five lenders involved in the National Mortgage Settlement – Bank of America, Wells Fargo, JPMorgan Chase, Citi and Ally/GMAC – non-judicial pre-foreclosure activity (NOD, NTS) decreased 41 percent in November compared to a year ago, led by Bank of America with a 63 percent decrease and Citi with a 40 percent decrease. Meanwhile judicial pre-foreclosure activity (LIS, NFS) for the five lenders combined increased 26 percent from a year ago, led by Chase with a 114 percent increase and Wells Fargo with a 37 percent increase.

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Delinquencies Fell Faster in January

Monday, March 21, 2011

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The delinquency rate on mortgages 30 days or more past due fell by more last month than it has in nearly a year, according to Lender Processor Services’ Mortgage Monitor report to be released later this week.

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REOs Put New Pressure on Prices

Wednesday, September 1, 2010

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Rising numbers of real-estate owned properties (REOs) and delinquencies are creating excess supply in housing markets across the country.

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TransUnion Reports Delinquencies Fall for Second Straight Quarter

Tuesday, August 17, 2010

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Another provider of national credit data reported today that mortgage delinquencies have been falling during the first half of the year, suggesting that the housing sector is beginning to stabilize.

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