Tag Archives: Delinquency Rate

Mortgage delinquencies hit lowest level since 2008

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US Homeowners Rise Above Water on Mortgages

The negative equity numbers also don’t say anything about whether or not the loans coming out from underwater are delinquent. While the overall delinquency rate dropped dramatically in the fourth quarter of 2012 to 7.09 percent of all loans, according … Continue reading

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Fewer Borrowers Are Behind on Mortgages, but for How Long?

“The declines in the mortgage delinquency rate will likely be muted for the foreseeable futures as the foreclosure process in some states can take more than 1,000 days,” notes Tim Martin, of TransUnion’s financial services business unit. “It is not … Continue reading

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Mortgage Recovery Still Rocky

The trouble is, the banks are close to finishing their obligations under the settlement, and the largest, Bank of America, will not continue to offer principal reduction afterward. “The programs then going forward will provide for similar relief, but I … Continue reading

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Builders Warn on Housing

It’s one thing to jump on the bandwagon when things are getting better, it’s quite another to jump off of it when everyone around you, not to mention your own company’s earnings, would seem to confirm that sentiment. But that’s … Continue reading

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Why Drop in Foreclosures Is Bad for Housing Market

In a normal housing market, lack of supply is generally considered a good thing. When demand outweighs supply, home prices rise and homeowners gain equity. Like so many things in this historic economic recovery, that premise doesn’t exactly apply. This … Continue reading

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CoreLogic: Foreclosure rates dip in metro Denver

. Mark Harden New Media Editor – Denver Business Journal Email  | Facebook  | Twitter  | Broadway 17th blog The foreclosure rate for the Denver metro area was 1.66 percent of home mortgages in October, down from the 1.85 percent rate of the … Continue reading

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Fannie Mae Bailing Out Bank of America? Not So Much

Late yesterday the chairman of the House Oversight and Government Reform Committee, Darrell Issa, sent out a press release titled, “Is Fannie Mae’s Purchase of Troubled B of A Portfolio a Back-Door Bailout?” The answer is: No…but let me go … Continue reading

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Single-family home outlook improves in Denver

Dennis Huspeni Reporter – Denver Business Journal Email  | Facebook  | Twitter  | Real Deals blog Sales are up, and foreclosure rate and inventory are down, for single-family homes in the metro Denver market, according to three studies recently released. The information gleaned … Continue reading

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Mortgage Delinquencies Turn a Corner

Fewer Americans are falling behind on their mortgage payments; in fact, the fewest in two years. Mortgages just one payment past due (30 days) fell to their lowest level since just before the recession began. Is it delays in paperwork … Continue reading

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