DS News Webcast: Monday 5/9/2014

first_img Share Save The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2014-05-09 DSNews May 9, 2014 561 Views Subscribe Home / Featured / DS News Webcast: Monday 5/9/2014 Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Media, Webcasts Related Articles Demand Propels Home Prices Upward 2 days ago The government is set to gain an additional 10-point 2 billion dollars from Fannie Mae and Freddie Mac inJune following another profitable quarter. Releasing their earnings reports simultaneously, Fannie andFreddie reported first-quarter profits of 5-point 3 and 4 billion dollars, respectively—a major step back fromincomes reported last year but still a fair amount for what was a slow period for the housing market. Bothenterprises have reported profits each quarter for more than 2 years straight.As a result of its profitable quarter, Fannie will be contributing 5-point 7 billion dollars in dividends to theTreasury in June, bringing its total payment to the government to 126 billion. Per their amended bailoutagreement, dividends from Fannie and Freddie do not offset any draws made. Meanwhile, Freddieattributes its own quarterly results to nearly 5 billion dollars in legal settlement benefits, offset in part by 2-point 4 billion dollars in derivative losses as a result of lower long-term interest rates Freddie’s dividendobligation will come to 4-point 5 billion dollars, bringing its total Treasury payments to 86-point 3 billion.While the homeownership rate among Americans age 65 and older has remained at a constant 80 percentfor the past decade, the percent of older Americans with outstanding mortgage debt has increased sincethe start of the housing crisis, according to the CFPB. About 30 percent of older Americans hold mortgagedebt as of 2011, up 8 percentage points from 2001. About 4-point 4 million Americans are retired and stillpaying on their mortgage loans. As of 2011, the median debt among seniors with outstanding mortgageswas 79,000 dollars.You can find more on these stories—and all your latest industry headlines—right here on our site. Thanksfor joining us. We’ll see you again on Monday. Until then, stay with DSNews.com for all of your mostrelevant default servicing news.center_img Is Rise in Forbearance Volume Cause for Concern? 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: DSNews  Print This Post Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Mortgage Rates Continue Downward Slide Next: Carrington Mortgage Services Hires New Sales Director DS News Webcast: Monday 5/9/2014last_img read more

Real Estate Investor Acquires Mortgage Servicer for $1.3 Billion

first_img February 23, 2015 943 Views  Print This Post Related Articles in Daily Dose, Featured, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago New Residential Investment Corp. and Home Loan Servicing Solutions Ltd. announced a definitive merger agreement on Sunday. The merger agreement sets for New Residential to acquire all of the outstanding shares of HLSS for $18.25 per share in cash, totaling approximately $1.3 billion. The purchase price represents a 9 percent premium to HLSS’ closing price of $16.76 on Friday, February 20.The Chief Executive Officer of New Residential, Michael Nierenberg, said he was pleased to announce the transaction with HLSS.”The acquisition will significantly add to the value of our book of mortgage servicing assets and expand our relationships with mortgage servicers to include both Nationstar Mortgage and Ocwen Financial Corp., which are the two largest non-bank servicers in the United States,” Nierenberg said. “We are confident that this transaction will enhance our earnings growth potential and our ability to generate strong returns for our shareholders.”New Residential, which is based in New York, was formed in 2013 as a wholly owned subsidiary of Newcastle Investment Corp.  The company primarily targets investments in mortgage servicing related assets and other related investments.  HLSS was formed to acquire mortgage servicing assets. Their principal offices are located in the Cayman Islands. The acquisition is expected to close in the second quarter of 2015 pending the HLSS shareholder approval and other customary closing conditions. It has been approved by the Board of Directors of each company. Advising New Residential on the acquisition were Bank of America, Merrill Lynch, and Credit Suisse as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP, Sidley Austin LLP, and Maples and Calder as legal advisors. Advising HLSS on the transaction was Citi as financial advisor and Weil, Gotshal & Manges LLP and Walkers as legal advisors.The Chief Executive Officer of HLSS, John Van Vlack, said New Residential provided HLSS with the most attractive offer. “I am pleased that this transaction offers our investors cash equivalent to the book value of their shares and addresses the uncertainty associated with our future financing obligations,” Vlack said. “Of the strategic proposals received, New Residential’s was the most attractive for a variety of reasons including valuation and certainty of execution. We believe that New Residential is well positioned to provide support and act as a strategic financing party to Ocwen over the long-term.” Acquisitions Home Loan Servicing Solutions Mortgage Servicers New Residential Investment Corp. 2015-02-23 Samantha Guzman Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Hudson & Marshall, Genesis Auctions Merge to Create ‘Powerhouse’ Next: Existing-Home Sales Down Month-Over-Month, But Up from a Year Ago Samantha Guzman is an award-winning visual journalist and graduate of the University of North Texas Mayborn School of Journalism. She specializes in visual storytelling and has skills in video, audio and photography, in addition to news writing. She has traveled to Mexico and Bosnia as an assistant for multiple multimedia projects and taught news writing, photojournalism, and narrative storytelling in the past. Share Save Home / Daily Dose / Real Estate Investor Acquires Mortgage Servicer for $1.3 Billion The Best Markets For Residential Property Investors 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Acquisitions Home Loan Servicing Solutions Mortgage Servicers New Residential Investment Corp. Servicers Navigate the Post-Pandemic World 2 days ago Real Estate Investor Acquires Mortgage Servicer for $1.3 Billion Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily About Author: Samantha Guzman The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Good News for Households: Poverty Down and Income Up

first_img  Print This Post Demand Propels Home Prices Upward 2 days ago Good News for Households: Poverty Down and Income Up Home / Daily Dose / Good News for Households: Poverty Down and Income Up Tagged with: CoreLogic foreclosure rate Household Income poverty rate Zillow Recently released data from the U.S. Census Bureau reports that the U.S. annual household incomes grew 5.2 percent year-over-year in 2015, to $56,516, the first annual increase since 2007 and the strongest pace of income growth in a decade.In a recent post from Zillow, it is noted that in particular, income growth was strongest among Hispanic households. This was shown to be an increase of 6.1 percent from 2014 in comparison to 4.4 percent for non-Hispanic whites, 4.1 percent for blacks, and 2.5 percent for Asians. Zillow does note, however, that Asians had overall higher incomes and ended with the largest dollar gains of $2,800, versus $2,600 for non-Hispanic whites and Hispanics, and $1,500 for blacks. Zillow states that this is notable because Hispanics, in particular, were hit hard during the housing bust and the Hispanic homeownership rate has struggled get back to pre-crisis levels. Zillow expects that this strong household income growth among this mostly young population means a likelihood for housing demand in the future.In addition to increasing household incomes, Zillow states that poverty has also started to reduce. Zillow cites that the poverty rate from 2010 through 2014 remained high, but then declined last year to the lowest level seen since 2008. Despite this though, Zillow shares that except for the recent recession, the poverty rate is currently higher than it has been at any time since 1996.Specifically, though, poverty was shown to have declined across the board for most demographic groups, falling particularly low for Hispanics 2.2 percentage points to 21.4 percent. Zillow also shows that poverty rates for blacks declined 2.1 percentage points to 24.1 percent. Among non-Hispanic Whites, it was shown that the poverty rate fell by 1 percentage point to 9.1 percent. Additionally, among Asians the poverty rate was down 0.6 percentage points (not statistically significant according to Zillow) to 11.4 percent.In a potential sign of shifting residential patterns, the poverty rate declined more in central cities (-2.1 percentage points, to 16.8 percent) than in suburban areas (-1.1 percentage points, to 10.8 percent), although it still remains higher in cities.These positives for household’s financial situations in U.S. households follows similar patterns as those for foreclosure starts and completions as well as loan delinquencies. Recent data from CoreLogic shows that the national foreclosure rate in July was back to where it was in August 2007‒‒a little less than 1 percent overall. Moreover, foreclosures were down in July, compared to June and to a year earlier. In June, the national foreclosure rate was 1.3 percent. By July, CoreLogic reported, that number had shrunk to 0.9 percent. Compared to July 2015, foreclosures are down almost 30 percent, from a total 501,000 homes to 355,000.“Loan modifications, foreclosures, and strong housing and labor markets have each played a role in bringing the foreclosure rate to the lowest level in nine years,” said CoreLogic chief economist Frank Nothaft. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Holding Off: Why High-Mortgage-Rate Loans Aren’t Being Refinanced Next: Consumer Labor Market Expectations Mixed Related Articles About Author: Kendall Baer Subscribe in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago September 19, 2016 1,088 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago CoreLogic foreclosure rate Household Income poverty rate Zillow 2016-09-19 Kendall Baer Sign up for DS News Daily Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 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 Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. last_img read more

Major Metros Still Exhibiting Pockets of Affordability

first_img Affordability Home Prices Home Sales unison 2018-04-08 David Wharton Demand Propels Home Prices Upward 2 days ago Share Save Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: How Homebuying Millennials Must Adapt Next: The Debt Dilemma Subscribe 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 ago About Author: David Wharton David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Home / Daily Dose / Major Metros Still Exhibiting Pockets of Affordability Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Major Metros Still Exhibiting Pockets of Affordability Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 8, 2018 2,237 Views Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Tagged with: Affordability Home Prices Home Sales unison With home prices rising in most major metros across the United States for the past decades—in some cases posting double-digit gains year-over-year—the American Dream of homeownership may begin to feel elusive. However, Unison, a homeownership investment firm, maintains there are pockets of affordability in every major metro market. A combination of factors is seemingly putting homeownership out of reach for many Americans. Not only are home prices rising, but student debt and climbing rents are also taking a toll on potential down payment savings for many. However, the dream of homeownership, at least, is alive and well, according to Unison, which cites Ellie Mae data stating that 91 percent of millennials intend to own a home one day. Unison compared home price and home income data across major metros to determine the salary necessary to purchase a median-priced home, and the number of years it would take to save for a down payment on a median-priced home with a median-priced salary. Not only did Unison look at metro areas as a whole, it also zeroed in on city-level data to determine the most affordable areas in major metros. The least affordable metro in the nation, according to Unison’s data, is San Francisco-Oakland-Hayward, where residents need to earn $231,216 to purchase a median-priced home with a 10 percent down payment. At the median salary, it would take a San Francisco metro resident 20 years to save for a 10 percent down payment on a median-priced home. The second- and third-least affordable metros were Los Angeles-Long Beach-Anaheim and San Diego-Carlsbad, where salaries of $157,728 and $139,130, respectively, put a median-priced home within reach. In the Los Angeles metro, it would take 19 years for a resident earning the median salary to save enough for a 10 percent down payment on a median-priced home. In the San Diego metro, residents would need to save for 16 years to put 10 percent down on a median-priced home in the market. Homebuyers fare much better in Detroit-Warren-Dearborn, where they need to earn a salary of $35,909 to purchase a median-priced home with a 10-percent down payment. Following on the list of most affordable markets are Kansas City, Missouri, where the required salary is $40,869; and Tampa-St. Petersburg-Clearwater, Florida, where residents need to earn $43,978. In the Detroit and Kansas City metros, it would take residents earning the median salary just five years to save for a 10 percent down payment on a median-priced home. In the Tampa metro, it would take about seven years. While Dallas, Texas, ranked a little lower for affordability, it would take median-income residents only six years to save for a down payment on a home in their market. However, “While home prices overall have increased, there remain neighborhoods in every metro area that are relatively affordable and every metro area offers solid housing options for almost all types of home buyers,” according to Benjamin Feldman, Director of Content at Unison, with the release of Unison’s 2018 Home Affordability Report. In fact, the entire San Francisco Bay area has experienced “a dizzying rise in home prices,” and even the “potentially affordable neighborhoods” in the area have median home values above seven figures. “If one city has embodied the staggering increase of California home prices this decade, it’s San Francisco,” Unison said in its report. On the other hand, in the Dallas metro a salary of $52,000 is necessary to purchase a median-priced home with a 10 percent down payment, but in Dallas city proper, the salary necessary drops to about $49,000. In already affordable Kansas City, the salary required to purchase a median-priced home drops from $40,869 for the metro area down to just $29,036 in Kansas City proper. For more information on potentially affordable neighborhoods in major metros, read Unison’s full report here.Krista Franks Brock is a writer and editor who has covered the mortgage banking and default servicing industries since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. last_img read more

The Industry Pulse: Updates on Ocwen, RES.NET, and More …

first_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Home / Daily Dose / The Industry Pulse: Updates on Ocwen, RES.NET, and More … Servicers Navigate the Post-Pandemic World 2 days ago Share 1Save Demand Propels Home Prices Upward 2 days ago Previous: FICO, Experian, and Finicity Launch New Credit Score Next: Coming to America Related Articles October 25, 2018 1,630 Views From credit counseling initiatives to partnerships to automate REO processes, get the latest buzz on the industry in this weekly update.Florida-based Ocwen Financial Corp.and Cambridge Credit Counseling, a not-for-profit U.S. Department of Housing and Urban Development approved housing counseling organization, recently hosted a free mortgage assistance event for Massachusetts homeowners having trouble making their mortgage payments. Held on Saturday, October 20, homeowners met one-on-one with Ocwen Home Retention Agents and counselors from Cambridge Credit Counseling to discuss their unique situations and to receive information about potential options to help lower their mortgage payments.“Ocwen is making a real difference across the country in the lives of homeowners struggling to pay theirmortgage,” said Jill Showell, SVP, Government and Community Relations at Ocwen. “Local borrower outreach events, such as this one in Massachusetts with Cambridge Credit Counseling, give us the chance to workdirectly with families in need of a mortgage solution to help them better afford their homes.”__________________________________________________________________RES.NET, a technology platform allowing mortgage bankers, investors, vendors, consumers, and other parties to communicate around a real estate transaction, today announced it has successfully developed and deployed a robust Buyer’s Marketplace for FirstBank Puerto Rico. The new marketplace showcases the bank’s diverse portfolio of available assets and engages a much broader audience of potential buyers and investors than traditional tools available in the market. It was created in Spanish to accommodate the widest range of buyers.Shortly after FirstBank Puerto Rico selected RES.NET as the operating platform to assist with the disposition of its OREO (other real estate owned) properties, the devastation from Hurricane Maria presented a new set of unforeseeable challenges for the bank and the island as a whole. The bank and RES.NET issued a call to action, expediting the development and deployment timeline, quickly launching the marketplace in its native language to contribute to the rebuilding efforts of the community.__________________________________________________________________LERETA, LLC, a national provider of real estate tax and flood services for mortgage servicers based in Covina, California, has tapped Eric Christensen as the Chief Strategy Officer for the company. Christensen is responsible for product development, corporate strategy, marketing, and M&A transactions.Christensen, who most recently was the founder and managing director of Credit Data Solutions, has spent his career developing knowledge around financial software, predictive modeling and analytics, credit risk technology, and decisioning software. His expertise extends in fraud management, competitive strategy, business planning, sales and marketing as well as risk management and regulatory relations.“Eric’s deep and varied experience in the financial industry makes him perfect to help usher LERETA into a new era where technology and people help provide the best level of service to our customers,” said John Walsh, CEO of LERETA. “We welcome his knowledge and passion for bringing positive change to the industry.”__________________________________________________________________Credit scoring agency, FICO, along with Experian and Finicity recently launched a new credit score called UltraFICO Score. The new credit score leverages account aggregation technology and distribution capability from Experian and Finicity to help consumers improve access to credit by tapping into consumer-contributed data, such as checking, savings, and money market account data, that reflects responsible financial management activity.The three companies estimate that this new score has the potential to improve credit access for the majority of Americans and is particularly relevant for those who fall in the grey area in terms of credit scores (scores in the upper 500s to lower 600s) or fall just below a lender’s score cut-off. Consumers who are relatively new to credit with limited history or those with previous financial distress that are getting back on their feet stand to benefit the most from this new system.____________________________________________________________________ The Best Markets For Residential Property Investors 2 days ago Subscribe Tagged with: Experian FICO Finicity First Bank Puerto Rico Ocwen RES.NETcenter_img 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 ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Industry Pulse: Updates on Ocwen, RES.NET, and More … Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Experian FICO Finicity First Bank Puerto Rico Ocwen RES.NET 2018-10-25 Radhika Ojha 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. in Daily Dose, Featured, News Sign up for DS News Daily last_img read more

Single-Family Rental Market Defies Market Conditions

first_imgSign up for DS News Daily May 21, 2020 1,835 Views 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Investment Rent SIngle-family 2020-05-21 Seth Welborn Demand Propels Home Prices Upward 2 days ago Share 1Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 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 Servicers Navigate the Post-Pandemic World 2 days agocenter_img Previous: Measuring Mortgage Hardships and Delinquencies Next: Comptroller Joseph Otting to Step Down Tagged with: Investment Rent SIngle-family Single-Family Rental Market Defies Market Conditions Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Single-Family Rental Market Defies Market Conditions Subscribe in Daily Dose, Featured, Investment, News The Best Markets For Residential Property Investors 2 days ago The number of single-family homes built-for-rent (SFBFR) posted a small year-over-year increase for the first quarter of 2020 despite otherwise challenging market conditions. According to the National Association of Homebuilders (NAHB), the SFBFR market has received attention as a means to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period involving elevated unemployment and weak wage growth. Single-family built-for-rent construction differs in structural characteristics compared to other newly-built single-family homes.According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 8,000 single-family built-for-rent starts during the first three months of 2020. This was a slight gain over the first quarter 2019 total of 7,000. Over the last four quarters, 40,000 such homes began construction, which is lower than the 44,000 estimated SFBFR starts for the four prior quarters.Given the small size of this market segment, the quarter-to-quarter movements typically are not statistically significant. The current four-quarter moving average of market share (4.4%) remains higher than the recent historical average of 2.7% (1992-2012) but is down from the 5.8% reading registered at the start of 2013. As measured for this analysis, this class of single-family construction excludes homes that are sold to another party for rental purposes, which NAHB estimates may represent another two percent of single-family starts. The estimates in this post only include homes built and held for rental purposes.The built-for-rent pipeline of single-family homes is considerably smaller than the single-family home portion of the rental housing stock, which is 35% according to the 2017 American Community Survey. Approximately five million single-family homes were added to the rental stock since the Great Recession due to tenure switching. As homes age, they are more likely to be rented and the vast majority of these rental homes are owned by individual households. Thus, the primary source of single-family rental homes is not construction but the existing housing stock. In fact, from 2005 to 2015, 56% of the gains in the rental housing stock were due to increases of for-rent single-family homes.However, a window of opportunity now exists for SFBFR construction. As some households seek lower density neighborhoods and single-family residences, but must do so from the perspective of renting, the SFBFR market will likely expand in the quarters ahead. The Best Markets For Residential Property Investors 2 days ago Related Articleslast_img read more

Foreclosure Moratoria and the Distressed Auction Market

first_imgSign up for DS News Daily Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Auction.com shows.While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September.That said, the moratoria have played a part in creating a backlog of likely foreclosures that an Auction.com analysis estimates will grow to more than 1.1 million by Q2 2021.At 92%, Colorado paced the list of states with an above-average share of year-ago foreclosure volume in September. Rounding on the top states on the list were Oklahoma, 86%; Kentucky, 56%, Arkansas, 54%; and Indiana, 49%.Conversely, among states with a below-average share of year-ago foreclosure volume were New York, Oregon and New Jersey, all at 0%, while Washington and Massachusetts came in at 5%.“Foreclosure supply is slowly returning to the market as servicers refine their vacant or abandoned procedures and as states gradually open up,” said Ali Haralson, chief business development officer at Auction.com. “These vacant or abandoned properties, which are exempt from the national foreclosure moratoria on government-backed mortgages, benefit neighborhoods when they are returned to occupancy.”Meantime, the demand for distressed properties—both at foreclosure auction and for online auctions of bank-owned (REO) properties, wasn’t taking a backseat.“Nearly all properties now being foreclosed are vacant or abandoned, which means those foreclosures represent a distressed, unoccupied home that can now be returned to the housing market and occupied by a buyer or renter,” said Jason Allnutt, CEO at Auction.com. “Furthermore, renovated foreclosures often provide an affordable housing option for retail buyers and renters.”Auction’s remote bid technology is adding to the changes at foreclosure auctions.“Buyers are showing up in force at the live foreclosure auctions, both in-person at the auction venues and now also virtually, thanks to the Remote Bid feature on the Auction.com mobile app,” said Steve Price, senior vice president of trustee operations at Auction.com. “Where available, this feature allows buyers to participate in real-time at the auction from just about anywhere.”The July 2020 U.S. Foreclosure Market Report, released by ATTOM Data Solutions, showed there were a total of 8,892 U.S. properties with foreclosure filings—default notices, scheduled auctions or bank repossessions — in July 2020, down 4% from a month ago and 83% from a year ago.“Even as mortgage delinquency rates climb, foreclosure activity continues to be artificially low due to moratoria put in place by the Federal and State governments,” said Rick Sharga, EVP at RealtyTrac (an offspring of ATTOM). “It’s inevitable that there will be a significant increase in foreclosures once these moratoria have expired, although it’s unlikely that we’ll see default rates reach the levels we saw during the Great Recession.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Share 1Save in Daily Dose, Featured, Market Studies, News Related Articles Previous: ‘Slow Down in Exits’ Means Increased Overall Forbearance Activity Next: The Best of DS5: Inside the Industry – Part 1 Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Chuck Green November 24, 2020 2,114 Views Home / Daily Dose / Foreclosure Moratoria and the Distressed Auction Market Demand Propels Home Prices Upward 2 days ago Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. 2020-11-24 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Foreclosure Moratoria and the Distressed Auction Marketlast_img read more

Poll respondents not confident the new Government will deliver

first_img Previous articleDeputy Charlie McConologue given Fianna Fail front bench roleNext article15 year old youth admits 2010 assault and robbery of retired nurse News Highland A snap shot poll of Highland Radio listeners shows that the majority feel the new government will do little or nothing to benefit County Donegal.As the leaders of Fine Gael and Fine Fail bickered in the Dail as to who is to blame for the country’s mess and who is best placed to resolve the situation, respondents to the Highland Radio News Poll on Facebook suggested all are equally incompetent.Asked ‘Do you believe the new government will ‘deliver’ for Donegal?’ the overwhelming majority responded that it was a case of the ‘same situation, different parties.25% of our listeners were more adamant, stating they did not believe Fine Gael / Labour would deliver for the county, while just fewer than 10% were confident the coalition would.The poll is not scientific but for fun – follow us on Facebook at HERE for more news and interactions. Newsx Adverts Facebook Three factors driving Donegal housing market – Robinson Google+ By News Highland – April 12, 2011 Twitter Pinterest Poll respondents not confident the new Government will deliver Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Guidelines for reopening of hospitality sector published Google+ WhatsApp Facebook WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitterlast_img read more

Highland’s Farming News – Thursday 24th March

NewsPlayback A 15 Minute Programme presented by Chris Ashmore every Thursday at 7.05pm highlighting all that’s happening in the farming community.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/03/FarmMar242016.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By admin – March 24, 2016 Twitter Google+ Highland’s Farming News – Thursday 24th March WhatsApp Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ Facebook RELATED ARTICLESMORE FROM AUTHOR Pinterest Nine Til Noon Show – Listen back to Wednesday’s Programme Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Facebook Previous articleWoman dies in hostpial following two car collision in Newtowncunningham yesterdayNext articleHOW DID I END UP HERE? admin Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey read more

House prices in Donegal 43% down on the peak

first_imgNewsx Adverts By News Highland – October 3, 2011 Google+ Previous articleFoyle Ferry service suspendedNext articleGAA – Glenswilly County Champions News Highland Facebook House prices in Donegal 43% down on the peak Twitter Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook House prices in Donegal have fallen by 43% since the height of the boom, according to figures published this morning by daft.ie.The average asking price in the county between July and September was €154,000, a fall of €116,000 from the peak.Across Ulster, house prices remained largely static during the third quarter, following an 8.8% drop over the previous three months. Nationally, prices dropped 3% between July and September.However, daft.ie economist Ronan Lyons says it’s too early to suggest the market is bottoming out, with  lack of credit now a major problem.He says until more money is available through the banks, the market will remain volatile……….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/lyons1pm.mp3[/podcast] Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey center_img WhatsApp WhatsApp Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Pinterest Guidelines for reopening of hospitality sector published Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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