FHA Loan Articles

Foreclosure activity is at the lowest level in over a decade

Foreclosure filings in the U.S. have remained below pre-recession levels for the past 18 months. properties with foreclosure proceedings started was up 4 percent last quarter but down 19 percent from a year ago, according to a Thursday news release from Attom Data Solutions, a national property database.

The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007.

 · The trend within each age group is the most familiar perspective ().This age cross-sectional format shows that the youngest adults, who are at the beginning stages of their housing careers, have the lowest homeownership rates, while adults in their late 30s have accumulated much higher homeownership.

A key challenge for monetary policymakers is to predict where inflation is headed. One promising approach involves modifying a typical Phillips curve predictive regression to include an interaction variable, defined as the multiplicative combination of lagged inflation and the lagged output gap.

Foreclosure starts down nationwide, up in 36 percent of local markets. Lenders started the foreclosure process on 91,849 U.S. properties in Q3 2018, down 6 percent from the previous quarter and down 3 percent from a year ago – the 13 th consecutive quarter with a year-over-year decrease in foreclosure starts.

Arch’s capital cushion grew even after increased delinquencies My Credit Union | Hometown Credit Union – In dollars, that’s a capital cushion of $90 billion. Nation-wide, credit union mortgage delinquencies at the end of the first quarter of 2008 stood at only 0.7%. First mortgage charge-offs were a miniscule 0.06%. Across the board, credit union loan delinquencies are at a very low 1.0%.Freddie Mac opens up certificate exchange for uniform MBS to investors Fannie Mae and Freddie Mac Moving to Uniform Mortgage-Backed. – The significant change will be in Freddie Mac-issued securities, as the 45-day delay period for payment of principal and interest switches to 55 days. As part of the transition, holders of current freddie mac mbs will be able to exchange them for essentially identical umbs; only the payment delay period and CUSIP will change.

Foreclosure activity reaches 6-year low | Coats Schmidt, P.A. – Foreclosure activity in April fell to its lowest level in 74 months, but action is ramping up in some states, says a national foreclosure tracker.. In April, one of every 905 U.S. housing units received a foreclosure filing, market watcher RealtyTrac says. That was the lowest level since February 2007 – near the beginning of the nation’s foreclosure crisis – and down 23% from a year ago.

The report also shows a total of 74,341 U.S. properties with foreclosure filings in March 2018, up 21 percent from an all-time low in the previous month but still down 11 percent from a year ago – the 30th consecutive month with a year-over-year decrease in U.S. foreclosure activity. An analysis of foreclosure activity by loan origination.