Mortgage Delinquencies Experience Seasonal Rise in April

first_img in Daily Dose, Featured, Foreclosure, News Tagged with: Black Knight Financial Services First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts Mortgage Delinquencies Mortgage Delinquencies Experience Seasonal Rise in April Black Knight Financial Services First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts Mortgage Delinquencies 2015-05-22 Brian Honea Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: DS News Webcast: Friday 5/22/2015 Next: Senate Banking Committee Approves Financial Regulatory Relief Bill While foreclosure starts have experienced a couple of seasonal increases in recent months, Black Knight Financial Services reported in its “First Look” at April 2015 mortgage data that it was delinquencies that ticked slightly upward to due seasonality.The Black Knight report released Friday revealed that delinquencies in April slightly increased by 1.46 percent, pushing the national rate up to 4.77 percent – still a low number by post-crisis standards. The 4.77 percent represented a total of 2.41 million single-family residential properties, while the increase of 1.46 percent represented a jump of about 35,000. Year-over-year, there was a decline of about 15 percent (about 406,000 properties) in the number of delinquent properties.Meanwhile, foreclosure inventory – the total number of mortgage loans in some state of foreclosure – continued its decline toward pre-crisis levels in April by falling 25.5 percent year-over-year down to 1.51 percent, about 764,000 properties. It is the lowest level for foreclosure inventory since January 2008 right at the beginning of the recession.Foreclosure starts totaled 73,500 for April, a decline of 22 percent from March and from 7 percent from April 2014. The monthly prepayment rate, which is generally a good indicator of refinance activity, were up by more than 60 percent year-over-year in April up to 1.39 percent despite a month-over-month decline of 14.5 percent.Foreclosure starts have totaled less than 100,000 every month since January 2014 but have largely been up and down from month-to-month in the last three years, according to Black Knight data. In January, they totaled 94,300; in February, the fell down to 79,700; in March, they rose back up to 94,100; and back down to 73,500 for April.Florida had the largest six-month rate of improvement for non-current loans among states in April with a 17.4 percent decline, according to Black Knight. Florida’s non-current loan rate of 8.40 percent for April was nearly two full percentage points ahead of the state with the second-largest six-month improvement (Illinois, which experienced a 15.14 percent decline down to 6.45 percent). Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily center_img May 22, 2015 1,504 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago 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 ago Related Articles Home / Daily Dose / Mortgage Delinquencies Experience Seasonal Rise in April The Best Markets For Residential Property Investors 2 days ago  Print This Post Subscribelast_img read more

Syracuse women’s basketball falls 1 spot to No. 21 in Top 25 poll

first_imgEven though Syracuse has won its last four games each by at least 11 points, SU dropped one spot to No. 21 in the latest Associated Press Top 25 poll, its lowest ranking of the season.Three weeks ago, the Orange climbed to No. 11, the highest-ever ranking in program history. Over the next two weeks, SU dropped and remained at No. 20.Four-time defending national champion Connecticut stayed at the top spot after beating No. 2 Notre Dame, 72-61. Five other Atlantic Coast Conference teams were ranked in the Week 6 poll: No. 7 Florida State, No. 8 Louisville, No. 13 Miami, No. 18 Duke and No. 24 Virginia Tech.After blowing out Niagara by 49 points on Saturday, behind Brittney Sykes’ dominant performance, SU gets the week off from games. The Orange plays next in the Florida Sunshine Classic Dec. 20-21. Conference play begins at No. 8 Louisville on Dec. 29. Comments AdvertisementThis is placeholder text Facebook Twitter Google+ Published on December 12, 2016 at 3:30 pm Contact Matthew: [email protected] | @MatthewGut21last_img read more