Category: News and Trends

HOPE NOW reported its member companies offered nearly 1.5 million foreclosure alternatives in 2015, including 420,000 completed permanent loan modifications.

Thanks to the extended refinance boom, everyone who could have refinanced their mortgages have already done so, right? Think again, says Black Knight Financial Services, Jacksonville, Fla.

Clear Capital, Reno, Nev., said home price appreciation continued fall quarter over quarter, but pointed to lower distressed saturation levels as a harbinger of a stronger spring home market.

Pro Teck Valuation Services, Waltham, Mass., said despite falling home delinquency and foreclosure rates, the stark difference between states that use a judicial foreclosure process and those that minimize court actions continues to show up in recovery rates in those state’s cities.

CoreLogic, Irvine, Calif., said distressed sales accounted for just 10 percent of homes sold in the U.S. in December, with real estate owned sales at just 3.4 percent.

RealtyTrac, Irvine, Calif., said nearly 180,000 U.S. single-family homes and condos flipped in 2015, up for the first time in four years and at the highest level since 2007.

Freddie Mac’s 2015 10-K filing provides this week’s chart. It demonstrates the degree to which new forms of back-end single family credit risk transfers, begun in 2013, have distributed credit risk.  

After years of dampened activity, home equity lending is making a comeback, said CoreLogic, Irvine, Calif.

ORLANDO–Mortgage Bankers Association Vice Chairman J. David Motley, CMB, said the mortgage servicing industry has a “unique opportunity” to move forward.

ORLANDO–Representatives from federal agencies here at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo said changes to mortgage servicing regulations will continue to move forward, even as these agencies try to adapt to the rapidly changing servicing environment.