Monday Morning Cup Of Coffee Foreclosures Down 500K From Last Year

Dated: March 24 2014

Views: 361

Monday Morning Cup of Coffee takes a look at news crossing HousingWire's weekend desk, with more coverage to come on bigger issues.

Black Knight Financial Services' "First Look" at February 2014 dataBlack Knight, formerly Lender Processing Services, report on mortgage performance in February include the following highlights:
  1. The number of loans in foreclosure has dropped by more than 500K since last year (1.24M as of Feb.)
  2. There are now nearly 1 million fewer non-current mortgages since last February (4.1M as of Feb).
  3. The roughly 92K foreclosure starts in February marked a 30% year-over-year decline.
The monthly prepayment rate (historically a good indicator of refinance activity) declined almost 64% year-over-year. Mississippi, Nevada & Rhode Island have highest rates of seriously delinquent (90+ days) loans. Non-current rates in Vermont & Massachusetts have increased the most over the past 6 mos. (up 1.9% and 1.3%, respectively)

Black Knight will provide a more in-depth review of this data in its monthly Mortgage Monitor report. Read More Here...
cb
Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

10 Ways To Save On A Kitchen Remodel

A kitchen remodel is among the most popular renovation projects for homeowners, but it can quickly become the most expensive. According to HomeAdvisor, the average kitchen remodel costs $25,656, or

Read More

6 Mortgage Tips For Single Homebuyers With Children

If you’re a single parent, it’s arguably more challenging to buy a home than for those in a partnership with dual incomes. Yet it’s easy to see why so many single parents are eager to purchase

Read More

How To Deal With Unsolicited Offers

If you’re one of those lucky people who own a home in a “hot” area, it’s a pretty sweet feeling. You made a good real estate call. If you decide to sell, all signs point to it being an easy

Read More

Homebuying And Mortgage Guide For Singles

Many people might picture homeownership as an event that happens only after two people get married and start a financial partnership. Some mortgages are still structured to reflect that idea. But

Read More