DSNews: Author: Tory Barringer January 21, 2015 In the wake of the National Association of Home Builders’ (NAHB) latest confidence index, builders convened in Las Vegas this week to discuss housing trends over the last few months and what they expect to see in 2015. In a panel at the group’s International Builders’ Show, top […]
Delinquency Rate Tumbles in December, Reversing November’s Large Increase
DSNews: Author: Brian Honea January 23, 2015 Just one month after experiencing the largest monthly increase in six years, the nation’s mortgage delinquency rate took a big tumble in December, according to Black Knight Financial Services’December 2014 “First Look” at Mortgage Data released Friday. The mortgage delinquency rate, or the number of mortgage loans that are 30 […]
Survey: Investors Preferred Flipping to Renting in Q4
Lisa has an excellent investor rehab program. Please contact A & A Mortgage for more information. DSNews: Author: Brian Honea January 21, 2015 A nationwide survey of real estate investors bidding on properties offered for auction during the fourth quarter of 2014 revealed that flipping was the preferred investing strategy over renting, according to Auction.com‘s Q4 […]
Fueled by Lower Gas Prices, Consumer Sentiment Reaches Highest Level in a Decade
DSNews: Author: Tory Barringer January 16, 2015 American consumers are heading into 2015 feeling good about their economic prospects, according to a preliminary confidence measure. A first-look reading of the University of Michigan/Thomson Reuters consumer confidence index shows the measure climbed to 98.2 as of mid-January, up nearly five points from a final December reading […]
Housing Barometer Indicates Market is Moving Closer to ‘Back to Normal’ Levels
DSNews Author: Brian Honea January 15, 2015 While housing recovery has generally been uneven for the last few years, the housing market experienced substantial growth in the fourth quarter of 2014 for all five indicators of Trulia’s Q4 2014 Housing Barometer, which was released on Thursday. Three of the five indicators – existing home sales, […]
Report Predicts Big Year for Housing in 2015 Based on Recent Government Actions
DSNews: Author: Tory Barringer January 12, 2015 With 2015 less than two weeks underway, Fitch Ratings is the latest forecaster predicting great things for housing in the coming year. However, unlike other commentators, whose projections were based on encouraging market trends, the ratings agency says it’s a combination of recent government actions that reinforces its […]
Analyst Forecasts Improvements for RMBS in 2015
DSNews – By Tory Barringer On December 16, 2014 The upcoming year is expected to bring continuing improvements in the market for residential mortgage-backed securities (RMBS), according to one forecast. In its predictions for 2015, Moody’s says stronger underwriting standards, third-party reviews, and the implementation of risk retention rules will all bolster the credit quality of new […]
House Votes to Delay Key Provision of Dodd-Frank Act
DSNews – Author: Brian Honea January 14, 2015 With the Republican majority now in place, the U.S. House of Representatives voted on Wednesday to pass a bill that eased some portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, according to multiple media reports. The bill passed by a vote of 271 […]
Foreclosure Rate Falls to Lowest Level Since ’08
DSNews -Author: Brian Honea January 14, 2015 About 1.5 percent of all homes with a mortgage in the United States were in some state of foreclosure in November 2014, the lowest foreclosure rate since March 2008, according to CoreLogic‘sNovember 2014 National Foreclosure Report released Wednesday. Foreclosure inventory, which includes homes in any state of foreclosure, plummeted […]
Declining Default Rate Leaves Room to Loosen Underwriting Standards, Economist Says
DSNews: Author: Brian Honea January 7, 2015 The pristine performance of mortgage loans in the U.S. with a vintage of 2009 or later is an indicator that underwriting standards could be loosened, according to CoreLogic senior economist Molly Boesel. In an analysis entitled “What’s an Acceptable Level of Mortgage Default?” published in CoreLogic’s December 2014 […]
