DSNews BY: Scott Morgan February 15, 2016 Not everyone thinks the economy is as bad off as doomsayers have been saying lately. In fact, William Dudley, president and CEO of the Federal Reserve Bank of New York, says the expansion we’ve experienced for the past seven years has put American homeowners in a much better […]
Tag: Recovery
Active Foreclosure Inventory Backlog is Clearing Out
DSNews By: Brian Honea January 31, 2016 Foreclosure activity was way down across the board in 2015, with a noticeable decline in the foreclosure inventory down to its pre-recession level, meaning the backlog of foreclosures continues to clear out at a substantial rate. With nearly half of the residential mortgage loans that began […]
Borrower Outreach Events Proving Successful at Preventing Foreclosures
DSNews BY: Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]
Mortgage Delinquency Rate Declines for 12th Straight Quarter
DSNews: By Author: Brian Honea February 18, 2015 The nation’s mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according toTransUnion‘s latest mortgage report released Wednesday. Q4 was […]
Economists Predicting Good News for Job Market, Housing
DSNews Author: Brian Honea February 13, 2015 A survey conducted among economists by theFederal Reserve Bank of Philadelphia on economic growth in the United States released on Friday revealed that predictions have been revised upward for the labor market – which means good news for the economy and for housing recovery. The Philadelphia Fed […]
Based on Recent Signs, Economists Say ‘More Robust’ Year for Housing Lies Ahead in 2015
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 […]
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 […]
