Next major issue lenders need to tackle: Cybersecurity The top 4 challenges facing banks and financial institutions. Not making enough money. Despite all of the headlines about banking profitability, banks and financial institutions still are not making enough return on investment, or the return on equity, that shareholders require. Consumer expectations.
The number of completed foreclosures nationwide in June 2015 represented a 63.3 percent decline from their peak of 117,000 reached in September 2010, according to CoreLogic.
Completed foreclosures, which are an indication of the actual number of homes lost to foreclosure, dropped by nearly 15 percent year-over-year in June from 50,000 to 43,000. The number of completed foreclosures nationwide in June 2015 represented a 63.3 percent decline from their peak of 117,000 reached in September 2010, according to CoreLogic.
CoreLogic: 43,000 foreclosures complete in June 2015 With August’s increase, the portfolio has now seen this rarity twice this year as well as in five months since June 2010. The four months prior to August in which the portfolio expanded were January.
While the disappointing new home sales reported last month for June were revised. Of the 43,000 units sold on an unadjusted basis construction had not yet begun on 16,000 while 13,000 of the homes.
CoreLogic.com has released their June 2015 Foreclosure Report, and it shows that foreclosures continue to decline in number. Here are some of the highlights: 43,000 foreclosures were completed in June representing a 14.7% decline from June of 2014.
CoreLogic released its April 2016 National Foreclosure Report showing the foreclosure inventory declined by 23.4 percent and completed foreclosures declined by 15.8 percent compared with April 2015. The number of completed foreclosures nationwide decreased year over year from 43,000 in April 2015 to 37,000 in April 2016, representing a decrease of 68.9 percent from the peak of 117,813 in.
ADP optimistically predicts flat job growth DBRS positive on JPMorgan’s jumbo-ARM mortgage bonds Why Investors Own Private Mortgage-Backed Securities. – Why Investors Own Private Mortgage-Backed Securities Many experts say they’re safer now and worthy of a small part of the ordinary investor’s portfolio.January was another strong month for U.S. job growth, according to a new report from ADP. Keith Srakocic/AP Hot on the heels of a tax overhaul that the GOP has promised will yield stronger wage.
National Foreclosure Inventory Down 21.5 Percent from october 2014.. corelogic Reports 37,000 Completed Foreclosures in October 2015. This is lowest rate since November 2007.. a month-over-month basis, completed foreclosures decreased by 12.3 percent to 37,000 from the 43,000 reported in September 2015.
CoreLogic recently announced the release of its LoanSafe Compliance Manager, a new solution to help lenders comply with a broad array of federal, state, and local residential mortgage lending.
Jeb Mason – Challenges Facing President-elect Donald Trump on reforming the GSEs The presidency of Donald Trump began at noon EST on January 20, 2017, when Donald Trump was inaugurated as the 45th president of the United States, succeeding Barack Obama.A Republican, Trump was a businessman and reality television personality from New York City at the time of his 2016 presidential election victory over Democratic nominee Hillary Clinton.Fixed mortgage rates hit 50-year lows: Freddie Mac According to Freddie Mac (OTC: fmcc) latest primary mortgage market survey (PMMS), showed that mortgage rates, fixed and adjustable, reaching all-time record lows providing further incentive for those homeowners looking to refinance. The 30-year fixed averaged 4.15 percent, breaking the previous record low of 4.17 percent set november 11, 2010.
The foreclosure inventory declined by 25.9 percent and completed foreclosures declined by 4.9 percent compared with June 2015, according to CoreLogic®’s recently released June 2016 National.
MBA: Refinance once again drives mortgage applications Denver home prices rise 11.1% in July Allstate sues JPMorgan Chase over sale of toxic RMBS The settlement stems from the sale of securities. Department and JPMorgan Chase & Co., the nation’s biggest bank. After months of negotiations, the bank last year agreed to pay $13 billion after an.Loan limits could also rise in some parts of the country next year, in response to rising home values. Let’s take a closer look at these and other housing market forecasts and predictions for 2017. 1. home prices nationwide to rise 3% – 5% over next 12 months.JW Showcase JW Snack’s Bar & Grill kicks off its summer concert series saturday, June 1, hosting Lendon James & The Highway 34 Band. The one-night show runs from 8 a.m. to midnight on the restaurant’s.Loan applications decline as mortgage interest rates skyrocket Morgan Stanley Business Conditions Index fell by 32 points in June, its largest one-month decline. Mortgage applications to refinance a home loan increased 2 percent last week but were still 34.Purchase Mortgage Applications Continue to Inch Up – The volume of purchase mortgages continued to increase during the week ended March 31, but steadily shrinking refinance numbers once again pulled overall volume down. The Mortgage Bankers.
A total of 107,000 homes in Florida underwent foreclosures in the 12-month period ended in June, CoreLogic said. That was 35,000 more than in the No. 2 state, California. Within Florida, the Tampa-St. Petersburg-Clearwater region posted the highest foreclosure inventory, at 9.3%, which also ranked it among the nation’s top 25 metro areas.