Tag Archives: mortgage delinquencies

Mortgage Delinquencies Down, Equity Higher

Posted on September 3, 2013 by Popular Economics Weekly

Financial FAQs According to the second quarter Zillow Negative Equity Report, the national negative equity rate continued to fall in the second quarter, dropping to 23.8 percent of all homeowners with a mortgage from 25.4 percent in the first quarter … Continue reading →

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Shadow Inventory of Bad Loans Still Too High

Posted on July 12, 2013 by Popular Economics Weekly

Financial FAQs The shadow inventory of troubled homes fell to about 2 million in April, down 18 percent from the same period in the prior year, and down 34 percent from a peak of 3 million in early 2010. But … Continue reading →

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Mortgage Delinquencies Continue Decline

Posted on July 9, 2013 by Popular Economics Weekly

The Mortgage Corner Mortgage delinquencies and foreclosures continue to decline. According to Lender Processing Services (LPS), 6.08 percent of mortgages were delinquent in May, down from 6.21 percent in April, while 3.05 percent of mortgages were in the foreclosure process, … Continue reading →

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Housing Prices Rise as Foreclosure Rates Fall

Posted on June 4, 2013 by Popular Economics Weekly

The Mortgage Corner Home prices are continuing to rise, in part because foreclosure rates continue to fall. Fannie Mae reported that the Single-Family Serious Delinquency rate declined in April to 2.93 percent from 3.02 percent in March. The serious delinquency … Continue reading →

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Existing-Home Sales, Inventories Climbing

Posted on May 22, 2013 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April, reports the National Association of Realtors. This could … Continue reading →

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Consumer Debt Falls to Pre-Recession Level

Posted on May 15, 2013 by Popular Economics Weekly

Financial FAQs The total amount of debt held by Americans fell again in the first three months of 2013 and stood at the lowest level since the middle of 2006, the New York Federal Reserve said Tuesday. The level of … Continue reading →

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Saving Fannie and Freddie Mac

Posted on April 9, 2013 by Popular Economics Weekly

The Mortgage Corner Fannie Mae (FNMA), or Federal National Mortgage Association, reported a record profit for 2012, a good reason to save the mortgage giant from dissolution, as the banking industry in particular has lobbied for. The government-sponsored enterprise had … Continue reading →

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2013 Home Prices Soaring

Posted on March 26, 2013 by Popular Economics Weekly

The Mortgage Corner Housing prices are soaring, with both the S&P Case-Shiller Home Price Index 3-month average (for November, December and January) and FHFA conforming loan indexes accelerating. Mortgage delinquencies also continue to decline, which should help depleted inventories. The … Continue reading →

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January Housing Prices, Mortgages, Surging

Posted on March 7, 2013 by Popular Economics Weekly

The Mortgage Corner CoreLogic reported that home prices nationwide, including distressed sales, increased on a year-over-year basis by 9.7 percent in January 2013 compared to January 2012. This change represents the biggest increase since April 2006 and the 11th consecutive … Continue reading →

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Mortgage Delinquencies Lowest Since 2008

Posted on February 28, 2013 by Popular Economics Weekly

The Mortgage Corner The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.09 percent of all loans outstanding at the end of the fourth quarter of 2012, the lowest level since 2008, … Continue reading →

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