Why Are Cash Sales Declining?

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago 2016-08-25 Kendall Baer Home / Daily Dose / Why Are Cash Sales Declining? Cash sales accounted for 30 percent of total home sales in May 2016, down 2.5 percentage points year over year from May 2015, with resales having the biggest impact on total cash sale shares, according a recent report from CoreLogic.The report shows that on a month-over-month basis, the cash sales share fell by 1.7 percentage points in May 2016. This was compared with April 2016. Additionally, for the first five months of 2016, the cash sales share averaged 33 percent. This was the lowest start to any year since 2008, compared to the cash sales share peak in January 2011 when cash transactions accounted for 46.6 percent of total home sales nationally and prior to the housing crisis, when the cash sales share of total home sales averaged approximately 25 percent.  CoreLogic states that if the cash sales share continues to decrease at the same rate that was seen in May 2016, this share will reach 25 percent by mid-2018.It was also noted in the report that real estate-owned (REO) sales had the largest cash sales share in May 2016 sitting at 56.6 percent. Resales had the second highest cash sales share with 29.8 percent. Following resales was short sales with 27.9 percent and then newly constructed homes with 14.6 percent.CoreLogic says that while the percentage of REO sales within the all-cash category remained high, REO transactions accounted for only 5.1 percent of all home sales in May 2016. They do say that resales typically make up the majority of home sales, though, totaling about 83 percent in May 2016, and therefore have the biggest impact on the total cash sales share. With existing home sales down 3.2 percent according to the National Association of Realtors this could attribute to the decline in cash sales.In a further breakdown of the cash sales data geographically, the report shows Alabama as having the largest cash sales share of any state at 45.2 percent. This is followed by New York at 45.1 percent, and then Florida at 42.4 percent. New Jersey follows that lineup at 36.4 percent and Indiana rounds out the top five at 36 percent.CoreLogic also provides a breakdown of the nation’s Core Based Statistical Areas (CBSAs) measured by population. They found that Detroit-Dearborn-Livonia, MI had the highest cash sales share at 53.4 percent, followed by West Palm Beach-Boca Raton-Delray Beach, FL at 52.3 percent, Philadelphia, PA at 52 percent, North Port-Sarasota-Bradenton, FL at 50.3 percent, and Cape Coral-Fort Myers, FL at 49.3 percent. The report also shows Syracuse, NY as having the lowest cash sales share at 13.7 percent. Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Share Save Previous: New FHA Changes Streamline Loss Mitigation Protocols Next: CFPB Arbitration Rule Faces Opposition Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Why Are Cash Sales Declining? August 25, 2016 1,494 Views Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Related Articles Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Subscribe Demand Propels Home Prices Upward 2 days agolast_img read more

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Top SFR Markets Ripe for Investors

first_img Previous: State Spotlight: Florida’s Supreme Court Ruling is a Win for Servicers Next: The Healthy Credit Market is Supported by a Drop in Mortgage Delinquencies The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Top SFR Markets Ripe for Investors ATTOM Data Solutions Realty Trac SFR Markets 2016-11-07 Scott Morgan Tagged with: ATTOM Data Solutions Realty Trac SFR Markets in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Scott Morgan Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Postcenter_img Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 7, 2016 1,346 Views Share Save Large institutional investors dominate most of the major markets for single-family rentals, but a new report from ATTOM Data Solutions shows that these investors haven’t found all the hidden gems yet.In its look at markets with high-yield potential, ATTOM found 28 that large investors have missed and that have, as a result, seen less drama in terms of escalating rents.  The list identifies only those counties where institutional investors (those entities purchasing at least 10 properties in a calendar year) account for less than 3 percent of all single-family purchases so far this year. These markets are also where the potential gross annual rental yields is at least 10 percent.For once, the list topped by Camden County, New Jersey, and Macomb County, Michigan, which houses Detroit, is not one involving crime. According to ATTOM, Camden County tops the list of potential single-family rental growth markets, with an almost 12-percent potential gross annual yield. Macomb is a close second, with a, 11.4 percent potential gross annual yield.Philadelphia County, Pennsylvania, across the river from Camden County, has a 10.1, as does Detroit neighbor Kent County. Ocean County, New Jersey, also has good potential, showing 10.4 percent possible annual gross.Ocean and Kent counties also made it to the top of ATTOM’s list of counties where institutional investors had the lowest share of purchases‒‒0.9 and 1.3 percent, respectively. Atlantic County, New Jersey, and Richmond City, Virginia, had 1.3 percent investor purchases, and Ulster County, New York had 1.5 percent.Philadelphia, however, had the highest percentage of investor purchases so far this year, with 3.6 percent. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Top SFR Markets Ripe for Investors Subscribelast_img read more

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Best Housing Bets for Vets

first_img 2018-06-13 Alison Rich The Best Markets For Residential Property Investors 2 days ago Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Demand Propels Home Prices Upward 2 days ago June 13, 2018 1,271 Views Best Housing Bets for Vets Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: National Mortgage Servicing Association Petitions FCC on TCPA Regs Next: Rental Investment: Teaming to Benefit the Bottom Line Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago  Print This Post About Author: Alison Rich Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Best Housing Bets for Vets Veterans gearing up to grab a nicely priced home might want to set their sights on Virginia Beach, Virginia, according to a recent Redfin report, which identified the most affordable U.S. metros for that cohort. In Virginia Beach, 38.1 percent of for-sale houses fall into the affordable category. Memphis marches in next at 36.3 percent, Indianapolis stakes out position No. 3 at 26 percent, and Louisville, Kentucky, nets the fourth most-affordable post with 25.3 percent of marketed abodes there at prices that are viable for vets, Redfin says.Sunny news aside, the study also uncovered a sobering statistic. Of the 600,000-plus residential properties currently listed for sale in the nation’s most populated metropolitan areas, a mere 8.9 percent are affordable for someone earning the local median veteran income. That’s down from 27.4 percent in 2012, the company reports. Since then, house prices have swelled by 55.3 percent in those metros. Veterans’ median incomes, by stark contrast, have grown by a scant 1.6 percent from 2012 to 2016. All of the analyzed markets posted a drop in their share of listings affordable to veterans in the past six years, Redfin notes.By the way, the least affordable market on Redfin’s list: San Jose, California, followed by Los Angeles, San Francisco, Denver, and Phoenix.As for female veterans, the housing situation is even more challenging for them, with just 6.2 percent of currently listed residences across the 45 metros selling at prices they can afford, compared to 9.1 percent for male vets.Historically, the affordability of VA loans has been a primary reason why the homeownership rate among vets has been higher than for the general populace, says Redfin Chief Economist Nela Richardson. That trend, however, might be doing an about-face, she notes.  “Homeownership among active-duty military declined significantly during the housing crisis and remains at historic lows. Veteran homebuyers are battling affordability as the fast pace, high prices, and low inventory in today’s market make it hard to compete with all-cash buyers,” Richardson said. “U.S. housing policy should continue to ensure that the people who serve our country also have the opportunity to invest in our country through homeownership.” in Daily Dose, Featured, Journal, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

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Gauging Defaults and Delinquencies

first_img Related Articles Gauging Defaults and Delinquencies Black Knight First Look Delinquency Rate Delinquent Mortgage Loans foreclosure rate 2019-01-23 Krista Franks Brock Share Save in Daily Dose, Featured, Foreclosure, Market Studies, News  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Servicers Navigate the Post-Pandemic World 2 days ago Mortgage delinquencies hit a year-end record low at the end of 2018 while the national foreclosure rate was the lowest rate recorded at year-end since 2005, according to Black Knight’s “First Look,” a precursor to its Mortgage Market Monitor, which will be released in early February.In December 3.9 percent of mortgages in the United States were delinquent—at least 30 days past due but not in foreclosure yet. Although this is up 4.71 percent from the month earlier, it is down a significant 17.55 percent from a year ago.The national foreclosure rate was a slight 0.52 percent in December. Like the delinquency rate this was higher than last month but lower than a year earlier. The foreclosure rate rose 1.19 percent over the month but had fallen 19.23 percent over the year in December.In total, 46,300 properties went into foreclosure over the month of December, up 2.43 percent from November and up 4.04 percent from the previous December.Black Knight attributed the uptick in foreclosure starts over the year in December to “suppressed foreclosure start volumes in late 2017 due to hurricane-related moratoriums.”The states with the greatest percentage of non-current loans, which includes both delinquent loans and those in the foreclosure process, were Mississippi (10.09 percent), Louisiana (8.13 percent), Alabama (6.95 percent), West Virginia (6.69 percent), and Arkansas (6.29 percent). Despite ranking highest for non-current loans, all of these states experienced declines in non-current loan rates over the year in December, and they remain below their previous peaks, according to Black Knight’s data.The states with the smallest percentage of non-current mortgage loans were North Dakota (2.46 percent), Idaho (2.32 percent), Washington (2.28 percent), Oregon (2.12 percent), and Colorado (1.90 percent).Florida experienced the greatest decline in non-current loans over the six-month period ending in December with a 12.37 percent decline. Florida’s non-current loan rate now stands at 4.94 percent, which is less than one-fifth its peak of 25.23 percent reached in January 2010.Following Florida in terms of declining non-current loan rates were Wyoming, Tennessee, Alaska, and Utah.The greatest increases in the percentage of non-current loans took place in the District of Columbia (20.96 percent), Nebraska (20.38 percent), Illinois (18.52 percent), Arkansas (11.15 percent), and North Carolina (10.53 percent). Despite these double-digit increases in non-current loans over the second half of 2018, the non-current loan rates in all of these states remain well below their former peaks reached between 2010 and 2012.Black Knight also noted that prepayments held steady at their 10-year low reached in November. Previous: Affordable Homes: What’s That? Next: Statute of Limitations: The Gift that Keeps on Giving The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Gauging Defaults and Delinquenciescenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Krista Franks Brock The Week Ahead: Nearing the Forbearance Exit 2 days ago January 23, 2019 1,733 Views Tagged with: Black Knight First Look Delinquency Rate Delinquent Mortgage Loans foreclosure rate Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

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Five Star Global and AM&AA Partnership: Positioned for Growth

first_img Ed Delgado Five Star Global Michael Nall The Alliance of Merger & Acquisition Advisors 2019-03-07 Donna Joseph  Print This Post Previous: Kraninger: “The Bureau Is Stronger at This Time” Next: Investing in the Zone Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Tagged with: Ed Delgado Five Star Global Michael Nall The Alliance of Merger & Acquisition Advisors Dallas-based Five Star Global—a national event, publishing, and marketing firm currently focused on the mortgage servicing industry—today announced a financial and working partnership with The Alliance of Merger & Acquisition Advisors (AM&AA), a provider of education and business-building opportunities for M&A middle market professionals. This partnership will serve as a cooperative endeavor to positively enhance future Alliance events, including the twice-annual conference, which serves thousands of private business investment, advisory, and transactional experts through expert education, advanced certifications, and unparalleled networking and deal-making opportunities. Five Star Global will assist with marketing, logistics, and operational support as AM&AA expands its position as the world’s foremost authority for private company mergers and acquisitions. “On behalf of the entire team, we are thrilled to join forces with Five Star Global,” said Michael Nall, CM&AA, Founder & Managing Director at AM&AA. “Through this growth partnership, we will continue to enhance and expand the education, networking, deal-making opportunities provided to highly qualified, independent professionals across the entire middle-market spectrum.” With over a decade and a half experience in event promotions and hosting, the Five Star Institute annually hosts over a dozen events for business professionals across the U.S. residential mortgage and real estate market. This includes the largest event in mortgage servicing, the annual Five Star Conference and Expo, hosted in Dallas, Texas. “We are excited to welcome AM&AA to the Five Star Global family of companies,” said Ed Delgado, President & CEO at Five Star Global, LLC. “Our partnership with this storied organization represents an opportunity for its dedicated membership to deepen their connections and expand their reach into additional opportunities. We look forward to continuing the more than 20-year tradition of excellence that has become synonymous, with the AM&AA brand.”   Five Star Global and AM&AA Partnership: Positioned for Growth Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Sign up for DS News Daily March 7, 2019 3,818 Views Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] About Author: Donna Joseph Home / Daily Dose / Five Star Global and AM&AA Partnership: Positioned for Growth The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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Single-Family Zoning’s Impact on Climate Change

first_img About Author: Radhika Ojha Previous: What’s Impacting Falling Sales? Next: New Bill Encourages Homeownership Counseling Tagged with: Bill 2001 Condominiums Home HOUSING Law Oregon Townhomes Bill 2001 Condominiums Home HOUSING Law Oregon Townhomes 2019-07-24 Radhika Ojha Single-Family Zoning’s Impact on Climate Change Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Single-Family Zoning’s Impact on Climate Change Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Subscribe The Best Markets For Residential Property Investors 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. in Daily Dose, Featured, Government, News The Oregon Legislature recently passed Bill 2001. This legislation requires cities with a population greater than 10,000 or within a metro to allow duplexes in lands zoned for single-family dwellings within the urban growth boundary.The bill, which is awaiting Gov. Kate Brown’s signature before it becomes a law, is also likely to combat climate change challenges, according to Steve Novick, the former Portland City Commissioner.”We know that when enough people live within walking distance of each other, a grocery store will spring up that they can all walk to instead of drive to. We know that when people live in smaller multifamily units with shared walks, they use less power for heating and cooling than people who live in single-family houses,” Novick told the Willamette Week.”In cities of more than 25,000 and within the Portland metro area, the bill would further legalize triplexes, fourplexes, attached townhomes, and cottage clusters on some lots in all “areas zoned for residential use,” where only single-detached houses are currently allowed,” Michael Andersen, Senior Researcher at the Sightline Institute wrote in the organization’s blog.Additionally, Andersen said that the bill would impact 2.8 Oregonians. “In cities of more than 25,000 and within the Portland metro area, the bill would further legalize triplexes, fourplexes, attached townhomes, and cottage clusters on some lots in all “areas zoned for residential use,” where only single-detached houses are currently allowed,” he wrote.The bill was introduced by House Speaker Tina Kotek in February this year with a view to allowing different opportunities in neighborhoods with different housing opportunities that are more affordable in increasingly expensive markets like Portland.However, the Willamette Week reported that the environmental and affordability benefits provided by this bill could be “blunted” as the bill also gives a provision that could ease pushing single-family zoning into the suburbs.”The amendments demanded by the Realtors are part of their effort to force expensive sprawl onto farm and forest land, to rig the land use system in ways that turn Portland into Houston,” Randy Tucker, a lobbyist for Metro told Willamette Week. “While Metro opposed these amendments, we continue to believe that smart reforms to the system, like HB 2001, can improve housing opportunity while protecting the farms, forests and clean water we all value about this place.” Demand Propels Home Prices Upward 2 days ago  Print This Post Related Articles The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago July 24, 2019 1,510 Views last_img read more

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Fannie and Freddie Lead Home Loan Risk Decline

first_img November 26, 2019 1,128 Views  Print This Post Demand Propels Home Prices Upward 2 days ago Fannie Mae Freddie Mac Risk 2019-11-26 Seth Welborn Tagged with: Fannie Mae Freddie Mac Risk Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit tightening increased in August, as the American Enterprise Institute’s (AEI) Composite National Mortgage Risk Index (NMRI) for purchase loans declined 0.3 percentage points year-over-year, the third month for this trend. This result has been led by Fannie and Freddie, but in August, FHA also declined 0.3 ppt year-over-year.AEI’s NMRI uses the 2007-08 financial crisis as the stress event, covering nearly all loans originated since September 2012 that have a government guarantee to track risk in the mortgage market.“Interestingly, credit tightened for first-time buyers but remained unchanged for repeat buyers, in a significant trend reversal,” AEI notes. “Credit has slightly tightened for the last three months. Time will tell whether this trend continues.”Additionally, while new single-family home sales dropped month-over-month in October, first-time buyers still made up a large chunk of agency purchase loans. New single-family home sales were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development, and according to AEI Housing Market Indicators report, first-time buyers (FTB) accounted for 56.8% of agency purchase loans.In its report, the AEI notes that though first-time buyers make up over half of all agency purchase loans, this number is down 1.1 percentage points year-over-year, with the largest declines coming from GSE and VA loans, indicating a pause in credit easing. First American has noted that the decline in the share of agency loans with a DTI greater than 43 has been most pronounced.In its report, AEI tracked the progress on housing finance reform under Treasury’s September 2019 report pursuant to the Presidential Memo from 2019. According to AEI, the FHFA should evaluate its “support for cash-out refinancings, investor loans, vacation home loans, [and] higher principal balance loans.”“The GSEs core mission should be to assist low and moderate income homebuyers in acquiring a primary residence,” AEI adds. “Starting today we will be tracking Housing Finance Reform from the GSEs’ perspective in regards to this core mission and progress being made on the steps outlined in the Treasury report.” Share Save The Best Markets For Residential Property Investors 2 days ago Fannie and Freddie Lead Home Loan Risk Decline Home / Daily Dose / Fannie and Freddie Lead Home Loan Risk Decline Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government, Market Studies, Newscenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Where Investors Should Show Caution Next: Reassuring News for Housing Investors The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

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Fannie Mae Announces 17th Sale of Reperforming Loans

first_img Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. 2020-09-11 Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago September 11, 2020 2,208 Views Demand Propels Home Prices Upward 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fannie Mae Announces 17th Sale of Reperforming Loans  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: 2 Million Forbearance Plans Set to Expire This Month Next: HUD Grants Almost $2 Billion for Eviction Protection Fannie Mae Announces 17th Sale of Reperforming Loans About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago For about a decade GSE Fannie Mae has been carrying delinquent mortgages that have started performing again (that is, payments on the mortgages have become current with or without the assistance of modification of loan terms). Fannie Mae packages and markets the reperforming loans to investors, usually through a money center bank.Fannie Mae last week began marketing its seventeenth sale of reperforming loans, the GSE said in a news release, “as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio.”The sale consists of approximately 19,800 loans, having an unpaid principal balance of approximately $2.8 billion, and is available for purchase by qualified bidders. Interested bidders can register on the Whole Loans Sales page.This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets, Inc. Bids are due October 6.Some of the reperforming loans may be up to 90 days delinquent. The terms of Fannie Mae’s reperforming loan sale require the buyer to offer loss mitigation options designed to be sustainable to any borrower who may re-default within five years following the closing of the reperforming loan sale.In addition, buyers must report on loss mitigation outcomes. Any reporting requirements cease once a loan has been current for twelve consecutive months after the closing of the reperforming loan sale.Interested bidders can register here for ongoing announcements, training, and other information. Fannie Mae will also post information about specific pools available for purchase on that page.Results from the 16th sale of such loans are reported here.last_img read more

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New-Home Construction in Areas at Risk of Wildfire

first_imgSubscribe  Print This Post Previous: Former Fannie Mae CEO James Johnson Dies at 76 Next: FHFA’s Calabria on Loan Extensions and New GSE Rule New-Home Construction in Areas at Risk of Wildfire October 19, 2020 2,596 Views Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles in Daily Dose, Featured, News About Author: Christina Hughes Babb Home / Daily Dose / New-Home Construction in Areas at Risk of Wildfire 2020-10-19 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago According to data related to wildfires, new homes continue to be constructed in high risk areas. Cape Analytics used artificial intelligence to analyze wide swaths of geospatial imagery to help insurers and other companies better understand properties and property risk, the company reported.”We wanted to explore exactly how much sprawl there has been in the West’s high-risk fire zones. From the standpoint of insurance and danger to human life, these homes and adjacent communities are especially risky,” Cape Analytics reported. “Quantifying the risk can help homeowners and agencies … take more proactive and focused measures to protect lives and property.”California leads the West when it comes to the most builds in high-risk areas, Cape Analytics reported.”Given that California is the most populous state in the country, we can expect a lot of new construction. When adjusting for population size, Utah leads the West by a significant margin in building homes in places with high fire risks.”Here are some of the numbers they uncovered—number of new homes built in the last decade in high-risk states:Oregon 216Montana 327Washington 489Idaho 690Nevada 1,065Arizona 1,273Colorado 1,956Utah 6,144California 10,222In its study, the company also accounted for the “size question.””We’ve adjusted by population, to see where states are building more homes in wildfire zones at the highest per capita rate (per 100,000 residents). After adjusting for population size, it becomesclear that Utah has the most home building activity in high fire risk zones in the West.” The per capita numbers are broken down here.To break it down even further, Cape Analytics looked at the cities with the most new homes built in high wildfire risk zones.Below, see cities in the analysis with highest number of new builds in fire zones:El Dorado Hills, California  1,415St. George, Utah 1,092Lake Elsinore, California 855San Bernadino, California 778Hurricane, Utah 670Murrieta, California 591Menifee, California 572Temecula, California 544Washington, Utah 511Eagle Mountain, Utah 473The rest of the study, along with methodology and further information can be found here in the complete document. Demand Propels Home Prices Upward 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 1 day ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Competitiion Authority allows acquisition of Donegal Creameries

first_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey RELATED ARTICLESMORE FROM AUTHOR Google+ Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleCouncil finally passes budget for 2012 after two days of negotiationsNext articleBuncrana Leisure Centre will stay open with €20,000 extra council funding News Highland Facebook By News Highland – January 11, 2012 Facebook WhatsApp Three factors driving Donegal housing market – Robinson WhatsAppcenter_img Pinterest Competitiion Authority allows acquisition of Donegal Creameries The Competition Authority has okayed the acquisition of Donegal Creameries’ milk and retail stores by Connacht Gold.In a statement the authority said it had taken account of the views of customers of both entities as well as the views of the Irish Farmers Association about the competitive impact of the acquisition on farmers in the northwest.Connacht Gold confirmed the €21 million deal on October 31st, which will see the Sligo co-op acquire most of Donegal Creameries’ businesses.Donegal Creameries said the company would focus on its seed potato and niche dairy products division, as well as maintaining its animal feeds business and its property investments. Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Newsx Adverts Twitter Guidelines for reopening of hospitality sector published Google+last_img read more

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