Bank REO down 18% from one year ago

 · Rates for a 30-year, fixed-rate loan have jumped to about 5.5% from about 4.8% five weeks ago. That adds about 12% to monthly mortgage payments, almost as if the house increased that much in price.

Seattle’s 1.03% foreclosure rate put it at No. 57 on a list of 211 cities, up from its ranking of 97 a year ago. One in every 98 housing units received. foreclosure filing during those six months,

Fannie Mae to Charge Strategic Defaulters, for Everything Fannie Mae Increases Penalties for Borrowers Who Walk Away Seven-Year Lockout Policy for Strategic Defaulters Janis Smith 202-752-2078. WASHINGTON, DC – Fannie Mae (FNM/NYSE) announced today policy changes designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure.

Foreclosure Filings Decline but Signs of Renewed Activity. – Foreclosure filings slipped 2 percent between April and May and were down 33 percent from a year earlier, according to a new report released by ""Real

When compared to the same month one year ago, the May 2008 sales contrast sharply with the 940 closed escrows of May 2007, showing a 76% increase. In line with the recent MetroList conversion, a new statistic for the month of May shows over 65% of all closed escrows as bank-owned properties, with 1,084 out of 1,654 homes sold listed as "REO."

Commercial real estate mortgage loans (not including multifamily loans) grew $138 million, or 33 percent, to $551 million at December 31, 2016 from $413 million one year ago at December 31, 2015. The December 2016 quarter included $26 million of multifamily loan originations, down significantly from the previous quarters.

Moody’s tempers multifamily bubble fears “The fancy term is authoritarian kleptocracy,” Frum says in a long and enriching talk with Atlantic editor Scott Stossel last. President-elect Trump’s fear that any hint about election manipulation.

The value of commercial property sales in the GTA was down 42% year-over-year to $3.8 billion in the first three months of 2019. A new report from Urbanation shows that there were 18% fewer transactions (287) than a year ago with a drop of 24% quarter-over-quarter (Q4 2018: 348 transactions).

VRM Mortgage Services names new senior VP of operations support D.R. Horton’s homebuilding revenue grows 33% FHA mortgage insurance premiums won’t be going down in 2015 FHA to Reduce annual mortgage insurance premium (mip) in 2017. rising home values and mortgage rates have put the squeeze on home buyers lately, and have reduced mortgage loan application volume as well. Borrowers who use the fha loan program have another added cost, in the form of an annual mortgage insurance premium, or MIP.U.S. homebuilding was quite a. for the construction sector are expected to grow 33.4% in 2018 from the same period last year on 12.6% higher revenues. Among the industry bellwethers, Lennar and D.R.DBRS settles with SEC over misrepresenting mortgage bond rating capabilities SEC.gov | Mortgage-Backed Securities – Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity.Glassdoor has 40 vrm mortgage services reviews submitted anonymously by VRM mortgage services employees. read employee reviews and ratings on Glassdoor to decide if VRM Mortgage Services is right for you.

Pre-foreclosure sales outnumbered bank-owned sales in 13 states and the District of Columbia. – As a supplement to the report, RealtyTrac analyzed nationwide short sale transactions occurring on properties not yet in the foreclosure process and found that those increased 18% on a year-over-year basis for the period of January through May.

REO properties, which totaled roughly 30,000 in April, are still down 14 percent from a year ago. "The rise in bank repossessions in many states is a sign that those markets are working through the final remnants of foreclosures left over from the recent housing.

D.R. Horton’s homebuilding revenue grows 33% FHA mortgage insurance premiums won’t be going down in 2015 FHA to Reduce Annual mortgage insurance premium (mip) in 2017. rising home values and mortgage rates have put the squeeze on home buyers lately, and have reduced mortgage loan application volume as well. Borrowers who use the FHA loan program have another added cost, in the form of an annual mortgage insurance premium, or MIP.U.S. homebuilding was quite a. for the construction sector are expected to grow 33.4% in 2018 from the same period last year on 12.6% higher revenues. Among the industry bellwethers, Lennar and D.R.

Black Knight is reporting that after rising sharply in September, mortgage delinquencies fell by 8.2% in October and are now down by nearly 18% year-over-year. Their October "first look" report also says serious delinquencies (90 or more days past due) have hit a 12-year low and are down 90k from one year ago.

Mortgage servicers bypass foreclosure delays with more short sales “Changes to loss mitigation guidelines and updated servicing rules and regulations created new complexity and compliance requirements, which led to delays. incentives for more voluntary liquidation.