Foreclosure activity is at the lowest level in over a decade

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This is the reason foreclosure activity has plummeted to very low levels. Contrary to the trend nationwide, the foreclosure activity in Q3 of 2017 was over pre-recession averages in 94 of 217 (43%) of metropolitan areas evaluated in the report, which included cities like Baltimore, New York, Washington, D.C, Virginia Beach and Philadelphia

Delinquency rate hits record low, foreclosures keep falling Mortgage Delinquencies Continue to Fall, Hit 10-Year Low July 3, 2017 By CHamler Hitting the lowest level since January 2000 is the early-stage delinquency rate, now at 1.7 percent.

Average time to foreclose drops to two-year low. Properties foreclosed in Q3 2018 had been in the foreclosure process an average of 713 days, down from 720 days in the previous quarter and down from 899 days in Q3 2017 to the lowest level since Q2 2016 – a two-year low.

ATTOM Data Solutions also recorded a total of 74,341 residential properties with foreclosure filings in March, a 21 percent spike from the all-time low set in February, but also 11 percent lower than a year ago. March marked the 30th consecutive month with a year-over-year decrease in foreclosure activity.

Refinancing activity plunges to the lowest level since 2000. On its way to 5% and higher: The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 4.84% for the week ending September 7, 2018, the Mortgage Bankers Association (MBA) reported this morning.

The number of California homes going into foreclosure dropped during the fourth quarter of 2010 to its lowest level in more than three years. According to San Diego-based DataQuick, 69,799 Notices.

The August 2018 foreclosure inventory rate tied with the April, May, June and July rates this year as the lowest for any month since September. this report represents foreclosure and delinquency.

Calif. Foreclosures Reach Highest Levels in Over a Decade – Last quarter’s default level was the highest since 54,045 NoDs were recorded statewide in fourth-quarter 1996. Defaults peaked in first-quarter 1996 at 61,541. A low of 12,417 was reached in third.

Digital Mortgage Fintech Rate Morgan Stanley is developing a new digital mortgage application tool in a bid to get more of its existing clients to turn to it for home loans, its wealth management technology head said on Tuesday.

Meanwhile, lenders repossessed 291,579 properties through foreclosure during the year, a decrease of 23% from 2016 to the lowest level since 2006, an 11-year low.

U.S. real estate trends uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.

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U.S. Foreclosure Activity Drops To 10-Year Low.. Market Report shows foreclosure filings down 14 percent from 2015 to the lowest level since 2006. Foreclosure. down 17 percent from a year ago – the 15 th consecutive month with a year-over-year decrease in foreclosure activity.

US foreclosures drop to lowest level since 2005, but in Florida they are rising – Lenders initiated foreclosures on 0.47 percent of American homes last year, 0.4 percentage point decline from 2017 and a 13-year low. Foreclosure activity rose sharply in New York City in 2017,

Impac’s shift to non-QM helps to reduce fourth-quarter loss Impac’s shift to non-QM helps to reduce fourth-quarter loss. Impac Mortgage Holdings saw its shift to predominantly originate non-qualified mortgage loans reduce its fourth-quarter gaap net loss along with increasing its gain-on-sale margins.

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