The national foreclosure inventory fell again in September, declining by 24.3%. "As we head into 2016, based on almost every major metric, the fundamentals underpinning the housing market are healthier than any time since 2007," said Anand Nallathambi, president and CEO of CoreLogic.
Freddie selected the winning bidder “on the basis of economics” from a pool of 22 prospective buyers that took part in the auction. When contacted, Freddie declined to identify the winner of the auction.
The housing market is starting to look similar to pre-crisis levels. The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 6.96% in the second quarter, the Mortgage Bankers Association said.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More