3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

Stewart Information Services 1Q earnings suffer from mortgage reductions

Posts net loss of $12.1 million

New home sales plummet 14.5% in March

Spring buying season off with a whimper
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Items Tagged with 'Foreclosures'

ARTICLES

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
April 23, 2014
A handful of new reports on California reveal the real story of what's going on in the Golden State, and while there is good news, the state will still have to overcome several obstacles.
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Foreclosure sales drop to lowest level since 2007

Loan modifications remain steady
April 11, 2014
February’s foreclosure sales and starts dropped significantly from January’s totals to a level not seen since 2007. Those figures marked the lowest since HOPE NOW began recording data in 2007.
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Foreclosure activity at lowest level since 2Q 2007

Foreclosures up 4% from February but down 23% since March 2013
April 10, 2014
March foreclosures were up 4% from February but still down 23% compared to March 2013, according to RealtyTrac’s latest report.
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White House pleased with HAMP, housing efforts

Grades self on a bit of a curve
April 4, 2014
The March edition of the Obama Administration's housing scorecard grades itself pretty highly despite some key indicators that should raise concern.
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Foreclosures slow but nearly 2M homes in serious delinquency

Pace nearing pre-2008 levels
April 3, 2014
CoreLogic’s new national foreclosure report shows there were 43,000 completed foreclosures in the United States in February 2014, down from 51,000 in February 2013. But what does this mean for the shadow inventory?
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Did the foreclosure rate really get cut in half?

Yes, according to OCC data
March 27, 2014
The percentage of early stage delinquencies, 30 days+ overdue, is 2.6%, down 8.7% from a year ago and the lowest level at year-end since reporting began in January 2008. But the really big changes concern foreclosures.
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Monday Morning Cup of Coffee: Foreclosures down 500K from last year

Non-current loans down by almost 1 million
March 24, 2014
Foreclosures and non-current loans are both sharply down from this time last year, according to Black Knight's "first look" at February numbers.
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CFPB targets "zombie" foreclosures

Borrowers don't realize they still own their homes
March 14, 2014
The Consumer Financial Protection Bureau is probing "zombie" foreclosures, a phenomenon first revealed by Reuters last year, article claims.
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Michigan attorneys face sanction for frivolous foreclosure delays

Appellate court awards taxable costs to lender
March 13, 2014
Attorneys in Michigan who file what are ruled frivolous complaints or requests for delays in foreclosure or eviction cases can be sanctioned.
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California home sales continue to drop

Home price appreciation hits second year
March 13, 2014
Short sales made up an estimated 9.6% of the homes that resold last month. That was down from an estimated 10.9% the month before and 22.4% a year earlier.
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