The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

LPS: Mortgage delinquencies down 10%

Pipeline of distressed properties stands at 4.465M

Mortgage delinquencies and foreclosures continue to plummet across the nation, with the U.S. loan delinquency rate hitting 6.20% in August, down 10% from last year and 3.31% from a month earlier, Lender Processing Services said in its latest First Look mortgage report.

The report utilizes loan-level data from LPS’ large database of mortgages, which covers roughly 70% of the mortgage market.

Meanwhile, the foreclosure inventory rate fell 34% year-over-year, and now stands at 2.66% — it’s lowest point in four and a half years. 

In just one month's time, the foreclosure presale inventory rate fell 5.74%.

The number of properties with mortgages 30 or more days past due reached 3.124 million in August, while the number of homes 90 days or more late on their mortgages stands at 1.288 million.

The entire pipeline of delinquent homes – or properties in foreclosure – is at 4.465 million.

States with the highest percentage of non-current homes include Florida, Mississippi, New Jersey, New York and Maine. Those with the lowest percentage were Montana, Colorado, Wyoming, South Dakota and North Dakota.

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3d rendering of a row of luxury townhouses along a street

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