The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.


June foreclosure starts plummet to lowest level in nearly 2 decades

Foreclosure inventory hits post-recession low

Foreclosure starts just plummeted in June to their lowest level in 17 years, according to the latest report from Black Knight.

Foreclosure starts dropped 3.1% from May to June to the lowest single-month total in more than 17 years, according to the report.

The inventory of mortgages in active foreclosure dove 30% from last June, according to the report. This brought active foreclosures down by 119,000 loans to below 300,000 for the first time in nearly 12 years.

However, despite these decreases in foreclosures, Black Knight’s data also shows delinquencies, mortgages that are 30 days or more past due, inched up 2.71% in June, but remained 1.6% below last year’s levels. This brought total delinquencies to 3.74% of all homes with a mortage in June.

But most of these increases were in early delinquencies, as mortgages that were 90 days or more past due sank to an all-new post-recession low of 548,000 after spiking due to the hurricanes.

Prepayment activity also increased in June as home sales reached their typical early-summer peak.

The top five states by non-current percentage in June included Mississippi with 9.7%, Louisiana with 7.64%, Alabama with 6.71%, West Virginia with 6.65% and Maine with 5.96%. But even these levels, up significantly from the national average, are down from peak levels that even surpassed 30% in some states.

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