Despite a rise in the mortgage delinquency rate in the fourth quarter of 2016, the slight uptick follows a record-low third-quarter report. Marina Walsh, the Mortgage Bankers Association’s vice president of industry analysis, explains the mixed set of results in the most recent survey.
The long, steady recovery from the housing crisis and the recession that followed is nearly over, with the consumer lending market expected to recover completely in 2016, according to a new report from Transunion.
The mortgage delinquency rate broke a five-year record, and for the eighth consecutive quarter, it dropped below 4%. But at the same time, mortgage delinquencies continue to be twice as high as levels observed prior to the housing bubble.
The housing market continued to heal as the national mortgage delinquency rate plummeted 4.09% in the third quarter, a drop of more than 23.3% when compared to the same time period last year, TransUnion said.
The first thing you notice about New American Funding's Rick and Patty Arvielo is how much they like each other. That might seem like a foregone conclusion when you meet a married couple, but when that couple also runs an incredibly successful business together, I imagine it could get complicated. Read on to find out more about how this successful couple manages their life, and business, together.
For the first time since 1981, our industry is experiencing a rising interest rate environment. Some people may assume that the current market shift means their business will take a downward turn from which they will never recover. I don’t buy it. The way I see it, challenging times force us to refine our processes and practices.