DS News

DS News

Consumer Attitudes Toward Housing Improve Amid Positive Jobs Report

By Brian Honea While job growth continues to push meaningful income growth, the outlook for housing market growth is also improving, the GSE says. Of those surveyed, the share of respondents who say home prices will go up in the next 12 months increased to 49 percent, while the share who say home prices will go down dropped to 6 …

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Counsel’s Corner: Maryland’s Foreclosure Process Will Remain As Is For Foreseeable Future

By Brian Honea Counsel’s Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Ron Deutsch of Maryland-based Cohn, Goldberg & Deutsch. The post Counsel’s Corner: Maryland’s Foreclosure Process Will Remain As Is For Foreseeable Future appeared first on DSNews. …

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Distressed Sales Share Continues Year-Over-Year Decline, Falls to 12.1 Percent

By Brian Honea March’s distressed sales share was the lowest percentage for any March since 2007. According to CoreLogic, distressed sales usually experience a month-over-month decline in March due to seasonality; this past March, the distressed sales share fell by 1.9 percentage points from February. According to CoreLogic, 8.4 of home sales were REO (real estate-owned) transactions in March 2015, …

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Retention Actions Down Overall, But Up As Share of Serious Delinquencies

By Brian Honea In Q1 2015, Black Knight found that about 15 percent of seriously delinquent mortgage loans participated in a home retention program each month, while nearly 20 percent of serious delinquent borrowers were actively in an active trial mod or repayment plan at the end of April. Home retention actions included permanent proprietary mods and permanent mods through …

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DS News Webcast: Monday 6/8/2015

By Jordan Funderburk Nearly 62 percent of the approximately 952,000 homeowners who are 90 days delinquent on their mortgage loans but not in foreclosure have been through a home retention program such as a trial or permanent loan modification or a repayment plan, according to Black Knight Financial Services’ April 2015 Mortgage Monitor released today. While home retention actions … …

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Retention Actions Down Overall, But Up As Share of Serious Delinquencies

By Brian Honea In Q1 2015, Black Knight found that about 15 percent of seriously delinquent mortgage loans participated in a home retention program each month, while nearly 20 percent of serious delinquent borrowers were actively in an active trial mod or repayment plan at the end of April. Home retention actions included permanent proprietary mods and permanent mods through …

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New HUD Website Offers Free Online Housing Counselor Training

By Brian Honea The U.S. Department of Housing and Urban Development (HUD) has announced the launch of a new website, hudhousingcounselors.com, that is designed specifically for HUD-approved housing counseling agencies, according to an announcement on HUD’s website. The post New HUD Website Offers Free Online Housing Counselor Training appeared first on DSNews. Via:: New HUD Website Offers Free Online Housing …

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Data Shows April Was Prosperous For Housing

By Brian Honea In the NAHB’s Eye on Housing blog, Crowe cited a number of positive housing statistics that indicate that April was a prosperous month for the industry in spite of the U.S. economy contracting at an annualized rate of minus 7 percent in Q1. The lack of economic growth in Q1 did nothing to damper economists’ predictions about …

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