2.5 million homes in foreclosure, shadow inventory rising: John Burns

 · The Six Million 25-34 Year-Olds Still Living at Home There is a tremendous opportunity in this demographic and we believe that this opportunity will make itself available in the near future. The Opportunity: John Burns Consulting , in their newsletter this past December reported that there are nearly six million young adults between the ages of 25-34 living at home with their parents.

The Loan Modification programs were certainly successful in delaying the inevitable – foreclosure. As shown in the chart below, there are now approximately 2.5 million foreclosures in process, and another 2.5 million mortgages that are 90+ days delinquent. These numbers.

If you look at the numbers alone, the tax cut deal looks to have robbed Republicans blind. The GOP got around $95 billion in tax cuts for wealthy Americans and $30 billion in estate tax cuts..

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Zelman & Associates put its estimate of shadow inventory that exceeds the typical level at around 2.9 million properties. Shadow inventory, however, is falling more slowly than expected, according to estimates from Zelman, because banks have been taking longer to process foreclosures and less successful at completing loan modifications.

The “No” vote, which occurred Thursday, is likely to be a blow to Janssen Pharmaceuticals, the drug’s maker, and its parent, Johnson & Johnson, which hopes Spravato will be a $600 million blockbuster.

Wilbur Ross’s mortgage company faces servicing suits The company focuses upon a “high touch” servicing program. The objective is to reach non-conforming mortgage home owners. PennyMac Mortgage staff attempt to establish a loan modification and.

He has not completely soured on the housing market and estimates that existing home sales will finish 2018 at a pace of 5.345 million-a decrease from the 5.51 in 2017. In 2019, sales are forecasted to increase to 5.4 million, a 1 percent increase, but still below 2017 levels.

More than 40,000 homes is a lot, but given that approximately 4.1 million single-family homes traded hands last year, it would mean that the rise of the private-equity landlord is still a relatively small phenomenon-about 1% of all sales in a market still dominated.

About 2 million properties were in foreclosure in 2008, and he expects this number to climb to 2.5 million this year. The foreclosure floodgates are expected to swing wider in the second half of.

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Jefferies raises Nationstar Mortgage to a ‘buy’ rating I’d note that the sell side is also gushing over this name, with 19 of 20 analysts rating this one a buy (and many have been dead right. is the origination and servicing business of Nationstar.