Jobless claims fall but spike in energy sector claims signals problems Initial claims for unemployment moved back toward their moving average. california saw a huge increase in jobless claims of nearly 27,000, with layoffs coming from across all industries but with the service sector providing the biggest number. florida saw an increase of nearly 4,000, with layoffs from a number of industries, including agriculture,
Mortgage delinquency rates have declined almost every quarter since their peak of 7.21% in Q1 2010. We forecast this trend to continue in 2018 as serious mortgage delinquency rates reach the lowest level observed since 2005. Although rising interest rates are affecting refinancing, they are not hurting the overall mortgage market.
Bankrupt Detroit may soon face delayed foreclosure process TD Bank drives growth with portfolio-based lending RBC books 9% loan growth, at TD up 3%; Provisions jump at RBC, TD, weigh on shares; RBC shares down over 2%, TD trims early gains. Loan growth drives profit beat at Royal Bank of Canada, TD.To be clear, the average response time for priority one calls is far better today than it was when the city declared bankruptcy in 2013, when response times averaged between 30 and 40 minutes. Shortly.
TransUnion Predicts Auto Loan Lending and Delinquency Rise in 2014 According to a TransUnion report, 2014 will be a year of increases in both auto loan lending and payment delinquencies. The average automotive debt per borrower is expected to increase from a 2013 figure of $16,942 to a 2014 figure of $17,966.
Among other findings, TransUnion reported that total auto loan balances grew to $1.12 trillion, about $7 billion higher than the first quarter a year ago. The average balance per customer grew by 1.8% to $18,386, and the delinquency rate jumped from 1.16% to 1.3% year over year.
The mortgage delinquency rate declined more than 14% in the last year, down from 3.84% in Q4 2013. Average mortgage balances per consumer increased to $187,139 in Q4 2014.
Credit analytics firm TransUnion projects that the national mortgage delinquency rate will decline from 3.94% to 3.75% by the end of 2014, according to a report released Thursday.
RealScout raises $6 million for superior real estate searches Multifamily development picks up despite falling demand Homebuilders in the Twin Cities metro had their sleepiest March in four years with single-family and multifamily construction falling sharply. and we expect homebuilding activity to pick up in the.Federal Realty: Don’t Let A 3% Dividend Yield Fool You, Dividend Growth Is Coming – The success of a mixed-used property largely depends on its location, however, as is the case with all real estate. the company raises its dividend to an 84% payout even without any FFO growth, the.
. factors to continue reducing the mortgage delinquency rate throughout 2013, the recent and sizable increase in mortgage interest rates may eventually slow the progress,” he added. Looking ahead,
CHICAGO, IL–(Marketwire – 02/16/11) – TransUnion’s quarterly analysis of trends in the mortgage industry found that the national mortgage loan delinquency rate (the ratio of borrowers 60 or more.
CHICAGO, IL, Aug 20, 2014 (Marketwired via COMTEX) — The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) declined for the 10th consecutive quarter.
Monday Morning Cup of Coffee: Low-down loans coming back Freddie Mac speeds up availability of streamlined loan mods loanDepot hires new tech team Real estate technology company housecanary has hired Jeff Somers as president and chief operating officer. Somers brings his extensive experience in the tech sector to the team, having worked previously at Insureon, Ticketmaster, eBay, Microsoft, Zillow and Amazon.Obama: “All-star” Julin Castro to lead HUD RealtyTrac: 2Q foreclosure activity rises as some states see reboot Rushmore Loan management receives gse approvals Why did residential sales decline for fourth month straight? Sales of new and existing homes have been slumping for four straight months. How much has the market cooled? Commerce figures show that new home sales are down more than 13 percent compared to last fall. Back then.Complaint against Rushmore Loan Management Services, LLC. I feel this bank is in business to force people to lose their home.. Rushmore sent you a letter advising that we could not offer you a loan modification because we did not receive a complete Application more than 37 days before the foreclosure2018 HW Tech100 Winner: LoanLogics 1 in 5 mortgages drowning Drowning in Debt . . . Underwater Mortgages – For a more detailed look at this phenomenon, and for a bit of a chuckle, here is a list of the top 15 states in our union for underwater mortgages. 1. Nevada: 69.9% of all mortgages 2. Arizona: 51.3% of all mortgages 3. Floria: 47.8% of all mortgages 4. Michigan: 38.5% of all mortgages 5. california: 35.1% of all mortgages 6. georgia: 27.8% of.LoanLogics provides solutions to lenders, servicers, insurers, and investors that want to improve the loan quality, performance, and reliability during the loan lifecycle. The loanhd loan quality management platform provides real-time, highly automated mortgage quality control, reducing costs and potentially doubling productivity when compared to manual internal audits or other third party audit.