Home >> Tag Archives: Foreclosures (page 2)

Tag Archives: Foreclosures

Existing Home Sales Dip After Surge

Existing home sales declined slightly in January 2018, according to the LegalShield Law Index, a collection of five indices tracking multiple key economic indicators published monthly by LegalShield, an ...

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Purchase Originations, Refis in Freefall

New data shows that mortgage originations are in freefall. While both purchase loan originations and refinances took a hit, refis saw the steepest drop, decreasing 34 percent over the first quarter of the year. Purchase originations dipped 21 percent over the same period. The average credit score of borrower is also on the decline, which could dampen the market if the trend keeps up.

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High Rate of Performing Loans Spells a Healthy Market

According to a new report, both 30-day delinquencies and 90-day delinquencies are down over the year, and foreclosure inventory has dropped. Only 5 percent of mortgages are 30 or more days delinquent, a dip from February 2016’s 5.5 percent. Loans 90 or more days delinquent are down too, falling from 2.8 percent to 2.2 percent year over year. The number of homes currently at some stage of the foreclosure process dropped from 1.1 percent to 0.8 percent.

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