Delinquency Rate Experiences Largest Year-Over-Year Decline in Four Years

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: CFPB and Justice Department Fine Hudson City Bank $27 Million for Redlining Next: DS News Webcast: Friday 9/25/2015 About Author: Brian Honea in Daily Dose, Featured, Foreclosure, News Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Despite seeing a slight month-over-month increase, the national delinquency rate on residential single-family homes experienced its largest decline in nearly four years, according to Black Knight Financial Services’ “First Look” at Mortgage Data for August 2015 released Friday.The delinquency rate, which includes residential homes that are 30 days or more overdue on mortgage payments but not in foreclosure, tumbled by 18 percent year-over-year in August down to 4.83 percent, the largest over-the-year decline since May 2011, according to Black Knight. This occurred despite a 2.5 percent uptick over-the-month in the delinquency rate for August 2015.That 4.83 percent of properties in delinquency calculates to about 2.45 million mortgages nationwide, and the over-the-year decline represents about 548,000 properties. Non-current inventory, which includes all properties with loans 30 days or more overdue or in foreclosure, was down by 766,000 year-over-year in August, down to 3.14 million properties. All 50 states saw improvements in their non-current inventory over the previous six months, led by Florida with 18 percent. Wyoming, which already had one of the nation’s lowest non-current inventory rate, saw a 0.7 percent improvement, according to Black Knight.The number of residential mortgage loans in some state of foreclosure as of the end of August 2015 (696,000) was the lowest total since November 2007, according to Black Knight. This represented about 1.37 percent of the residential mortgage market, a decline of nearly 24 percent from August 2014.Foreclosure starts rose by 7 percent over-the-month in August up to 80,500, driven by an increase in repeat foreclosures (borrowers who were in active foreclosure, then shifted back to either current or delinquent status, then returned to being in active foreclosure).Click here to see the complete First Look report for August 2015. The month-end mortgage statistics presented (as of August 31, 2015) are derived from Black Knight’s loan-level database representing approximately two-thirds of the nationwide mortgage market. Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles Sign up for DS News Daily center_img Demand Propels Home Prices Upward 2 days ago Tagged with: August 2015 First Look at Mortgage Data Black Knight Financial Services Delinquency Rate Foreclosure Starts August 2015 First Look at Mortgage Data Black Knight Financial Services Delinquency Rate Foreclosure Starts 2015-09-25 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago September 25, 2015 1,411 Views Delinquency Rate Experiences Largest Year-Over-Year Decline in Four Years The Best Markets For Residential Property Investors 2 days ago Subscribe Home / Daily Dose / Delinquency Rate Experiences Largest Year-Over-Year Decline in Four Years The Best Markets For Residential Property Investors 2 days agolast_img read more

Rangers Declared Winner of Match-day 12 Clash with Giwa

first_imgPart of the decision read, “an order that the match which lasted 74 minutes shall count as a completed fixture, i.e the goals so far recorded (0-1) shall be the final scores; this is pursuant to Rule B13.55 which states that “the LMC may order a league match which for whatever reasons lasts for less than 90 minutes to count as a completed fixture or to be replayed”.The Nigeria Football Federation (NFF) had on Monday upheld the decisions of (LMC) which has in a summary jurisdiction exercise ordered that the match be completed in Abuja from the 74th minute at which it was disrupted by Supporters of Giwa FC in Jos.Giwa FC has a further 48 hours to accept this decision in writing or elect to appear before a commissionShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram *Jos-based Giwa fined N3.65m for inconclusive gameRangers International of Enugu has been declared winner of the abandoned Match Day 12 fixture against Giwa FC as the Jos-based side failed to show up for the ordered completion of the match at the Abuja National Stadium on Wednesday.Rangers led 1-0 in Jos before the match was abandoned and the LMC relied on Rule B13.55 to declare Rangers winner with three points and one goal.The League Management Company (LMC) has also ordered Giwa FC to pay fines for breach of Rule B13.25 of the Framework and Rules for failing to honour a fixture obligation without acceptable reason.The fines include the sum of N2, 000, 000, another N650, 000 to offset the Match Officials expenses and N1, 000, 000 to offset the expenses of Rangers International.last_img read more

Liverpool Beats Porto to Return to Champions League Semis

first_imgPORTO, Portugal — Liverpool returned to the semifinals of the Champions League after comfortably beating Porto 4-1 on Wednesday, with attacking trio Sadio Mane, Mohamed Salah and Roberto Firmino grabbing a goal each.Virgil van Dijk also scored for Liverpool, which advanced 6-1 on aggregate after winning the first leg 2-0 at home.Porto started well and showed signs it might be able to reverse the first-leg deficit, but Liverpool took control after Mane scored a goal in the 26th minute that was confirmed by video review after being initially disallowed for offside.Salah added to the lead in the 65th and Eder Militao scored for Porto in the 69th, but Firmino ended any doubts in the 77th and Van Dijk closed the scoring in the 84th.Liverpool, which lost in the final last season, will now face Barcelona, which eliminated Manchester United 4-0 on aggregate on Tuesday.TweetPinShare0 Shareslast_img read more