The Week Ahead: Insight Into Mortgage Performance

vagwindm

first_img Previous: Opportunities in Collateral Risk Management Next: Gen Z: Past Recession Not Impacting Current Credit Activity Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / The Week Ahead: Insight Into Mortgage Performance January 31, 2020 1,360 Views The Week Ahead: Insight Into Mortgage Performance Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. On Monday, Black Knight will be releasing its latest Mortgage Monitor report, featuring mortgage price and performance data from December 2019. According to Black Knight’s First Look at December 2019 data, Southern states including Mississippi, Louisiana, Alabama, and Arkansas held some of the largest volumes of non-current loans in the country. As of December 2019, Mississippi holds the highest volume at 9.99%, though this is a month-over-month decline from November’s 10.44%, and a 0.93% decline year-over-year.All top five states in non-current percentages have seen marked declines over the year, with the biggest decline in Louisiana, where the non-current percentage fell by 6.81% from December 2018.The lowest non-current percentages, meanwhile, remain concentrated on and around the East Coast, with Colorado still holding the lowest rate at 1.74%, down from November’s rate of 1.81%. Behind Colorado falls Washington (1.77%), Oregon (1.84%), Idaho (1.91%), and California (2.01%).As non-current loans have fallen across the country, default notices, scheduled auctions and bank repossessions as foreclosure filings fell too. According to the Year-End 2019 U.S. Foreclosure Market Report from ATTOM Data Solutions, foreclosure actions were down 21% from 2018 and down 83% from a peak of nearly 2.9 million in 2010.Here’s what else is happening in The Week Ahead:Primary Mortgage Market Survey (Feb. 6)Construction Spending (Feb. 3)Unemployment Rates (Feb. 7) Tagged with: default mortgage Prices Salescenter_img  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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 default mortgage Prices Sales 2020-01-31 Seth Welborn Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Subscribelast_img read more