Foreclosure Inventory Plummets to Eight-Year Low

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, News About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Foreclosure Inventory Plummets to Eight-Year Low Servicers Navigate the Post-Pandemic World 2 days ago Previous: DS News Webcast: Monday 11/23/2015 Next: TRID Questions Answered Foreclosure Inventory Plummets to Eight-Year Low Servicers Navigate the Post-Pandemic World 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago As a further sign of housing metrics returning to their “normal” levels, the percentage of residential homes in the foreclosure process took tumbled down to their lowest level in eight years, according to Black Knight Financial Services’ First Look at Mortgage Data for October 2015 released on Monday.At the end of October, approximately 721,000 residential homes across the country were in the process of foreclosure, which was a decline of 16,000 month-over-month (2.3 percent) and 191,000 year-over-year (21 percent), according to Black Knight. It is the lowest rate for foreclosure inventory since December 2007, immediately prior to the onset of the housing crisis. The 721,000 homes in foreclosure represent about 1.43 percent of all residential mortgage loans in the country.Foreclosure starts, which have been up and down all year, dropped to 73,200—a decline of 8.4 percent from September to October and by 11.3 percent from October 2014 to October 2015. The news was also good for the delinquency rate, defined as the number of loans 30 days or more past due but not in foreclosure. The delinquency rate dropped by nearly 2 percent over the month and by 12 percent year-over-year in October down to 4.77 percent, covering about 2.4 million mortgage loans.When figuring in the mortgage loans that are in pre-sale foreclosure inventory, that number increased to 3.1 million, which is still down by over half a million (507,000) from the previous October, according to Black Knight.Serious delinquencies—properties 90 days or more overdue but not in foreclosure—fell down to 820,000 in October, a decline of 3,000 from September and from nearly a quarter of a million (249,000) from October 2014.Prepayment activity, which has historically been a good indicator of refinance activity, was at 1.09 percent in October, up slightly by 1.14 percent over the month and by 9.85 percent over the year. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Black Knight Financial Services Delinquencies First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Black Knight Financial Services Delinquencies First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts 2015-11-23 Brian Honea Share Save November 23, 2015 1,159 Views Subscribelast_img read more

SMC premieres “Freedom Bound”

first_imgMad River Theatre Works, a traveling company of actors, will debut “Freedom Bound,” an original play that explores the history of the Underground Railroad, tonight at Saint Mary’s. Richard Baxter, director of Special Events for the College, said he first heard of “Freedom Bound” from a friend who recommended the theatre company to him. “I had heard about Mad River Theatre productions from one of my colleagues and we had an opportunity to book the group on a return trip from a performance in Chicago,” he said. Baxter said the play tells the story of Addison White, a fugitive slave in the mid-19th century. Though White successfully escapes to the North, he is not free due to a Fugitive Slave law that stated a U.S. Marshal could recapture slaves and send them back South. When White’s owner took the case to court, it received national attention, Baxter said. Baxter said the the chance to bring “Freedom Bound” to Saint Mary’s was too enticing to resist. “The opportunity was too good to pass up,” he said. Though he had difficulties scheduling the performance time, Baxter said he is excited to introduce the Saint Mary’s community to this historical era. “I hope the audience will leave with a deeper appreciation for the role of the Underground Railroad in our region’s history,” he said. Baxter said he hopes “Freedom Bound” will be an enlightening experience for all involved. “Audience members may expect an outstanding performance from an award winning theatre company,” he said. “Freedom Bound” premieres tonight at 7:30 p.m. in O’Laughlin Auditorium at the Moreau Center for the Arts at Saint Mary’s. Tickets costs $8 with a student ID and $18 for the general public. Tickets may be purchased before the event, by visiting www.moreaucenter.com or by calling 574-284-4626.last_img read more

Akeler pre-lets Lisbon campus

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