Mortgage Delinquency Rate Declines for 12th Straight Quarter

first_imgHome / Daily Dose / Mortgage Delinquency Rate Declines for 12th Straight Quarter Delinquent Mortgages Mortgage Delinquency Rate TransUnion 2015-02-18 Brian Honea Sign up for DS News Daily Related Articles The Best Markets For Residential Property Investors 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Delinquent Mortgages Mortgage Delinquency Rate TransUnion Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The nation’s mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according to TransUnion’s latest mortgage report released Wednesday.Q4 was the 12th straight quarter in which the mortgage delinquency rate declined, according to TransUnion.”The mortgage delinquency rate continues to be well controlled as it slowly recedes to pre-recession levels, driven primarily by the ongoing clearance of the foreclosure backlog. More recent vintages have been performing exceptionally well,” said Ezra Becker, vice president of research and consulting in TransUnion’s financial services business unit. “A bigger story this past quarter is the continued rise in mortgage balances. Much of this gain can be attributed to those consumers who took advantage of a low interest rate environment to purchase homes with jumbo mortgage loans. The share of these loans amongst all mortgage originations increased by 8% in Q3 2014 from 6.8% in Q3 2013 and 5.8% in Q3 2012.”Miami experienced the largest year-over-year decline in delinquency rate among metro areas with a drop from 10.4 percent in Q4 2013 down to 7.18 percent in Q4 2014 (a decline of 30.9 percent). Two more major metro areas that experienced year-over-year double digit declines in delinquency rate in Q4 were Los Angeles (from 3.06 percent to 2.4 percent, a 21.5 percent decline) and Boston (from 3.08 percent down to 2.69 percent, a decline of 12.8 percent).”These are significant data points, because they show that mortgage delinquency rates continue to drop across the country—both in those markets with elevated delinquencies and in those that have already experienced major drops,” Becker said.The age group that saw the largest year-over-year decline in mortgage delinquency rate in Q4 was the age 30 and under group, which saw a 2.92 percent rate in Q4 2013 fall down to 2.21 percent in Q4 2014, a drop of 24.3 percent. But while delinquency rates dropped year-over-year for all age groups, debt levels increased. The under-30 group of consumers saw a the largest debt-to-borrower increase, from $149,778 in Q4 2013 up to $151,692 in Q4 2014, according to TransUnion.There were 53.2 million mortgage accounts nationwide as of the end of Q4 2014, according to TransUnion – a slight increase from 52.9 million in the same quarter in 2013. However, Q4 2014’s total was more than six million fewer than the same quarter in 2009 (59.6 million). Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Mortgage Delinquency Rate Declines for 12th Straight Quarter Demand Propels Home Prices Upward 2 days ago Subscribe Previous: Bank of America Provides Nearly $9 Million in Consumer Relief Toward Settlement Obligation Next: Freddie Mac to Announce Q4, Full Year 2014 Financial Results Thursday Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save About Author: Brian Honea February 18, 2015 1,200 Views last_img read more

Elmont Home Invasion Try Thwarted by Victim

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An Elmont man thwarted an armed home invasion by holding his front door closed as a pair of masked gunmen tried to break it down on Friday morning, Nassau County police said.The 54-year-old victim was asleep in his Kirkman Avenue home when he was awakened by his front doorbell ringing, then  heard a loud bang and someone trying to break in as he went to answer the door at 6:16 a.m., police said.“The victim held the door shut while one of the subjects’ threatens the use of a weapon,” police said in a news release.The victim screamed and the two men, one of whom was armed with a rifle, fled the scene toward Meacham Avenue in a silver Honda driven by a third man.The two suspects were described as black men between 17 and 20 years old who were wearing dark masks, dark colored sweatshirts and blue jeans.  The victim was not injured.The case comes as there have been 11 armed home invasions in a recent four-week span in neighboring Suffolk County.Fourth Squad detectives ask anyone with information regarding this crime to contact Crime Stoppers at 1-800-244-TIPS.  All callers will remain anonymous.last_img read more

August 14 2017 Lastly we covered Ron Chandler he

first_imgAugust 14, 2017Lastly we covered Ron Chandler helping to excavate the flooring to install plumbing. Here, Scott Riley, Ivan Severi, and Fernanda Ayala Torres finalize the pipes installed below the level of the flooring. (Text by Shannon Mackenzie and photos by Sue Kirsch)Julie Quinn and Rachel Holderbach help fill concrete over the excavations and finished plumbing.Eli McAlister prepares a piece of the metal frame that will hold up the drywall.Here Ivan and Eli stand in front of a partially finished drywall frame while Fernanda measures another segment to be installed.Our famous electrical engineer, Dr. Sparks teaches workshop participants and the construction crew necessary information around the electrical panel.Fernanda stayed after her workshop and worked closely with Dr. Sparks on the electrical needs of the East Housing unit. Here she holds the excess wiring that will hide within a future wall in the kitchen.More to come.last_img read more