Biggest Year-over-Year Drop in Number of Seriously Underwater Since Q2 2015; Share of Equity Rich Properties Increases to New High of 26 Percent IRVINE, Calif. — Nov. 16, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q3 2017 U.S. Home Equity & Underwater Report, which shows that at the end of the third quarter of 2017 there Continue Reading
Archives for November 2017
Is Peer-to-Peer Lending the New Subprime Mortgage?
A new report released by the Federal Reserve Bank of Cleveland examined peer-to-peer lending, finding that this market is a growing alternative for consumers. However, the Fed was concerned that this growing market does not have the same degree of regulation or supervision as traditional channels. The Fed went so far as to liken the increase in defaults that are occurring now in P2P lending to Continue Reading
Delinquencies up for Fannie Mae
Serious delinquencies on single-family properties are up for Fannie Mae, rising 1.01 percent in September alone. According to the government-sponsored enterprise’s September 2017 Monthly Report—released today—that’s the highest serious delinquency rate since May. Rates of serious delinquency have wavered since September 2016. Starting at 1.24 percent and, at one point, dropping as low as 0.99 Continue Reading
