Although they did see a small uptick as last year ended, first mortgage default rates remained flat year-over-year, according to the S&P/Experian Consumer Credit Default Indices covering data up through January. According to the S&P/Experian Consumer Credit Default Indices released on Tuesday, the default rate for first mortgages inched higher between December 2017 and January 2018, Continue Reading
Archives for February 2018
Seriously underwater homes dropped by 0.8 percent in 2017
Attom Data Solutions today released its 2017 U.S. Year-End Home Equity and Underwater analysis, which revealed that the number of seriously underwater properties — meaning they had a loan-to-value (LTV) of 125+ — decreased 0.3 percent year-over-year in Q4 2017 to 9.3 percent, the smallest year-over-year decrease in the share of seriously underwater properties since Attom began tracking in Q1 Continue Reading
Foreclosure Starts and Completions Hit 17-Year Lows
Mortgage delinquencies hit a 23-month high as 2017 wrapped up, surging by 164,000 year-over-year, according to the latest Mortgage Monitor Report from the Data and Analytics Division of Black Knight, Inc. However, that figure only tells part of the story. Outside of hurricane-affected areas, Black Knight reports that the national mortgage delinquency rate was actually 11 percent below long-term Continue Reading
