Cash Sales Share Drops to Nine-Year Low

first_img Cash Sales Share CoreLogic REO 2015-10-23 Brian Honea Home / Daily Dose / Cash Sales Share Drops to Nine-Year Low October 23, 2015 4,529 Views Previous: National Appraisal Congress Testifies Before the Appraiser Qualifications Board Next: Freddie Mac Transfers More Credit Risk With $1 Billion STACR Offering The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago All-cash transactions comprised nearly 31 percent of all single-family residential home sales nationwide in July 2015, marking a decline of more than three full percentage points year-over-year, according to CoreLogic cash sales data released on Friday.With July’s decline, the cash sales share has fallen year-over-year every month since January 2013, a total of 31 consecutive months, according to CoreLogic. July 2015’s reported share of 30.8 percent was a dropoff from the share of 34.2 percent reported in July 2014.As has historically been the case, REO sales made up the largest portion of cash sales with 56 percent in July 2015, and resales had the second highest share at 30.2 percent (resales made up 83 percent of all home sales in July and therefore have the biggest impact on moving the overall cash sales share). Short sales comprised 28 percent of cash sales, followed by new homes at 15.6 percent. Despite REO sales making up more than half of all cash sales, REO’s share of total home sales remained low in July at 6.1 percent. In January 2011, when the cash sales share reached its peak, REO sales made up 23.9 percent of total home sales.Previously, much of the cash sales share could be attributed to institutional investors buying distressed properties at discounts; the continued decline of the cash sales share is a likely indicator that fewer institutional investors are buying homes, and that more buyers are obtaining mortgage credit, according to CoreLogic Senior Economist Molly Boesel.Four states had a cash sales shares higher than 40 percent in July, led by Alabama (47.4 percent), Florida (44.7 percent), New York (42.8 percent), West Virginia (41.1 percent) and New Jersey (39.5 percent). Out of the nation’s top 100 Core-Based Statistical Areas, the five with the highest cash sales share were all located in Florida: West Palm Beach (53.2 percent), Miami (52.2 percent), North Port-Sarasota-Bradenton (50.1 percent), Fort Lauderdale (48.4 percent), and Cape Coral-Fort Myers (47.9 percent). The metro area out of the top 100 with the lowest cash sales share was Washington-Arlington-Alexandria, D.C.-Virginia at 13.6 percent, according to CoreLogic.At their peak in January 2011, cash sales comprised about 46.5 percent of total single-family residential home sales in the United States. The cash sales share typically averaged about 25 percent prior to the housing crisis; if the share continues to decline at the same rate it did in July 2015, CoreLogic estimates that it will fall to 25 percent by the middle of 2017. The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Cash Sales Share Drops to Nine-Year Low in Daily Dose, Featured, News, REO Sign up for DS News Daily Share Save Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Cash Sales Share CoreLogic REO Subscribe Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

Serious Delinquencies Still Elevated in Hurricane-Impacted Markets

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CoreLogic Delinquencies Disaster Relief floods hurricanes Loan Performance Insights Report Natural Disasters Serious Delinquencies wildfires Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Journal, Market Studies, News Previous: Which States Are Best for Millennials? Next: HUD Awards $28 Billion for Disaster Recovery Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Serious Delinquencies Still Elevated in Hurricane-Impacted Markets Data Provider Black Knight to Acquire Top of Mind 2 days ago April 10, 2018 1,852 Views Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. center_img Home / Daily Dose / Serious Delinquencies Still Elevated in Hurricane-Impacted Markets Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily CoreLogic Delinquencies Disaster Relief floods hurricanes Loan Performance Insights Report Natural Disasters Serious Delinquencies wildfires 2018-04-10 Krista Franks Brock The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post The effects of last year’s major natural disasters, including hurricanes and wildfires, have been evident in the housing market in recent months. Disaster-related early mortgage delinquencies have progressed into serious delinquencies in affected markets, according to CoreLogic’s Loan Performance Insights report, released Tuesday.Areas that experienced significant damage from recent natural disasters are experiencing a leveling off in early-stage delinquencies and an uptick in serious delinquencies, CoreLogic reported. “In hard-hit markets, like the Houston and Naples metro areas, serious delinquency is triple what it was before the hurricanes,” said Frank Nothaft, Chief Economist at CoreLogic, adding that in the San Juan, Puerto Rico, area, the rate has quadrupled.Nationally, the percentage of homes that are newly delinquent (30 to 59 days past due) fell 0.1 percentage points over the year in January. The rate was down 0.2 percentage points since December. Overall, 2 percent of homes were in the early stages of delinquency in January, according to CoreLogic. “Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market,” CoreLogic’s report states. The percent of mortgages 60-89 days past due was 0.8 percent in January, up from 0.7 percent a year ago and matching the rate reported in December. Despite the elevated rates of serious delinquencies in some markets, the national rate declined over the year in January, falling from 2.3 percent to 2.1 percent, and remaining unchanged from a month earlier.The foreclosure inventory rate for January was 0.6 percent, down from 0.8 percent a year earlier. The rate has remained the same since August and is the lowest experienced since June 2007. The share of all mortgage loans in some stage of delinquency or foreclosure was 4.9 percent in January, down from 5.1 percent reported a year ago. All but two states experienced declines in delinquencies year-over-year in January. In Texas, early-stage delinquencies rose from 5.6 percent to 6.3 percent over the year in January, while 90+ day delinquencies rose from 1.9 percent to 2.7 percent. Foreclosures, however, dropped 0.2 percentage points down to 0.3 percent. Florida, the only other state to experience rising delinquencies, demonstrated a more significant rise in delinquencies with early-stage delinquencies rising from 6.0 percent to 8.4 percent and serious delinquencies increasing from 3.2 percent to 5.1 percent over the year. As in Texas, though, the foreclosure rate in Florida declined, falling from 1.3 percent to 0.9 percent. “Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year,” said Frank Martell, President and CEO of CoreLogic. “Declines in the unemployment rate have supported a rise in income, and home-price growth has built home equity. These two economic forces, coupled with high-quality underwriting have lowered the overall delinquency rates.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Krista Franks Brock Share Save Subscribelast_img read more

Freddie Mac: Mortgage Delinquencies Dropping

first_img Related Articles Freddie Mac: Mortgage Delinquencies Dropping Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Freddie Mac: Mortgage Delinquencies Dropping Demand Propels Home Prices Upward 2 days ago Freddie Mac GSE 2020-02-28 Mike Albanese Share Save Tagged with: Freddie Mac GSE Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Industry Pulse: Servicer Reports Strong Q4 Next: Safeguard Develops Platform for Inspections Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News Freddie Mac’s total mortgage portfolio rose 4.3% in January, according to its latest monthly volume summary.The single-family refinance-loan purchase and guarantee volume was $25.8 billion for the month—57% of the total single-family mortgage portfolio purchases and issuances. Freddie Mac’s single-family mortgage portfolio increased by 6.8%. The total unpaid principal balance on Freddie Mac’s mortgage-related investment portfolio fell by $10.5 billion in January. Freddie Mac’s mortgage-related securities and other mortgage-related securities increased by 8.3% to begin in 2020.The single-family serious delinquency rate fell 3 basis points to 60 in January. Freddie Mac’s maximum exposure to Fannie Mae-issued collateral included in Freddie Mac-issued resecuritizations was $30.4 billion. Delinquency on mortgage loans through Freddie Mac consistently fell through 2019. The delinquency rate for mortgage loans was at 0.86% in January 2019 and ended the year at 0.79%. Black Knight’s January 2020 look at mortgage data found the national delinquency rate fell to 3.22%. Delinquencies fell more than 5% month-to-month in January and are down 14.17% over the year. While loan delinquencies are on a downward trend, foreclosure starts rose in January by 8.35%. However, they are 14.74% down on an annual basis. The foreclosure rate charted a barely perceptible increase of just 0.41% over the month of January as 1,000 properties slipped into foreclosure. The national foreclosure rate now stands at 0.46% of all mortgage loans outstanding. Despite the slight increase in January, the rate is down 9.24% from a year ago.   Fannie Mae reported earlier in February a net income of $14.2 billion in 2019, including $4.4 billion during Q4 2019. The GSE’s net worth rose to $14.6 billion by the end of the year. Based on the current agreement with the U.S. Department of the Treasury and the Federal Housing Finance Agency (FHFA), the company can retain quarterly earnings until its net worth reaches $25 billion. Fannie Mae provided more than $650 billion in liquidity to the mortgage market in 2019, helping finance more than three million purchases, refinances, and rental units Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago February 28, 2020 846 Views Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mike Albanese  Print This Post Sign up for DS News Daily Subscribelast_img read more

Government to announce how hard people will be hit in 4 year plan

first_img WhatsApp Twitter Facebook Google+ WhatsApp Three factors driving Donegal housing market – Robinson Facebook Twitter The Government will announce later that it’s cutting growth prospects for next year by as much as one per cent – due to the continuing global crisis.The coalition is also expected to announce savings of 3-point-8 billion euro in the upcoming budget.We’ll also hear the extent of tax hikes and spending cuts necessary over the next three years to eliminate the budget deficit.Finance Minister Michael Noonan says he hopes the detail will convince people it’s not as bad as some are predicting and that they may start spending again RELATED ARTICLESMORE FROM AUTHOR Google+ 448 new cases of Covid 19 reported today center_img Pinterest Previous articleNew Donegal – Dublin route added to Dublin Airport’s scheduleNext articleJudgement reserved in Donegal murder trial News Highland Government to announce how hard people will be hit in 4 year plan Pinterest By News Highland – November 4, 2011 Help sought in search for missing 27 year old in Letterkenny NPHET ‘positive’ on easing restrictions – Donnelly Newsx Adverts Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more

HSE threaten councillor with legal action over smoking ban comments

first_img HSE threaten councillor with legal action over smoking ban comments WhatsApp By admin – July 28, 2015 Guidelines for reopening of hospitality sector published Nine Til Noon Show – Listen back to Wednesday’s Programme LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Facebook A Donegal County Councillor has expressed his shock at being threatened with legal action by HSE over comments he made during a meeting.Councillor Paul Canning made a series of allegations, while claiming the HSE was enforcing no smoking laws unfairly to the detriment of local pubs and clubs.In what’s thought to be an unprecedented move, the executive has warned Councillor Canning of the legal consequences of repeating his claims.He says however that he will not be silenced by threats:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/paulcansmoking1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ Homepage BannerNews Pinterestcenter_img Twitter Previous articleHealy’s recovery taking longer than expectedNext articleGardai urge vigilance in rural areas following crime increase admin GAA decision not sitting well with Donegal – Mick McGrath RELATED ARTICLESMORE FROM AUTHOR Facebook Google+ Calls for maternity restrictions to be lifted at LUH WhatsApp Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Man denies 46 sex charges alleged to have happened in Donegal

first_img Previous articlePublic urged to attend Letterkenny crime meetingNext articleGovernment deal expected to defer 3.1 billion euro payment News Highland Man denies 46 sex charges alleged to have happened in Donegal RELATED ARTICLESMORE FROM AUTHOR Facebook Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derry Dail hears questions over design, funding and operation of Mica redress scheme By News Highland – March 21, 2012 A woman has told the Central Criminal Court she was sexually assaulted and raped by her guardian’s foster child over a ten year period in Donegal.The accused man has pleaded not guilty to 46 counts of sexual assault and rape of the woman, who is eight years younger than him.The alleged abuse took place between January 1965 and June 1975.The woman claimed the alleged offences occurred in two different Donegal houses and a shed behind one of the houses when she moved in with her guardian.The woman claimed the alleged offences started before her First Holy Communion when she was seven and continued until she completed her Intermediate Certificate in 1975.The woman told prosecuting counsel, Caroline Biggs SC, she was “beaten, punched, intimidated and put in fear” by the man after he made her perform various acts of indecent assault.She said the man “never had any respect” for her and would punch her in the head and face when he walked past her in the home.She said she would lie to her aunt about how she got the bruises and marks, claiming she had fallen down the stairs.She said he drank a lot and on two separate occasions held a knife to her throat and threatened to slit it if she told anyone what was happening.The trial continues before Justice Paul Carney and a jury of nine women and three men. Facebook PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Google+center_img Pinterest Pinterest HSE warns of ‘widespread cancellations’ of appointments next week Google+ Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp Twitter WhatsApp Newsx Advertslast_img read more

Age Action calls for reversal of cuts to personal alarm funding

first_img Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR By News Highland – January 10, 2013 Age Action has described the Government’s decision to cut the funding for panic alarms in elderly people’s homes as “crazy” in light of the recent spate of attacks on elderly people.The Government has reduced the funding for personal security alarms from 2.45 million euro to 1.15 million.Age Action says the alarms allow elderly people to continue to live independently – and any reduction will cost more in the long term.Head of Advocacy Eamon Timmins says the case of Margaret Lilly, who used a personal alarm after last weekend’s attack highlights their importance……………[podcast]http://www.highlandradio.com/wp-content/uploads/2013/01/etims1pm.mp3[/podcast] Twitter Previous articleGAA – Experimental Donegal Lose to FermanaghNext articleHouse damaged in Downings fire News Highland News WhatsApp Facebook Age Action calls for reversal of cuts to personal alarm funding Pinterestcenter_img Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Dail to vote later on extending emergency Covid powers Twitter Dail hears questions over design, funding and operation of Mica redress scheme Google+ WhatsApp HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

Ruaille Buaille le Colm Feiritéar 12/6/18

first_img Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic Facebook News Google+ WhatsApp Pinterest Ruaille Buaille le Colm Feiritéar 12/6/18 Ceol traidisiúnta le CCÉ Seamus Mac Giolla BhrídeAudio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/06/RB12.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Twitter Facebookcenter_img Gardai continue to investigate Kilmacrennan fire Previous article20 people awaiting admission to LUHNext articleNew stretch of road to be constructed in Inishowen admin By admin – June 13, 2018 Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Google+ 75 positive cases of Covid confirmed in North Pinterestlast_img read more

71 lifeboat launches in Donegal in 2013 with 47 people rescued

first_img WhatsApp RNLI lifeboats brought just under thirteen-hundred people to safety last year.Figures released by the charity today are based on returns of service from all 44 lifeboat stations across Ireland.In Donegal, Arranmore remains the busiest lifeboat station wit6h 32 call outs rescuing 33 people last year, Lough Swilly launched 25 times and rescued eight people, while Bundoran launched 14 times with six people rescued.The majority of last year’s services were to pleasure craft, which accounted for 583 call outs, while there were 138 launches to fishing vessels.Gareth Morrision is RNLI operations manager…………[podcast]http://www.highlandradio.com/wp-content/uploads/2014/01/morrisonrnlistats.mp3[/podcast] Facebook Google+ 75 positive cases of Covid confirmed in North WhatsApp Gardai continue to investigate Kilmacrennan fire Further drop in people receiving PUP in Donegal Twitter News Main Evening News, Sport and Obituaries Tuesday May 25th Google+center_img 365 additional cases of Covid-19 in Republic 71 lifeboat launches in Donegal in 2013 with 47 people rescued By News Highland – January 28, 2014 RELATED ARTICLESMORE FROM AUTHOR Facebook Pinterest Previous articleGallagher & Walsh doubtful for LaoisNext articlePARC founder says penalty points loophole still hasn’t been fully addressed News Highland Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest Twitterlast_img read more

SFA calls for more significant reductions in commercial rates

first_img Gardai continue to investigate Kilmacrennan fire News The Small Firms Association says recent decreases in local authority rates are nowhere enough.SFA Chairperson Ian Martin says the two greatest challenges facing small firms heading into 2011 are  access to finance and the cost of running a business, with commercial rates making up a large proportion of that cost.All local authorities in Donegal implemented decreases in commercial rates last week,  with Buncrana’s rate going down by 2%, the County Council and Letterkenny’s rates going down by 3.5%, and Bundoran’s rate by 8%.However, Ian Martin says rates bills will have to come down much further if small businesses are to remain competitive……….[podcast]http://www.highlandradio.com/wp-content/uploads/2010/12/martin10.mp3[/podcast] Facebook Facebook 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Further drop in people receiving PUP in Donegal Twitter Twitter Google+center_img Previous articleMayor says many reservoirs are running dryNext articleUpdated list of water restrictions published by Donegal County Council News Highland Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest RELATED ARTICLESMORE FROM AUTHOR Pinterest By News Highland – December 29, 2010 Google+ SFA calls for more significant reductions in commercial rates 75 positive cases of Covid confirmed in North WhatsApplast_img read more