Black Knight Financial Services

Single-Family Homes Built for Rent Showing Strong Increases

Today’s News Synopsis:   Mortgage loans that were 30 days and more delinquent showed a 6.6% increase month-over-month and now stand at 5.09%.  More and more single-family homes are being built withe purpose of being rented rather than purchased, showing a 3.5% increase in the fourth quarter.  Equity in residential homes have also shown strong …

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Urban Area Homes Increasing More Than Suburban According to Zillow

Today’s News Synopsis: Zillow reported in many metropolitan areas homes in urban areas are increasing more than suburban areas.  Realtor.com just released their list of the top 20 markets, Dallas, San Jose, and San Francisco being at the top.  The first employment summary for both this year and part of 2015 is expected to be …

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Latest Market Report Shows Mixed Results

Today’s News Synopsis:   The latest market report showed mixed results with foreclosures decreasing to ten-year lows but 90+ day delinquencies  increasing.  A better-than-expected jobs report resulted in an increase in the dollar value.  San Francisco Federal Reserve Bank President John Williams believes it will be six years before the U.S. Central Bank reaches normal …

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Judge Tosses Lawsuit that DOJ and HUD Faced By Quicken Loans

  Today’s News Synopsis: Zillow reported the value of residential homes in America totaled $28.5 trillion at the end of 2015.  The latest Home Price Index by Black Knight Financial Services showed home prices are continuing to increase, having increased 0.2% last October.  A federal judge just tossed a lawsuit that the Department of Justice …

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Foreclosure Starts at Lowest Month-Over-Month in Ten Years

Sources: Sales of Existing U.S. Homes Slump on Delayed Contract Closings Home prices set new record – FHFA CoreLogic: Cash sales share continues trend back towards ‘normal’ US eases 35-year-old real estate tax on foreign investors Five Star CEO Delgado Applauds Passage of Omnibus Appropriations Bill This Startup Wants a Stake in Your Home, Poor …

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Las Vegas Showing More Stability in their Housing Market

Today’s News Synopsis:   More landlords are forming mergers with each other in hopes this will help increase profit on single-family rentals.  CoreLogic’s predictions for next year’s housing market include an increase in home sales and prices but a decrease in the volume of refis.  One market that seems to be fairing very well, making …

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Policies Regarding Condos to Go Through Changes By FHA

Sources: GSEs Announce Lowest Ever Interest Rate on Standard Mortgage Modifications CoreLogic: Foreclosures continue downward trend in September RealtyTrac: Foreclosure starts post highest jump in more than four years U.S. Mortgage Rates Rise With 30-Year at Highest Since July Freddie Mac: Mortgage rates move higher amid potential interest rate hike Buffalo tops list of most …

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Bank of America to Pay $355 Million Dollars for RMBS Lawsuit

Today’s News Synopsis:   In the second quarter, purchase originations came in at $253 billion, their highest in 8 years.  Foreclosures are still twice as much as considered normal levels, despite seeing decreases in the last 3-4 years.  Bank of America will pay $355 million dollars to settle a lawsuit involving residential mortgage-backed securities.   …

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Wells Fargo Plans to Lay off 490 People in their Workforce

  Today’s News Synopsis:   The latest data from HUD and the Census Bureau showed a drop in new home sales by 11.5%.  On the other hand, Black Knight Financial Services reported home prices increased 0.3%.  Wells Fargo is planning to lay off 490 people in their workforce.   In The News: Housing Wire – “Here’s …

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Increase in Applications in Preparation for TRID Amounted to Nothing

    Sources: Southern California home prices inch down in September Builder Confidence Rises Three Points in October Treasuries Decline as New-Home Construction Climbs in September Mortgage Default Rates Decline, Driving Consumer Credit Default Index Down Number of Seriously Underwater Properties Drops 525,000 in Q3 2015 From Previous Quarter, Down 1.2 Million From Year Ago …

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