Black Knight Financial Services

Foreclosure Starts Increase With Rise in Repeat Foreclosures

  Today’s News Synopsis:   Black Knight Financial reported a 68% increase in cash-out refis from the second quarter of 2014.  Foreclosure starts increased by 7% last August due to an increase in repeat foreclosures.  Fewer and fewer homes are becoming affordable in California, a negative sign for economic growth.   In The News: DS …

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More Americans Taking Money Out of Retirement for Emergencies

    Sources: Existing home sales stall in August Sales of U.S. New Homes Surged in August to Seven-Year High US consumer borrowing jumps $19.1 billion Existing-Home Sales Stall in August, Prices Moderate Freddie Mac: Mortgage rates decline after Fed punts on rate hike Morning Briefing: New York world’s priciest city Home equity for seniors …

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Mid-Tier Homes are Housing Recovery’s Achilles Heal

  Today’s News Synopsis:   According to both the U.S. Census Bureau and the Department of Commerce, spending on construction increased 0.1% in June.  At the same time, the number of borrowers considered underwater is showing signs of decrease at at faster rate than usual.  The latest report from Clear Capital showed the biggest weakness …

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Mortgage Debt Being Handled More Efficiently Due to Decrease in Delinquencies and Write-Offs

    Today’s News Synopsis:   The Mortgage Bankers Association reported a 1.5% decrease in mortgage applications from last week.  Mortgage debt is being handled better due to the decrease in delinquencies and write-offs.  Changes to the TILA-RESPA rule could lead to increased risk for mortgage-backed securities according to Moody’s Investors Service.  The median home …

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Sales of Existing Homes Increase Substantially in Wake of Spring Buying Season

  Today’s News Synopsis: Black Knight Financial Services reported a 4.7% decrease in delinquency rates, marking the first time they have gone below 5% in 8 years.  Mortgage applications, on the other hand, increased 2.3% from last week.  The sales of existing homes also increased substantially to their highest in 18 months with the onset …

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The Norris Group’s 7th Annual I Survived Real Estate Event Held Tonight at the Nixon Library

        Today’s News Synopsis: Tonight is the night for the Norris Group’s annual event I Survived Real Estate 2014!  The video this week highlights the events main speakers, our sponsors for the event, and thanks everyone for their help and support.  New U.S. home sales increased last month, although not by much …

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Negative Equity Decreases to Almost Single-Digits

      Today’s News Synopsis: Mortgage rates decreased slightly after being at high numbers for four months; 30-year rates now stand at 4.2% and 15-year rates 3.36%.  Negative equity decreased in the second quarter to almost single-digits while borrower equity increased by $1 trillion.  The median price for distressed homes increased in August both …

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75% of US Foreclosure Market Composed of Judicial States

  Today’s News Synopsis: Black Knight Financial Services just announced that the majority of foreclosures that still exist are in judicial states, roughly 3/4 of the foreclosure market in the county.  In addition, a new foreclosure was passed in Connecticut that will speed up the foreclosure process and and cut down on the amount of …

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