FORECLOSURE INVENTORY RATE DROPS TO 20-YEAR LOW

CoreLogic®'s(NYSE: CLGX) monthly Loan Performance Insights Report, out Tuesday, shows that nationally 4% of mortgages were in some stage of delinquency in March 2019, representing a 0.3-percentage-point decline in the overall delinquency rate compared with March 2018, when it was 4.3%. This was the lowest for the month of March in 13 years.
As of March 2019, the foreclosure inventory rate – which measures the share of mortgages in some stage of the foreclosure process – was 0.4%, down 0.2 percentage points from March 2018. March 2019 marked the fifth consecutive month that the foreclosure inventory rate remained at 0.4% and was the lowest for any month since at least January 1999.
The rate for early-stage delinquencies – defined as 30 to 59 days past due – was 2% in March 2019, up from 1.8% in March 2018. The share of mortgages 60 to 89 days past due in March 2019 was 0.6%, unchanged from March 2018. The serious delinquency rate – defined as 90 days or more past due, including loans in foreclosure – was 1.4% in March 2019, down from 1.9% in March 2018. The serious delinquency rate of 1.4% this March was the lowest for that month since 2006, when it was also 1.4%.

Comments

Post a Comment

Popular posts from this blog

Crucial Coronavirus Cleaning Tips: How To Keep Your Home Germ-Free During the Pandemic

Image
How long the virus survives—and where it thrives The novel coronavirus can survive on surfaces anywhere from hours to days. The latest information is that it can last 24 hours on cardboard, 48 to 72 hours on plastic, and 48 to 72 hours on stainless steel, says  Dr. Reuben Elovitz , internist and CEO at  Private Health Dallas , who cited a recent study from the  New England Journal of Medicine . The duration also depends on a few other factors, like temperature and whether a surface is prone to holding moisture. “Wooden handles, for example, are more likely to be damp than metal under normal conditions—and damp conditions can enable many infectious agents to thrive,” explains molecular biologist  Dr. Tracey Evans . “ Furthermore, a warm room is more favorable for many pathogens than a cold one.” Regardless of what kinds of temperatures and surfaces you have in your home, there are things you can do to keep these dangerous pathogens at bay. Ditch germs at the door Clean an
Read more

The Latest Trends In Kitchen Faucets

Image
1. Professional-Looking Faucets Just about every brand showing kitchen faucets at Design & Construction Week  seemed to have a professional-style kitchen faucet with a spring. Kohler launched its Graze line of faucets, including the Semi-Professional design shown here, which has a tight coil hose to allow for easier cleaning.  Graze faucets are available in polished chrome, stainless steel and matte black. Pfister’s new Neera Culinary faucet, left, capitalizes on the demand for professional-looking kitchen faucets. Photo by Erin Carlyle The new Neera Culinary faucet from Pfister (shown here in brushed gold) has a three-function spray head and a highly visible spring that echoes the style of a restaurant kitchen faucet. “The spring is extremely popular right now,” says Danyel Tiefenbacher, brand manager at Pfister. The Neera comes in polished chrome, stainless, matte black and brushed gold. Erin Carlyle American Standard’s new  Semi-Professional kitchen faucet
Read more

8 Trees for Small Spaces

Image
KMS Gardens and Design 1. ‘Red Obelisk’ Beech ( Fagus sylvatica  ‘Red Obelisk’) Beech are native to Central Europe and England; ‘Red Obelisk’ is a hybrid. Loved by:  Kathy Molnar Simpson of  KMS Gardens and Design  in Chicago Why this tree: Its columnar form maxes out at 5 feet wide when mature, which is great when height is needed in a tight space, Use these trees in front of a house or along a foundation, where they can help balance the scale between the home and lower garden plants. Pick up the leaf color in other plants grouped with this tree. The leaf coloration also pairs well with chartreuse and periwinkle colorations. Special features : “The narrow, columnar form and coloration are the highlights of the tree,” the designer says. “It also has a glowing mahogany fall color and winter interest from the tight branching form, undulating branches and smooth, silver bark.” Growing tips:  “This tree likes good, organic, loamy soil with plenty of regular moisture. It is pret
Read more