Daily Archives: December 24, 2013

US loan delinquency rate edges up 2.63% | North Salem NY Homes

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The U.S. loan delinquency rate edged up a bit in November, but has been on the decline for most of the year, with delinquencies down more than 10% year-to-date, Lender Processing Services (LPS) said.
Foreclosure inventory also fell, edging down another couple of points to 2.5% in November and 29% year-over-year, LPS noted Monday morning.

The overall U.S. foreclosure inventory now stands at 1.256 million loans in foreclosure, according to LPS’s First Look Mortgage Monitor Report.

The total U.S. loan delinquency rate is hovering at 6.45% — including all loans 30 or more days past due or not in foreclosure.

The delinquency rate year-over-year fell 9.41%, while the month-over-month change in the foreclosure presale inventory rate fell 1.72% while the year-over-year rate declined 28.81%.
States with the highest percentage of non-current loans included Mississippi, New Jersey, Florida, New York and Louisiana.

 

 

 

http://www.housingwire.com/articles/28385-lps-us-loan-delinquency-rate-edges-up-263

2014 good for housing, not so much for economic growth | Mt Kisco Real Estate

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The coming year will see the continued slow-but-steady recovery in housing and housing-related industries, minimal interest rate movements, less than stellar economic growth, and an improving purchase market.

That’s the prediction from the brain trust at FBR & Co. FBR is a leading investment bank that focuses its efforts across a broad array of industries including financial institutions and real estate, among a host of others.

Despite the overall tepid outlook, the FBR forecast does point to good signs for the origination market.

“Financials, particularly banks and thrifts, outperformed the broader indices in 2013, and, generally speaking, we expect in-line performance at best over the coming year as stock prices have drastically outperformed fundamentals for most spread-based lending businesses,” the FBR 2014 forecast states.

In particular, the mixed overall news looks good for housing.

“We expect that those subsectors most levered to a continued recovery in housing will outperform in 2014, as housing-levered industries should have the largest opportunities for growth in the near term,” the report states.

 

 

http://www.housingwire.com/articles/28386-fbr-2014-good-for-housing-not-so-much-for-economic-growth