DS News Webcast: Thursday 8/28/2014

first_img DS News Webcast: Thursday 8/28/2014 The Best Markets For Residential Property Investors 2 days ago Previous: Report: Annual Rate of Home Sales Falling Next: Influential Leader in Housing Shines Light on Servicing Is Rise in Forbearance Volume Cause for Concern? 2 days ago August 27, 2014 525 Views Subscribe 2014-08-27 Jordan Funderburk Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure activity was down all over the nation in July, particularly in the area of foreclosure inventory – homes that are in any stage of the foreclosure process – where there was a 34.4 percent drop from July 2013, according to CoreLogic’s July 2014 National Foreclosure Report released earlier this week.CoreLogic reported a foreclosure inventory of about 640,000 for July 2014 compared to 976,000 in July 2013. Analysts believe that number could drop to as low as 500,000 by the end of the year based on current trends.In July 2014, there were approximately 45,000 foreclosures completed, a decline of 21.2 percent from July 2013. Month-over-month, the number of completed foreclosures fell by 8.5 percent. The number of completed foreclosures is dropping but still has a way to get back to its pre-2007 levels, before the decline of the housing market. The nation averaged about 21,000 completed foreclosures per month from 2000 to 2006. Since the beginning of the financial crisis in 2008, approximately 5.1 million foreclosures have been completed nationwide.Boosted by an increase in secondary market purchases and a decline in sales, Freddie Mac’s portfolio grew for the first time this year in July. In its July 2014 Monthly Volume Summary released on earlier this week, the mortgage giant reported 0.1 percent annualized growth in its total mortgage portfolio last month—a turnaround after six straight months of declines. Year-to-date, the portfolio’s annualized growth rate is minus 1.7 percent. As of July 31, Freddie Mac’s portfolio value was up still slightly under $1.9 trillion. About Author: Jordan Funderburk Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Home / Featured / DS News Webcast: Thursday 8/28/2014 Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Media, Webcasts Servicers Navigate the Post-Pandemic World 2 days agolast_img

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