According to the MBA’s Fourth Quarter 2017 National Delinquency Survey, general downward trends for mortgage delinquencies continued as 2017 wrapped up, even after the impact of a historically damaging hurricane season.”The 30-day delinquency rate actually dropped by 15 basis points in the fourth quarter of 2017, as homeowners affected by Hurricanes Harvey, Irma, and Maria either became current on their payments or moved to later stages of delinquency,” said Marina Walsh, MBA’s Vice President of Industry Analysis. “However, while the earliest-stage delinquency rate dropped, the 60-day and 90-day delinquency rates did increase in the fourth quarter of 2017. Despite the hurricanes and these quarter-over-quarter results, most states are seeing overall mortgage delinquency rates at lower levels than a year ago.”According to the MBA survey, the percentage of loans in the foreclosure process at the end of the fourth quarter was 1.19 percent. This placed Q4 2017 down 34 basis points year-over-year, and down 4 basis points from Q3.Serious delinquency rates, covering loans that are 90 days or more overdue or actively in the process of foreclosure, increased 39 basis points between Q3 and Q4, hitting 2.91 percent for Q4 2017. However, that total is still 22 basis points lower than in Q4 2016.On a seasonally adjusted basis, however, mortgage delinquency rates did increase across all types of loans, including FHA, VA, and conventional.According to the latest Mortgage Monitor Report from the Data and Analytics Division of Black Knight, Inc., mortgage delinquencies hit a 23-month high as 2017 wrapped up, surging by 164,000 year-over-year. However, outside of hurricane-affected areas, Black Knight reported that the national mortgage delinquency rate was actually 11 percent below long-term norms. In these same areas, the total number of past-due or in-foreclosure homes dropped by more than 140,000 as December 2017 wrapped up.Last year also saw the fewest foreclosure starts nationwide of any year since 2000, with the annual total sitting at 649,000. Demand Propels Home Prices Upward 2 days ago Early-Stage Mortgage Delinquencies Dropped in Q4 2017 Demand Propels Home Prices Upward 2 days ago February 12, 2018 2,467 Views Previous: New York Buys Distressed Mortgages to Fight Zombie Homes Next: Quickening Mortgage Innovation in an Industry Slow to Change Print This Post Foreclosures hurricane harvey Hurricane Irma Hurricane Maria hurricanes MBA Mortgage Delinquencies National Delinquency Survey 2018-02-12 David Wharton Tagged with: Foreclosures hurricane harvey Hurricane Irma Hurricane Maria hurricanes MBA Mortgage Delinquencies National Delinquency Survey Home / Daily Dose / Early-Stage Mortgage Delinquencies Dropped in Q4 2017 Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Foreclosure, Headlines, Journal, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe
The Week Ahead: Nearing the Forbearance Exit 2 days ago November 25, 2020 905 Views Demand Propels Home Prices Upward 2 days ago Homeownership remote work Renting 2020-11-25 Cristin Espinosa Related Articles Remote Work Boosts Black Renters’ Ability to Buy Homes Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Tagged with: Homeownership remote work Renting Previous: The Best of DS5: Inside the Industry – Part 2 Next: Top 5 U.S. Cities Experiencing Drops in Affordable Homes Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Remote Work Boosts Black Renters’ Ability to Buy Homes Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Andy Beth Miller Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Andy Beth Miller is an experienced freelance editor and writer. Her main focus is travel writing, and when she is not typing away from her computer at her home in the Hawaiian Islands, she is regularly roaming the world as a digital nomad, and loving every minute of it. She has been published in myriad online and print magazines, is a fan of all things outdoors, and finds life (and all of its business, technological, and cultural facets) fascinating in their constant evolution. She is excited to spectate as the world changes, and have a job that allows her to bring a detailed account of those constant shifts to her readers at home and abroad. According to a recent report published by Zillow, the recent rise in remote work, which has resulted from COVID-19, has affected the housing industry in interesting ways. Zillow data shows that among American renters, Black renters are 29% more likely than other renters in large metro areas to “be able to buy their first home in a less expensive area,” thanks to the rise in remote work opportunities.Zillow arrived at this conclusion based on careful analysis, which was based on criteria including telling factors such as household income, the makeup of local industries, and geography, among others.The Zillow report showed that almost 2 million American renters who are able to take advantage of increased remote work opportunities could now afford the current monthly payments on homes in more affordable areas outside of their current cities. Among these 2 million telecommuting renters, Black renters appear to have more opportunities to purchase starter homes in affordable areas due to “having relatively low income levels, pricing them out of where they currently live,” yet still earning enough to afford homes in less expensive metros with the help of telecommuting jobs.However, the opportunities for remote work depends on the market. In Baltimore, Black households earning $30,000 to $40,000 annually have an edge because their primary breadwinners are more likely to work in industries that are considered to more remote-friendly, such as educational services and public administration.The Zillow report also states, however, that white and Asian renters are much more likely to work in more remote-friendly industries like finance, insurance, and technology. For these renters, their incomes usually allow them to purchase homes in their current metro areas. While remote work may create more opportunities for Black renters to purchase homes in affordable locations, there is still a huge housing affordability issue that people of color must face.Jonathon Holloway, a federal employee and Maryland renter who recently made an offer on a home in Louisiana, shared his own personal experience with this homebuying trend driven by greater remote work options: “Teleworking has opened up more options for my family. We’ve made a life here in Maryland, but with two small children being able to purchase a home back in Louisiana and be closer to my parents and our extended family is just what we need.”Holloway added, “With everything that has happened this year, it makes you stop and realize what is really important. And for us, that’s family. Without the ability to telework, we might not have been able to make this transition.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago
46/24 Kurilpa St, West End, is a terrace home that’s been taken up several notches.IT’S a style that New Yorkers and inner Sydneysiders have come to love, but the terrace home has gone up a notch in Brisbane.This three-storey inner-city residence in the boutique village-style Manhattan Terraces complex boasts impeccable style across its 330sq m of interior living space.The four bedroom, five bathroom, double garage terrace home includes expansive use of glass, temperature zone controlled air conditioning that can be operated via a smart device and rich timber finishes. Luxury’s been dialled up in the master bedroom.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoUp a level, the first floor of the residence is completely open and captures natural light and breezes through sliding glass doors along its length. The dining and living rooms combine with a kitchen featuring Miele appliances, stone benchtops, generous cabinetry, a breakfast bar and walk-in pantry. There is also a powder room beside the dining area. Sliding glass doors open the interior out to a balcony with timber cladding, a ceiling fan and views to the surrounding area. One of the four bedrooms is on the ground floor, perfect for teenagers.Entry into the ground floor leads to a spacious living area, complete with parquetry flooring, a garden patio and modern down lighting. This level also includes a double garage, laundry and bedroom with a built-in wardrobe and an ensuite. The middle level living zone is spacious and light.Timber stairs then ascend to the second floor of the residence, which includes three neutrally decorated bedrooms with 100 per cent wool carpet and a study nook with a built-in desk. Two of these bedrooms also have built-in wardrobes and ensuites, while the main bedroom includes a walk-in wardrobe with custom storage, a lounge area with a chandelier, floor-to-ceiling windows overlooking the neighbourhood and an ensuite with a timber-finished double vanity, a rain shower and freestanding bathtub.Agent Ben White of Place New Farm called the residence a one-of-a-kind terrace home that exemplified modern inner-city living. 46/24 Kurilpa St, West End.“Its location is second to none, with Manhattan Terraces one of the most successful projects in Brisbane due to the lavish freehold and terrace home component,” Mr White said.“Brisbane City is just a short stroll away, while residents will also delight in the selection of cafes, restaurants, bars, parkland and CityCat terminals at their doorstep.”Inspections of 46/24 Kurilpa St, West End, would be by appointment.