DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/234855
ยป advisor on the sale, says these kinds of offerings are becoming more common as competition over MSRs grows. "Several of our clients are taking advantage of the aggressively bid mortgage servicing rights market," Maurer said. "And with margins compressed and origination volumes down, selling servicing at a gain holds a lot of appeal." Idaho Foreclosure Rate october 2013 1.5% 1.9% 1.9% Unemployment Rate 5.3% 4.4% 2.6% -22.6% 90+ Day Delinquency Rate 1.5% 5.4% 4.4% -18.5% 5.7% -7.7% -23.9% Top Core-Based Statistical Area 90+ Day Delinquency Rate PahrumP, Nv Foreclosure Rate 90+ Day Delinquency Rate 3.6% 4.4% 3.5% 5.7% -23.9% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. -14.5% 5.8% -31.0% 90+ Day Delinquency Rate -10.3% Powell county Foreclosure Rate october 2013 9.4% 2.4% 3.5% year ago year ago 10.7% 1.6% 3.2% year-over-year change year-over-year cHange -12.3% Top Core-Based Statistical Area 50.3% 11.7% Top Core-Based Statistical Area kalisPell, Mt Hilo, Hi Foreclosure Rate 90+ Day Delinquency Rate Foreclosure Rate october 2013 october 2013 9.4% 1.1% 1.6% year ago year ago 3.2% 5.2% 1.5% october 2013 2.4% Unemployment Rate 1.1% 1.3% 10.7% 1.5% 2.6% year-over-year change year-over-year cHange -12.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. -30.3% -17.6% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Foreclosure Rate october 2013 1.1% 7.1% year-over-year chaNge 5.1% 90+ Day Delinquency Rate 5.9% year ago year-over-year change 5.1% Foreclosure Rate october 2013 year ago 1.9% -17.6% Top Core-Based Statistical Area october 2013 2.0% 7.1% year-over-year chaNge Top County Foreclosure Rate 5.9% year ago 13.2% ontarIo, or-ID Foreclosure Rate october 2013 year-over-year change 4.6% -9.7% Nye couNty 12.2% 3.7% 10.3% -35.9% year ago Hawaii county 90+ Day Delinquency Rate -29.6% october 2013 Top County -23.4% 5.5% 90+ Day Delinquency Rate year-over-year change -10.9% 3.2% 6.4% Top County Foreclosure Rate 3.9% 9.3% year-over-year chaNge -29.5% year-over-year cHange -23.4% 6.6% year ago 5.9% 2.4% 3.5% year-over-year change year ago 90+ Day Delinquency Rate 4.5% Unemployment Rate year ago rank: 38 rank: 4 Foreclosure Rate october 2013 Foreclosure Rate october 2013 year ago Montana Hawaii -13.9% 6.7% 90+ Day Delinquency Rate Top County Source: CoreLogic 2.5% Unemployment Rate WashIngton county Completed foreclosures in Colorado during the 12 months ending October 2013. 2.1% raNk: 9 90+ Day Delinquency Rate 11,117 90+ Day Delinquency Rate Nevada rank: 29 STAT INSIGHT VISIT US ONLINE @ DSNEWS.COM -39.0% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Maximum Foreclosure Time Line Extended in Nevada Fannie Mae and Freddie Mac extended the acceptable state foreclosure time line for the state of Nevada to ensure servicers can sufficiently meet the current needs of the market. The GSEs increased the length of time to conduct a foreclosure in Nevada by 30 days, from 360 to days. The extended time line is effective for all foreclosure sales completed after September 1, 2013. Nevada continues to struggle with pockets of destabilizing foreclosure activity, compounded by state legislation intended to make it harder for servicers to foreclose. Front-loaded pipelines demonstrate the extent of congestion as distressed properties slowly make their way through the foreclosure process there. Data from PropertyRadar shows foreclosure starts statewide totaled 809 in November, versus 437 foreclosure sales during the month. Nevada's REO inventory tallied 4,557 at the end of November. PropertyRadar's statistics are based on public county records and daily trustee sale results. 139