Jim Morrison

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Homeowner Equity Increased by $908B in 2017

U.S. homeowners with mortgages – which account for roughly 63 percent of all properties, according to a 2016 American Community Survey – saw their equity increase 12.2 percent year over year in the fourth quarter of 2017. This represents a gain of $908.4 billion since the fourth quarter of 2016.

CT Mortgage Delinquencies Dip to 5.9 Percent in December

Nationally, 5.3 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in December 2017, according to CoreLogic, a global property information provider. This represents no change in the overall delinquency rate compared with December 2016, when it was also 5.3 percent.

Mortgage Applications Increase as Rates Edge Upward

Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 23, 2018. This week’s results include an adjustment for the Washington’s Birthday (Presidents’ Day) holiday.

Ocwen acquires PHH

Ocwen to Acquire PHH for $360M

Financial services holding company Ocwen Financial Corp. will acquire mortgage origination and servicing platform PHH Corp. for approximately $360 million in cash in a deal expected to close later this year.