‘New’ Severe Delinquencies Tumble to 2009 Level

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Black Knight Financial Services Severely Delinquent Mortgages 2015-11-12 Brian Honea The percentage of “new” severe delinquent residential mortgages reported for September 2015—that is, the number of severely delinquent loans that were current six months ago—was the lowest of any September since 2009, according to Black Knight Financial Services.The share of new severely delinquent borrowers in September was reported at 0.66 percent, a number that has been steadily declining since hitting its September peak of 2.81 percent six years ago, according to Black Knight. The data shows a seasonal effect to new severe delinquencies; the rate has peaked in every September or October for the last six years.The number of new severe delinquencies has dropped from an average of three in every 100, its peak reached back in 2009, down to seven for every 1,000 in September of 2015. According to Black Knight, there is a definite seasonal effect to new severe delinquencies; the rate has peaked in every September or October for the last six years.Mortgages that originated during the bubble years of 2005 to 2008 accounted for the highest percentage of new serious delinquencies; they make up 45 percent of new serious delinquent mortgages even though they account for only 17 percent of total loans in the mortgage universe.Meanwhile, mortgages that originated during the post-crisis years (2009 to 2015) make up 68 percent of all mortgages but account for just 34 percent of new severe delinquencies, Black Knight reported.“These post-crisis vintages are seeing new seriously delinquent loans rates of half the national average,” the report stated.The new severe delinquency rate on mortgages with a second lien was more than twice those without a second lien in September (1.04 percent compared to 0.48 percent), which has been the case for about the last two years, according to Black Knight. During this period, mortgages with a second lien have seen “increased seasonality in new severely delinquent loan rates.” November 12, 2015 1,273 Views  Print This Post Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Data Provider Black Knight to Acquire Top of Mind 2 days ago ‘New’ Severe Delinquencies Tumble to 2009 Level Previous: Mixed Economic, Housing Data Cast Doubt on Fed Liftoff Next: DS News Webcast: Friday 11/13/2015 Sign up for DS News Daily center_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / ‘New’ Severe Delinquencies Tumble to 2009 Level The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Tagged with: Black Knight Financial Services Severely Delinquent Mortgages Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Subscribelast_img read more

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Calidant Capital Partners with Five Star Institute

first_img Is Rise in Forbearance Volume Cause for Concern? 2 days ago Demand Propels Home Prices Upward 2 days ago Calidant Capital Partners with Five Star Institute Previous: CFPB vs. PHH—An Unexpected Conclusion Next: Home Equity Soars, But How High? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Kristina Brewer June 7, 2018 1,935 Views Home / Featured / Calidant Capital Partners with Five Star Institutecenter_img The Best Markets For Residential Property Investors 2 days ago in Featured, Investment, Journal, News Related Articles Kristina Brewer is the Editorial Assistant of Publications for the Five Star Institute, including DS News and MReport magazine. She is a graduate of the University of North Texas (UNT), where she received her Bachelor of Arts in English with a concentration in rhetoric and writing and a minor in global marketing. During this time, she served as Director of Philanthropy in the national women’s fraternity Zeta Tau Alpha, of which she is an alumna. Her passion for philanthropy continued after university when she was an intern at Keep Denton Beautiful, a local partner of Keep America Beautiful, where she drove membership, organized events, and led social media campaigns. Brewer honed her writing at the North Texas Daily, UNT’s student-run newspaper where she wrote about faculty, mentorship, and student life. Brewer also previously worked at Optimus Business Plans where she helped start-ups create funding proposals, risk assessments, and management plans. Calidant Capital, a Texas-based private investment firm, announced today that it has made an equity capital investment in The Five Star Institute, a national trade association which holds conferences, produces publications, and maintains membership organizations for the mortgage industry. Calidant’s partnership with Five Star will enhance the company’s financial strength and increase its breadth of offerings for its customer base, as well as its ability to expand into adjacent and new markets–organically and through acquisition. “Our partnership with Calidant is an important part of growing the Five Star brand,” Mark Hulme, founder and Chief Creative Officer of Five Star said. “We are excited for this new chapter and the opportunity it will bring to expand our business across various sectors.”Though financial terms of the transaction were not disclosed, Five Star’s founder, Mark Hulme, and President and CEO, Ed Delgado, will remain with the company indefinitely, and no investment banking firm was involved with the transaction.“As we focus on the growth of Five Star, we remain committed to providing best-in-class service.” President & CEO Ed Delgado said. “This partnership is the perfect pairing towards supporting our mission.”Building upon the diverse platform The Five Star Institute represents in the mortgage servicing space, Calidant will actively be seeking add-on investment opportunities within, tangential to, and outside of that segment, and will be working closely with its management team to identify opportunities for organic expansion initiatives toward driving accelerated growth.In a joint statement, Calidant’s principals Drew Bagot, David Lai, and Court Alley noted, “Five Star’s exemplary management team, critical role in the industry, and focus on a countercyclical business segment made it a compelling opportunity for us to pursue. We see incredible opportunities for growth adjacent to and beyond the mortgage industry. We are very fortunate to be able to call Mark and Ed partners, and are honored to be a part of the bright future ahead for The Five Star Institute.” Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago 2018-06-07 Kristina Brewer Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribelast_img read more

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