Shadow Inventory 2013, TransUnion on Delinquencies, Housing Near Peak?, BofA and Jumbo Deals, Big 5 Foreclosure Drop, Nationstar Hungry, Big 5 DQ-FC Charts, Home Seizures Rise, Renters Wanna Purchase


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(interesting analysis) Shadow inventory projections for 2013 – Modified loans re-default and new foreclosures. The overall household formation equation. – Dr. Housing Bubble 

TransUnion: 2013 Mortgage Delinquency Rate To Stay Above 5% – by

Why The Housing Market “Recovery” May Be Nearing It’s Peak – by Donna S. Robinson – … In short, if civilian employment does not move significantly higher, then home prices cannot move higher. This is merely a display of the classic market fundamental of supply and demand. Employment creates demand, which then leads to tighter inventory and rising prices. … In a nutshell, these two charts show that housing market activity is essentially at it’s peak, because civilian employment is moving sideways, not growing.  … – Realty Biz News 
(quotes the usual suspects) BofA Jumbo-Deal Delay Shows Market on Life Support: Mortgages – By Jody Shenn – Bloomberg 
RealtyTrac: Big five banks see 41% drop in pre-foreclosures – By Kerri Ann Panchuk – The big five lenders involved in the national mortgage settlement saw their combined notice of default filings (NOD) and notices of trustee sale (NTS) decline 41% when comparing November filings to a year earlier, RealtyTrac said Thursday.  … But when surveying pre-foreclosure filings in judicial states for the five big lenders – including Bank of America, Citi, JPMorgan Chase [stock JPM], Wells Fargo ($33.50 0%) and Ally – pre-foreclosure filings are up 26% from a year ago. … – Housingwire

Nationstar powers up for more mortgage servicing purchases: Compass Point – by kpanchuk – 
(chart and spreadsheet) Lawler: Delinquency/Foreclosure Rates by State for Five Servicers – by Bill McBride – From economist Tom Lawler: “Free” Data on Delinquency/Foreclosure Rates for First and Second Liens by State for Five “Mortgage Settlement” ServicersCalculated Risk

Home Seizures Rise as Banks Adjust to Foreclosure Flow – By Dan Levy – Home seizures in the U.S. rose 5.4 percent last month, the first annual gain in two years, as lenders seek to manage the flow of distressed properties without disrupting the housing recovery, according to RealtyTrac.  … “Lenders have figured out how to play the foreclosure game in this new world where they’re getting a lot more scrutiny,” Daren Blomquist, RealtyTrac vice president, said in a telephone interview. “Everybody involved in the foreclosure industry has finally got a good handle on how to manage these properties to create a more managed and stable flow.” … – Bloomberg 
Trulia: 31% of Renters Plan to Purchase in Next 2 Years – BY: ESTHER CHO – DS News

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