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US AD&C Lending Condition: July 2015
Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s most recent survey on AD&C financing, although a separate Federal Reserve survey is trending differently. In the second quarter of 2015, the overall net tightening index of the NAHB survey was -30.7,which represents somewhat less easing…
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US Mortgage Deliquency: July 2015
Freddie Mac reported Friday that the Single-Family serious delinquency rate declined in July to 1.48 per cent, down from 1.53 per cent in June. Freddie’s rate is down from 2.02 per cent in July 2014, and the rate in July was the lowest level since October 2008. Freddie’s serious delinquency rate peaked in February 2010…
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Mortgage Delinquency and Foreclosure Rates, US
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.68 per cent of all loans outstanding at the end of 4Q 2014, according to the Mortgage Bankers Association Wednesday. The delinquency rate for mortgage loans was the lowest level since 3Q 2007. The delinquency rate decreased 17…
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US Mortgage Foreclosures Lowest Since 2006
The number of US properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said Thursday. In total, 1,117,426 properties were at some stage of foreclosure proceedings in 2014, down 18 per cent from 2013 and off 61 per cent from the peak…
