10 Places Most Affected By Delinquencies

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago August 27, 2020 3,003 Views Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago A number of metros in seven states are under enhanced siege by a percolating number of FHA delinquencies, jeopardizing homeowners and neighborhoods, according the AEI.org.A cocktail of factors place them at pronounced risk. They include, a large FHA portfolio containing a high percentage of delinquent loans (>17%) or seriously delinquent loans (>10%); these percentages include loans in forbearance; and an FHA share of all purchase loans in 2019 >15%.There reportedly were 1,363,753 delinquent loans. Among FHA foreclosure rates for top 169 metro areas, the 10 most profoundly threatened by a mounting number of FHA delinquencies were Atlanta-Sandy Springs-Alpharetta, Georgia, leading the way with 52,865. Following were Houston-The Woodlands-Sugar Land, TX, 46.025; Riverside-San Bernardino-Ontario, CA, 22,788; Baltimore-Columbia-Towson, MD, 21,078; San Antonio-New Braunfels, TX, 16,764; Orlando-Kissimmee-Sanford, FL, 16,643; and Tampa-St. Petersburg-Clearwater, FL, 16,153.Over time, those delinquency percentages are expected to climb and, at some point, a significant chunk of the then delinquent loans, it’s also anticipated, would be placed on the market by owners facing distressed conditions or convert into foreclosures prior to hitting the market. Then, buyers’ markets would be expected to develop in zip codes particularly vulnerable to FHA and other high-risk lending mixed with high levels of delinquencies. Mostly low income; zips will be at about 50-90% of area median income) and contain high percentages of households of color will be among homeowners in these zip codesIn July, 17% of FHA’s approximately eight million loans were delinquent, the FHA Neighborhood Watch, which consists of loans in forbearance, reported. Furthermore, also during the month, 10.5% of FHA’s approximately eight million loans were seriously delinquent.In April, not only did the share of loans that became delinquent outpaced anything experienced during the Great Recession, it’s the highest rate on record in 21 years, according to CoreLogic’s data, as previously reported.During the month, 3.4% of mortgages went from current to 30 days past due–outpacing the 2% high recorded in late 2008.Despite the scale and suddenness of the pandemic, mortgage delinquency has yet to emerge as a major issue, thanks to government COVID-19 relief programs and other housing finance industry efforts, said Frank Martell, President and CEO of CoreLogic. “As the true impact of the economic shutdown during the second quarter of 2020 becomes clearer, we can expect to see a rise in delinquencies in the next 12-18 months—especially as forbearance periods under the CARES Act come to a close.” Share Save in Daily Dose, Featured, Foreclosure, News Tagged with: Delinquencies About Author: Chuck Green Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Subscribe The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / 10 Places Most Affected By Delinquencies Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Servicers Navigate the Post-Pandemic World 2 days ago 10 Places Most Affected By Delinquencies Delinquencies 2020-08-27 Christina Hughes Babb Previous: Fannie Mae Offers Assistance to Disaster-Impacted Servicers Next: Competition Heats Up Amid Diminishing Inventory Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Routledge backs Hudds for England

first_img Press Association Swansea playmaker Routledge, who is in a rich vein of form and has many admirers of his own, is set to line up against Hull star Huddlestone in Saturday’s Barclays Premier League clash at the KC Stadium. Huddlestone has not featured under England boss Roy Hodgson since he was selected in the squad for a friendly against Sweden 17 months ago, suggesting his hopes of making the flight for Brazil this summer are remote. He had been part of Fabio Capello’s preliminary 2010 England World Cup group, but then failed to make the final 23-man cut and was not called upon by Capello’s successor Hodgson until November 2012. “Tom is one of the most under-rated players in the league. I have never seen anyone do what he can do with both feet with a football,” former England Under-21 international Routledge said. “Jake (Livermore) complements him well, as Hudds has the vision and he can play the pass, and Jake does a lot of his work. It’s a good pairing and they have done well. “I am sure he (Huddlestone) was appreciated at Tottenham, but it gets to a time in everyone’s career that you want to play games, and if you are not playing the games then why are you playing football? “He made a decision to go to Hull. He has had a good season so far, and I am sure he will continue with it.” Asked if Huddlestone should go to the World Cup, Routledge added: “For me, yes, but I am not the manager of England. “They pick their team how they pick it, but he has got the talent and ability to be around that squad. There is no question of that in my mind.” Former Crystal Palace, QPR and Newcastle midfielder Routledge’s influence on the Swans, meanwhile, has been hailed by Garry Monk ahead of the trip to Hull amid suggestions that the 29-year-old should be in Hodgson’s World Cup picture. Wayne Routledge believes his former Tottenham team-mate Tom Huddlestone should be firmly in the mix for England World Cup selection. “Every single week, his effort has been massive. He has played near enough every minute of every game, and he has got himself a few goals,” Swansea head coach Monk said. “For me, and I have known him for a long time, it is probably one of his best periods in professional football. It is really good to see. “He (Routledge) can only perform how he performs. They are all different players. There is no wrong or right player. At the end of the day, it’s whatever the manager of that national team wants. “I could say Wayne is better than him, or him, but if the manager is looking for a different type of player it’s his opinion that counts. “If he thinks (Adam) Lallana is better than Wayne, he has the right to choose that. I think Lallana is a very good player, to be honest with you. They are different types of players, but it depends on what you want from your team.” Swansea will tackle Hull with Monk singing the praises of one player who looks certain to be in Brazil – striker Wilfried Bony. The Ivory Coast international has scored 20 goals in all competitions for Swansea this season, with Bony’s performances during recent months afforded added credence given his responsibility for leading the line in fellow striker Michu’s three-month injury absence. And after making such an impression during his first full season of English football, Monk has conceded that Bony could become a target for other clubs. “It may be that there is interest, but you could say that about players in every team,” Monk added. “We want him as part of our future. We want to build a team around him and players like him, and the good thing is that we are not a selling club. “We want as many of our players to go to the World Cup as possible. I hope Wilf goes out there, does really well and then comes back here full of confidence.” last_img read more