Servicers Navigate the Post-Pandemic World 2 days ago Related Articles default Delinquencies Foreclosure 2020-02-03 Seth Welborn Tagged with: default Delinquencies Foreclosure About Author: Seth Welborn Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Eastern U.S. Dominating Delinquency Declines Servicers Navigate the Post-Pandemic World 2 days ago Delinquencies fell by 3.75% month-over-month in December, according to the latest Black Knight Mortgage Monitor report, while the foreclosure rates fell 1.57%. Year-over-year, delinquencies declined by over 12%.Additionally, Black Knight found that there are now 2.05M loans in some stage of delinquency, including active foreclosures down 236K from the same time last year and the lowest year-end volume since the turn of the century. The strongest declines were primarily in the east and southern portions of the country and in areas heavily impacted by the 2017 and 2018 hurricane seasons.Southern states including Mississippi, Louisiana, Alabama, and Arkansas held some of the largest volumes of non-current loans in the country. As of December 2019, Mississippi holds the highest volume at 9.99%, though this is a month-over-month decline from November’s 10.44%, and a 0.93% decline year-over-year.All top five states in non-current percentages have seen marked declines over the year, with the biggest decline in Louisiana, where the non-current percentage fell by 6.81% from December 2018.The lowest non-current percentages, meanwhile, remain concentrated on and around the East Coast, with Colorado still holding the lowest rate at 1.74%, down from November’s rate of 1.81%. Behind Colorado falls Washington (1.77%), Oregon (1.84%), Idaho (1.91%), and California (2.01%).Black Knights report also covered home price growth. Growth fell from nearly 7% in early 2018 to 3.8% in August 2019, but it gained almost a full percentage point over the last four months of 2019—reaching 4.7% to close the year.“Still, even with home price growth accelerating, today’s low-interest-rate environment has made home affordability the best it’s been since early 2018. At that time, the housing market was red-hot, with national home price growth at 6.6% and climbing—before rising rates and tightening affordability triggered a pullback in growth rates,” said Black Knight Data & Analytics President Ben Graboske. “That’s not the case today. Despite the average home price increasing by nearly $13,000 from just over a year ago, the monthly mortgage payment required to buy that same home has actually dropped by 10% over that same span due to falling interest rates.” Previous: Why GSE Advisor Represents an ‘Important Milestone’ Next: FEMA Funding $2M Wildfire Mitigation Program in California in Daily Dose, Featured, Foreclosure, Market Studies, News February 3, 2020 1,437 Views Eastern U.S. Dominating Delinquency Declines Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago
LINCOLN, New Zealand (CMC) – Leading West Indies batsman Kraigg Brathwaite warmed up for Friday’s first Test against New Zealand with a half-century, as the Caribbean side earned a tame draw against New Zealand A in their three-day match here yesterday.Having failed in the first innings, the right-hander carved out 88 in the second on the final day of the contest at the Bert Sutcliffe Oval, to find form ahead of the two-Test series against the Black Caps.West Indies, resuming from 53 for two overnight, were dismissed for 186, with wicketkeeper Shane Dowrich chipping in with 47 to follow up his first-innings 35.Worryingly, however, there was another failure for Jermaine Blackwood who fell without scoring after making just four in the first innings.Hamish Bennett led New Zealand A with three for 50 while fellow seamers Jimmy Neesham (2-16), Lockie Ferguson (2-24) and Logan van Beek (2-46) all finished with two wickets each.The hosts then rattled up 72 without loss as the match petered out into a predictable draw, with West Indies affording their bowlers decent spells in preparation for the first Test.Jeet Raval stroked an unbeaten 32 and captain Tom Latham, 28 not out, both players using the game to also get in tune for the Test series.Resuming the day hoping for another productive batting display, West Indies were rocked early when Roston Chase added two to his overnight four before perishing and Blackwood followed soon afterwards.On 72 for four, West Indies were bailed out by Brathwaite who put on 29 for the fifth wicket with Raymon Reifer (12) and a further 70 for the sixth wicket with Dowrich.All told, Brathwaite faced 124 deliveries in 3-1/2 hours and counted 12 fours while Dowrich struck five fours and a six in a 71-ball knock.The prolific Barbadian is expected to lead West Indies’ batting in the Test series as the visitors chased their first series win on New Zealand soil in 22 years.Brathwaite’s retirement, however, led to a lower order slide with the last five wickets going down for 15 runs.The first Test gets underway at the Basin Reserve in Wellington on December 1.WEST INDIES 1st Innings 451-9 decl.NEW ZEALAND A 1st innings 237WEST INDIES 2nd innings (o/n 53 for two)K. Brathwaite ret. out 88K. Powell b Ferguson 4S. Hetmyer b van Beek 10R. Chase c Worker b Ferguson 6J. Blackwood c Astle b Bennett 0R. Reifer c Latham b van Beek 12S. Dowrich b Bennett 47J. Holder c wkp. Blundell b Neesham 0D Bishoo c wkp. Blundell b Neesham 1A Joseph c Broom b Bennett 0K Roach not out 2Extras: (b-4, lb-1, nb-3, w-8) 16Total: (all out, 53 overs) 186Fall of wickets: 1-9, 2-43, 3-71, 4-72, 5-101, 6-171, 7-178, 8-178, 9-179.Bowling: Ferguson 7-1-24-2, Bennett 11-2-50-3, van Beek 10-0-46-2, Astle 15-3-34-0, Neesham 7-3-16-2, Worker 3-0-11-0.NEW ZEALAND A 2nd inningsJ. Raval not out 32T. Latham not out 28Extras: ((b-4, lb-1, nb-7) 12Total: (without loss, 29 overs) 72Bowling: Gabriel 4-2-4-0, Roach 4-1-11-0, Cummins 4-2-9-0, Joseph 2-1-6-0, Chase 8-3-13-0, Reifer 4-2-9-0, Bishoo 2-0-11-0, Brathwaite 1-0-4-0.