Analyzing Mortgage Delinquency Performance

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post About Author: Donna Joseph Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Declining unemployment rates and rising home prices have helped reduce delinquency rates, according to Archana Pradhan, Senior Professional, Economist at CoreLogic. In her blog titled “Mortgage Delinquency Rates for All Loan Types Continue to Fall”, Pradhan indicated that the serious delinquency rate for September 2018 was 1.5 percent, representing a 0.4 percentage point decline compared with September 2017. The blog based on information from the CoreLogic Performance Index revealed that the serious delinquency rates for Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), and conventional loans were 3.7, 1.9 and 1.1 percent as of September 2018—representing an 11-year low. CoreLogic data shows the serious delinquency rate for FHA loans is more than three times higher than the serious delinquency rate for conventional loans, partly because of the rise in FHA to conventional refinancing since 2013, Pradhan said. FHA to conventional refinances accounted for about 10 percent of all refinances in 2017 compared to 2 percent in 2012.Pradhan pointed out that a closer look reveals that today’s delinquency rates are influenced by older loans, wherein about 67 percent of the conventional loans that were seriously delinquent in September 2018 were originated between 2003 and 2009 compared to just 23 percent of seriously delinquent conventional loans originated between 2010 and 2018. About 48 percent of the FHA loans and 69 percent of VA loans that were seriously delinquent were originated between 2010 and 2018, the blog indicated.According to CoreLogic, the delinquency rates were much higher for all loan types originated between 2006 and 2008. An improvement in all types of loans recorded gradual improvement in delinquency rates were much higher for all loan types originated between 2006 and 2008. Performance of all types of loans started to improve gradually beginning with the 2009 vintage as the underwriting standards tightened and the economic recovery began mid-2009Another key finding of the report was that loans originated in 2015 and 2016 have performed the best, with the lowest 15-month delinquency rate in a decade. The affordable loans originated in the past three years have a significantly lower delinquency rate than the FHA and VA loans. In fact, the serious delinquency rate for affordable housing loans is only a little bit higher than that of conventional loans. Read the full report here. Previous: The Housing Market’s New Normal? Next: In Times of Emergency Analyzing Mortgage Delinquency Performance in Daily Dose, Featured, Market Studies, News, Servicing Share Save Tagged with: Archana Pradhan CoreLogic Delinquency Mortgage Rates Serious Delinquency Archana Pradhan CoreLogic Delinquency Mortgage Rates Serious Delinquency 2019-01-03 Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago January 3, 2019 3,537 Views center_img Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Home / Daily Dose / Analyzing Mortgage Delinquency Performance Related Articleslast_img read more

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Army equality leads to female fallout

first_img Comments are closed. Female Army recruits are more than twice as likely to suffer a traininginjury now that they are expected to reach the same levels of fitness as men. Research conducted by an Army occupational physician, Lt Col Ian Gemmell,shows that women are up to eight times more likely to be discharged from dutybecause they are injured through training. Although recruits from both sexes have trained together for many years, theArmy had traditionally operated a gender-fair policy, where female recruitswere not expected to attain the same levels of physical fitness as their malecounterparts. However, since 1998 the Army has had a gender-free programme, which meansthat the same physical tests are applied to all soldiers. The policy was introduced after it was discovered that some women wereunable to carry out certain duties after completing training. The research reveals that since the introduction of the new training policy,the number of discharged men remained below 1.5 per cent, but for women thefigures rose from 4.6 per cent to 11.1 per cent. “H&S guidance has been overlooked in the interests of meeting equalopportunity legislation,” said Gemmell. www.rsm.ac.uk Previous Article Next Article Related posts:No related photos. Army equality leads to female falloutOn 8 Jan 2002 in Personnel Todaylast_img read more

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RHM looks to second-half profit

first_imgBakery and food giant RHM has said it expects profit to be skewed towards the second half of the year.In an AGM statement this week, the company said the impact of higher wheat prices, increased marketing spend and the timing of price increases would weigh profit to the second half even more than usual. RHM chairman Jan du Plessis said that RHM’s bread bakeries and customer partnerships businesses had continued to progress satisfactorily.He added that the cakes business had continued to make good progress, with the Mr Kipling brand delivering both encouraging like-for-like sales growth and market share gains, as actions taken to improve performance in the second half of last year continue to build momentum.Sales in the first four months of RHM’s financial year, which are traditionally the quietest, were 2% ahead of last year, he said.last_img read more

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