DSNews Webcast: Thursday 10/2/2014

first_img October 1, 2014 739 Views Related Articles The nation’s serious delinquency rate on single-family mortgage loans for August was the lowest it has been in six years, according to Fannie Mae’s August 2014 Monthly Summary released recently. Fannie Mae reported the serious delinquency rate for August to be 1.99 percent, which is its lowest level since October 2008 – a month after Fannie Mae’s conservatorship under the Federal Housing Finance Agency began. The August rate was down slightly from the 2.00 percent that was reported for July and down from 2.61 percent that was reported in August 2013.Since the serious delinquency rate has fallen by 0.62 percentage points in the last year, analysts say the rate could fall below the “normal” level of 1.0 percent sometime in 2016, although declines have come at a slower pace in recent months. The serious delinquency rate reached its peak of 5.59 percent in February 2010. Fannie Mae reported that more than 9,300 permanent loan modifications were completed in August, making a total of more than 88,200 loan modifications year-to-date through August 31, 2014.RealtyTrac named 16 U.S. counties as high-risk, high-yield hot spots for single-family rental investing in its Q3 2014 Residential Property Rental Report released today. All of the 16 counties had a 14 percent or higher annual gross rental yield; an employment rate above 6.2 percent, which was the national average in July 2014; and a rental vacancy rate above the national average, which was 8.7 percent as of the end of 2012. Edegcombe County in North Carolina, part of the Rocky Mount, North Carolina, metro area, was at the top of the list for investment hot spots with a 41.57 percent annual gross yield. Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago DSNews Webcast: Thursday 10/2/2014 Previous: Report Identifies Hot Spots for Single-Family Rental Investing Next: Foreclosure Inventory Plummets Year-Over-Year in August Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / DSNews Webcast: Thursday 10/2/2014 Servicers Navigate the Post-Pandemic World 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago in Featured, Media, Webcasts Sign up for DS News Daily 2014-10-01 Jordan Funderburk About Author: Jordan Funderburk Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agolast_img

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