Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago October 11, 2017 1,635 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Market Update on SFR Activity Next: Wildfire Impact to Cost Billions in Housing Damages Home / Daily Dose / FHFA Data Shows Decrease in Short Sales, Deeds-in-Lieu Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Foreclosure, Headlines, News Tagged with: FHFA Foreclosure Prevention Related Articles The Federal Housing Finance Agency (FHFA) released its July Foreclosure Prevention Report Wednesday outlining its most recent data on foreclosure prevention, including permanent loan modifications. One of the more dramatic changes in foreclosure prevention activities occurred in home forfeiture actions. In July, 884 short sales and 339 deeds-in-lieu were completed, down 24 percent compared to June, at 1,115 and 503 respectively.Other foreclosure prevention actions utilized by the GSEs included retention strategies such as forbearance plans, repayment plans, and loan modifications. According to the report, there were 13,845 foreclosure prevention actions in July, bringing the total to 3,945,069 since the FHFA gained conservatorship in 2008. The report indicates permanent loan modifications decreased 1,368 month over month with 10,217 modifications in July.Borrowers who received permanent loan modification who were considered “seriously delinquent” dropped 4 percent from 81 percent to 71 percent in July. The FHFA considers a borrower seriously delinquent when their loan is in the process of foreclosure plus loans that are three or more payments delinquent.The GSEs combined serious delinquency rate dropped to 0.94 percent from 0.95 percent, the lowest year-to-date. Third-party and foreclosures sales decreased 14 percent in July to 5,117, also the lowest YTD. Foreclosure starts declined 6 percent from 13,028 in June to 12,255 in July.When examining the reasons for delinquency, the FHFA cited curtailment of income, excessive obligation, unemployment, illness of principal mortgagor or family member, and marital difficulties as the top five reasons.As reported on Friday, The U.S. Department of Labor recently released its September 2017 Employment Situation, which was impacted by recent Hurricanes Harvey and Irma. “The Bureau of Labor Statistics noted that the number of workers who had a job but were not at work due to bad weather jumped to a two-decade high,” said First American Chief Economist Doug Duncan in reaction to the report. “The hurricane impact will dissipate over time, as we have observed during the aftermaths of previous major storms.”The full report can be viewed here. FHFA Foreclosure Prevention 2017-10-11 Dean Terrell About Author: Dean Terrell The Best Markets For Residential Property Investors 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe FHFA Data Shows Decrease in Short Sales, Deeds-in-Lieu Demand Propels Home Prices Upward 2 days ago
Women on the Verge played its final performance at the Belasco Theatre on January 2, 2011. It officially opened on November 4, 2010 with a cast filled with Broadway heavyweights including Tony Award winners Patti LuPone, Brian Stokes Mitchell and Laura Benanti, as well as Danny Burstein and Justin Guarini. Women on the Verge of a Nervous Breakdown is set in 1980s Madrid and tells the story of the intertwining lives of a group of women whose relationships with men lead to a tumultuous 48 hours of love, confusion and passion. The musical features a book by Lane, with music and lyrics by Yazbek. Greig will star as Pepa. She won the Olivier for Much Ado About Nothing and received an Olivier nod for The Little Dog Laughed. Other stage credits include Jumpy, The God of Carnage and King John. Her screen credits include Green Wing, Black Books, Episodes, Shaun of the Dead, White Heat, The Guilty and Emma. View Comments Jeffrey Lane and David Yazbek’s Women on the Verge of a Nervous Breakdown, which closed early on Broadway in 2011, is set to open in London. The tuner, based on the Spanish movie of the same name by Pedro Almodovar, will star Olivier winner Tamsin Greig and begin previews on December 20. Opening night is scheduled for January 12, 2015 at The Playhouse Theatre. Bartlett Sher, who directed the Great White Way incarnation, will helm the reworked, scaled down, U.K. production.