Home > Boards > US Listed > Insurance > MGIC Investment Corp. (MTG)

MORTGAGE DELINQUENCIES DOWN 12.42% IN DECEMBER: BLACK NIGHT'S

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
tommiegun54 Member Profile
 
Followed By 0
Posts 296
Boards Moderated 0
Alias Born 05/09/17
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/2/2020 9:05:59 AM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 4/1/2020 4:35:44 PM
Additional Information Regarding The MGIC Investment Corporation Annual Meeting Of Shareholders To Be Held On Thursday, April... PR Newswire (US) - 4/1/2020 4:30:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/27/2020 4:53:14 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/25/2020 5:04:26 PM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 3/20/2020 10:22:05 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/6/2020 9:49:45 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/5/2020 10:22:10 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/5/2020 9:41:26 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/5/2020 9:41:21 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/5/2020 9:41:06 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/5/2020 9:40:46 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:45:48 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:45:38 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:45:37 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:45:32 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:45:17 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:45:11 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:45:10 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:44:57 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:44:56 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:44:34 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:44:30 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:44:24 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/2/2020 11:44:09 AM
tommiegun54   Friday, 01/24/20 07:52:10 AM
Re: None
Post # of 1047 
MORTGAGE DELINQUENCIES DOWN 12.42% IN DECEMBER: BLACK NIGHT'S "FIRST LOOK"

MORTGAGE DELINQUENCIES CONTINUE TO DEFY SEASONAL TRENDS IN DECEMBER 2019 TOO!

MORTGAGE NEWS DAILY
JANUARY 23, 2019 9:07AM

BY: JANN SWANSON
Foreclosures at 14-Year Low; Loan "Mortality" up 126% Annually


Even though many of the measures are already at record lows, mortgage delinquencies continue to tick downward according to Black Knight's "first look" at December loan performance data. At the same time, the Single Month Mortality (SMM) rate, an indicator of mortgage loan prepayments, continues to increase, but at a slower rate.

Mortgage delinquencies fell by 3.75 percent from November to December and were down 12.43 percent compared to December 2018. At the end of the month there were 1.80 million loans that were 30 days or more past due, although not in foreclosure, 3.40 percent of all mortgaged homes. That delinquency rate is 0.04 percent away from the record low set in May 2019.

Serious delinquencies declined by 12,000 month over month and 84,000 on an annual basis. At the end of December there were 427,000 loans that were 90 or more days past due but not in foreclosure.

Foreclosure starts did increase during the month, jumping by 18 percent to 39,500. This is still 14.70 percent fewer such legal actions than in December 2018.

The foreclosure inventory, loans in the process of foreclosure, stands at 427,000. This is 3,000 fewer than in November and an annual decline of 26,000 loans.

The national foreclosure rate fell again in December to reach a new 14-year low of 1.48 percent (foreclosure sales as a percent of serious delinquencies.) This is the lowest rate on record except for the final five months of 2005.

After falling by 19 percent in November, prepayment rates ticked upward in December, rising 1.43 percent to a SMM rate (single month mortality rate... basically a measure of how quickly loans are being paid off due to refinancing or selling to purchase a new home) of 1.48 percent. This is 126 percent higher than the SSM a year earlier.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist