CoreLogic: Underwater mortgage share down to 10.2% in 1Q15

[facebook] [retweet] More than 254K properties regained equity New analysis shows 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90% of all mortgaged properties, CoreLogic (CLGX) reports. Nationwide, borrower equity increased year…

Saying Goodbye to Real Estate as We’ve Known It (The End of the HUD-1 Era)

[facebook][retweet] It’s time to say goodbye to real estate closings as we’ve known them for the last several years.  The infamous HUD-1 Settlement statement, which is used by title companies and closing attorneys in nearly every real estate transaction, is officially being retired.  The much-maligned and often criticized Consumer Financial Protection Bureau (birthed out of…

Realtor.com: Tightening Inventories Likely To Push Home Prices Up

[facebook] [retweet] Inventories tightened 8.7% from January 2014 to January 2015 Housing inventory continues to tighten in markets across the country – a 2015 trend identified by realtor.com Chief Economist Jonathan Smoke in its housing inventory data report for January. Nationwide total listings declined by 6.7% month over month and about 8.7% year over year. “January’s inventory…