Tuesday, July 18, 2017

CoreLogic Loan Performance Apr '17



First the good news.  Delinquencies are continuing to trend down.


 

Now the bad news.  Delinquencies are continuing to evermore not heal.
If the link works the Full Report is here.  CoreLogic is a valuable resource. 

76 comments:

Lawyerliz said...

You mean you can't go below zero?? How disappointing.

Lawyerliz said...

The deficit is not as bad as it could be.

Lawyerliz said...

CR used to post those yearly bars. Can you do that?

Rob Dawg said...

Yeah, yearly trends a bit later. Things starting to get busy in RealWorld™. Glad I squeezed this 45 mins to talk and put up a new post.

sm_landlord said...

I guess the transition rates mean that while a lot of messes have been cleaned up and fewer messes are being made, SOP is becoming more about mailing in the keys when things get bad.

In an environment where even the fairly well-off struggle to build savings after the taxes are extracted, most people just don't have the cushion to deal with a mortgage when they hit a run of bad times. And in an environment of low rates caused by money desperate for yield, I don't know how the lenders can cover the foreclosure costs.

Between the Giant Tick™ and the Financial Repression™ we're lucky that things are not worse than they are at this point.

Rob Dawg said...

Gosh we haven't mentioned the Giant Tick™ in a long time.

In addition to mailing in the keys you have to consider the dozen or so three letter acronym diversion programs that keep millions of marginal mortgage notes from getting the dread pre-foreclosure label.

Lawyerliz said...

Foreclosure . . The banks never could afford them. Which is why they got so much help. Nor did they have the fainted idea of how to minimize their losses.
No by is talking lately of how many houses are still underwater. The signature of unmowed lawns I far less evident here.

Lawyerliz said...

Omg it's hot out there.

Lawyerliz said...

Health care bill collapsed??

Rob Dawg said...

It is a pleasant 74° but an oppressive 70%rh. Hazy enough to almost obscure the Topa Topa Mountains.

Bill still thinks he is tracking the trend:

http://www.calculatedriskblog.com/2017/07/black-knight-mortgage-monitor.html

Rob Dawg said...

Yes, the Senate cannot get the votes and the thing is already compromised into a hot mess. Not fixable. I still say let ACA die without any Republican fingerprints.

Maybe now we can hear the truth about how bad McCain's health is.

Rubygoat said...

I wish McCain were 10 years younger and had run against Hillary instead of Obama.

Rob Dawg said...

The rats leaving the sinking ship. Chicago:
\http://www.fiercepharma.com/pharma/takeda-has-moved-hundreds-r-d-vaccine-employees-from-illinois-to-boston-report

Lawyerliz said...

He did run when he was younger. I like him a lot then.

Lawyerliz said...

Boston is not low tax.

Rob Dawg said...

Everywhere is better than Chicago. Even Boston.

Lawyerliz said...

Is tax you only criterium?

Cinco-X said...

How about murder rate as a criteria?

Cinco-X said...

How about corruption as a criteria?

Rob Dawg said...

Chicago. Taxes. Weather. Attitude. Corruption. Crime. The airport. Not much to like about the city.

Lawyerliz said...

Criteria is plural. Latin you know.

Lawyerliz said...

It has beautiful buildings

sm_landlord said...

Chicago?

http://www.theonion.com/article/city-chicago-working-around-clock-clear-18-inches--54833

http://www.theonion.com/article/environmental-study-finds-air-in-chicago-now-75-bu-36407

Rob Dawg said...

Miami are you listening?

https://wattsupwiththat.com/2015/04/25/raising-chicago-how-the-city-of-chicago-defeated-flooding-in-the-1850s/

Lawyerliz said...

New York is not low tax, neither is Chicago. People like them too.

Lawyerliz said...

Global Warming. /Ducks

Rob Dawg said...

Overdrafting.

Rob Dawg said...

I like New York. I am not anti city. Most cities have something to recommend them. Chicago is an exception. The cities Ontario, San Bernardino, Riverside all exist only to house people who might otherwise try to crowd the interesting places.

Rob Dawg said...

Just posted sea level story.

https://wattsupwiththat.com/2017/07/18/sea-level-rise-subsidence-and-hurricanes-oh-my/

Rob Dawg said...

I see that Gov Moonbeam got his cap and trade bill framed through. Another straw on the camel.

It's been hours but I picked a few black Cobra peppers and touched my nose. My whole face still hurts. Hot.

Rob Dawg said...

First salsa of the year. Awesome.

Rob Dawg said...

sm_refugee. Check out today's Ventura County Star. A whopping 24 pages including the classifieds. More than half the "content" filler from USA Today. Dead tree walking.

Rob Dawg said...

As expected Kammi Harris is being groomed to be the best of Obama and Hillary. The good news is that she is so obviously a psychopath that in the best case she won't even hold her Senate seat.

Speaking of which. In Dawgifornia no sitting federal elected can run for a different office if they aren't already end of term. IOW you cannot lose and return to fill out the remainder of an existing term.

LBD said...

Good Evening!

Been busy looking at acreage and barn properties with a friend and spent the day at the Chemo lounge.

I see no attraction to any big city. The concentration of people ruin any of the qualities they may have.

Rubygoat said...

so the plan seems to be that no one will have health insurance. T says let ACA collapse on itself as the healthy start to opt out and the sick pay every higher premiums. politicians fight and the people suffer.

Rob Dawg said...

You misunderstand my position. Cities are for visiting not living.

Cinco has a barn property. I have a high likelihood of buying a barn property through Tom Stone after the last baby bird flies on its own.

Rob Dawg said...

We all in this nation need to have a discussion of insurance v wellness v mantainence v prevention v public interest health.

LBD said...

I see health as a state issue but if the fed is involved they should have a very small and simple part. Obummercare should have never happened as it was a step to total control.

Rob Dawg said...

ACA -has- to collapse. I'm sorry but we learn from failure far more than accidental success.

Rob Dawg said...

It is no accident. Obamacare was designed like the EU. No way to undo and all fixes lead to more central control. Fixing ACA only gets closer to single payer.

Rob Dawg said...

Hey! Where's the yelling and screaming and insults?

sm_landlord said...

Are y'all ready for the insurance company bailouts when the ACA collapses?

Rob Dawg said...

In ready to let uncle Warren swing from the petard of his own making if that's what you mean.

Rob Dawg said...

Anyone seen the death knell of Hartford Connecticut? Bad insurance flight and losses.

Rob Dawg said...

Okay. Bad Dawg. You hear a death knell not see one.

Rubygoat said...

I agree that ACA never should have happened. I wanted the insurance co. cut out of the equation entirely. There is not enough transparency and the market is not free, so market forces don't apply to health care.

Rubygoat said...

The consumer can't shop around, not even the hospitals know what they are charging for the services they provide. Insurance is profit motivated to deny coverage. Proving fraud is impossible.

Lawyerliz said...

Milk can help with pepper string.

Lawyerliz said...

Sting

Rob Dawg said...

Liz. This is acid burn not milk relief.

sm_landlord said...

SoCal governments continue to destroy transportation infrastructure, and J6P is starting to push back. Finally.

http://www.latimes.com/local/lanow/la-me-ln-bike-lane-backlash-20170623-story.html

LBD said...

I remember when they started the on ramp stop lights, the line was so long I took surface streets to SM from CC. Doubled my travel time back in the day, I can't image it today.

Lawyerliz said...

When my son went into the army, we had to prove he had his shots. Everyone had lost their records so he had to get them again
I couldn't get anyone to tell me how much they cost. This was no fancy operation or anything

Lawyerliz said...

Here they cry traffic if you have to sit through a stoplight. In Miami there are just too many people. Rush hour really all the time.

Lawyerliz said...

Aloe. Fresh aloe. Don't you grow it?

Lawyerliz said...

Tried to check under water housing. All I found was about flooding. That's bether I guess. Maybe.

Lawyerliz said...

Will Trump manage to pass nothing? He should try infrastructure
That might pass. Ron Paul will still be against it!

Lawyerliz said...

You would still have to put it in the right states, not where it is neededost. Oh,well, we need it everywhere.

Lawyerliz said...

Trump is teaching Dems to hang together.

Lawyerliz said...

Planted 2 small plant and finish lant in 1 and I'm exhausted. And it's only in the low 80s

Lawyerliz said...

Planting

Lawyerliz said...

The BANK gAve the son a bit of a hard time when he went to qualify (for a rediculous) reason, so I think that they haven't quite forgotten their evil ways. So I think foreclosures will not be a problem problem for 4 or 5 years. We will figure new problems to have.

Lawyerliz said...

I gave him and his sister some money, which he didn't need to qualify ( they told him that), but he had to prove it was a gift not a loan. It held up the closing.

Lawyerliz said...

Hey, east coasters wake up.

Cinco-X said...

The Blues Scene in Chicago in kinda kewl

Cinco-X said...

Ya... Be glad you didn't go take a whiz

Cinco-X said...

Are you heading to Northern California?

Cinco-X said...

A possible win for the Rs would be single payer catastrophic health insurance. Any single event over $250k...

Cinco-X said...

Wash with soap and water to remove the capsaicin.

Cinco-X said...

Search negative equity

Rob Dawg said...

Gators. Pythons. Hurricanes. And now sinkholes! Stay away.

LBD said...

Good morning!

Canceled the trip to the lake this AM, valley full of fog.

Mutual funds slowed down but making progress. Stock poorfolio not doing to well. Plateau before they jump?

Rob Dawg said...

Years ago a summer market muddle was normal and expected. I don't know what if anything it means now.

LBD said...

Unpredictable change is the new normal.

Lawyerliz said...

There still is no normal

Rob Dawg said...

No new normal but there is a new post about a new material.