Shadow Inventory Falls to Lowest Level Since August 2008

Overall residential shadow inventory, as of July 2013, was 1.9 million homes, according to CoreLogic. That’s the lowest shadow inventory tally reported since August 2008. The industry’s current shadow inventory carries a value of $293 billion, down from $380 billion in July 2012. It represents 3.7 months’ of supply and accounts for 85 percent of the 2.2 million properties that were seriously delinquent, in foreclosure, or bank-owned at July month-end. » Read More

Foreclosures Lowest Since Q2 2007 as Starts Plummet to 7-Year Low

There were a total of 376,931 U.S. properties with foreclosure filings in the third quarter of 2013, RealtyTrac reported Thursday. The Q3 figure represents a 7 percent decline from the previous quarter and a 29 percent decline from the third quarter of 2012. By RealtyTrac’s calculations, one in every 348 U.S. housing units had a foreclosure filing last quarter, which puts Q3 foreclosure activity at its lowest level since the second quarter of 2007. » Read More

The good news is that the commercial and insurance segments are doing very well. And, these are the segments with the higher quality firms that pay the higher fees.

Life is still great outside of the mortgage segment.

Life will be great is 2014 as the economy improves. The Mortgage Segment will be dead in 2014.

Many field service representatives will miss the signs of death because they do not want to open their eyes.