Skip to main content

Will The Mortgage Default / Bank Foreclosure Ratel Reverse Course in 2016? Team Thayer #Eugene#Oregon #RealEstate #housing #market #news

The default rate on first mortgages was up and down for all of 2015, ending the year with three consecutive months of slight increases, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices.
Which direction will the mortgage default index head to start the new year? The industry will find out on Tuesday, February 16, when S&P/Experian releases the consumer credit default report for January 2016.
The first mortgage default rate was 0.84 percent in December, an increase of two basis points from November. The rate ticked up by one basis point in November and by five basis points in October. Even after the three straight months of increases, the first mortgage default rate was still down by 18 basis points over-the-year in December 2015.
Three months of increases late in the year do not make a trend, according to David M. Blitzer, Managing Director & Chairman of the Index Committee at S&P Dow Jones Indices.
“The first mortgage move was not unusual given past patterns,” Blitzer said. “There were no seasonal patterns or other concerns that stand out.”
In January 2015, the first mortgage default rate held steady from December to January at 1.02 percent following a jump of five basis points in December, its largest increase in the previous 15 months.
The second mortgage default rate was up by eight points year-over-year in December, however, at 0.67 percent. Though it held steady from November to December, it spiked by 20 basis points in the previous two months.
The composite index, which is comprised of the first and second mortgage default rates, the bank card default rate, and the auto loan default rate, stayed flat at 0.97 percent from November to December. On the remaining two indices that make up the composite rate, the default rate on auto loans was unchanged over-the-month in December at 1.04 percent while the bank card default rate plummeted by 42 basis points down to 2.49 percent.

justin lee thayer
Justin Lee Thayer 541 543 7287

Popular posts from this blog

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread...

Understanding the tax advantages and disadvantages of homeownership #realestate #taxadvantage #taxes #housing #market

It’s no secret that some of the major perks of homeownership are the tax write-offs and advantages that follow the purchase. In fact, according to a 2015 survey by the National Association of Realtors, 80% of homebuyers see homeownership as a good investment, and 43% think it’s better than investing in the stock market. Reaping the rewards of mortgage interest and property tax deductions is just one way to think of your home as an investment. But there are even more real estate–related tax advantages and disadvantages that can slip under a new homeowner’s radar. It can be relatively easy to trigger tax liabilities or perks (and then fail to claim them) on that new piece of  Eugene, Or, real estate . This is why it’s essential to touch base with your tax pro before every real estate transaction, no matter how minor a question you may have. Sometimes planning and timing make a major difference in the financial impact of a real estate–related tax; other times, ...

Team Thayer Real Estate House Flipping Traps! #flippinghouses #eugeneoregon #oregon #housing #market #realestate

If you’ve got several leads waiting to turn into potential deals, you can’t wait for one to suddenly come knocking at your door. Successful real estate house flippers have one trait in common: they place an emphasis on proper planning. Once you’ve secured a deal, you must decide what kind of rehab you will perform. Will you conduct a few simple cosmetic upgrades (like these  10 rehab projects you finish in one weekend )? Or, is the home nice enough to sell after  an easy prehab ? Are there structural damages that will require you to carry out more major renovations? Will you focus on implementing environmentally friendly renovations  – also known as “greenhabbing” – so that you  qualify for certain tax benefits ? Once you’ve determined your strategy, it is important to ask yourself these specific questions before diving into the construction action: What are the current market conditions in my area? What does my ideal buyer look like? Does my marketing cam...