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8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Hdmus 2; @dbe drnanebtndes, prdpjrty sb`js bei

ueijrwrntnea mrntjrnb

Hdmus 3; Odinhnmbtnde vd`uojs, pjrhdrobemj bei rnsfs

Hdmus =; Nopbmt dh MHWC rjau`btndes de hdrjm`dsurj

prdmjss

Hdmus 9; Lnal `jvj` odrtabaj obrfjt stbts bei ldoj

prnmj upibtj

Hdmus Wdnets

3

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Drnanebtnde vd`uoj ns tlj `dwjst de rjmdri wntl prjpbyspjjis snaeb`nea odrj irdps ne rjhn drnanebtndes

Odetl`y sb`js wjrj jssjetnb``y h`bt yjbr dvjr yjbr, cut

trbintndeb` sb`js wjrj up b`odst 2:%

Ylj advjreojet slbrj dh drnanebtndes lbs ijmrjbsji,

`ji cy b slbrp irdp ne LBSW drnanebtndes

Mrjint stbeibris lbvj sldwe hjw snaes dh `ddsjenea,wntl vjry `ntt`j drnanebtnde bmtnvnty ne tlj `dwjst mrjint

smdrj cumfjts

Hdmus Wdnet 2; Drnanebtndes, prdpjrty sb`js beiueijrwrntnea mrntjrnb

=

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Odetl`y drnanebtnde vd`uoj ns tlj `dwjst de rjmdri 

9

Xnetbaj Nevjstdr

377> =.3%

3727 9.:%

3722 8.:%

3723 1.7%

372= >.7%

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Wrjpbyojet spjjis snaeb` odrjirdps ne rjhnebemj rj`btji drnanebtndes

:

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Kbeubry sb`js wjrj jssjetnb``y h`bt vs. 372=, cut trbintndeb` sb`js wjrj up b`odst 2:% 

8

Mbsl sb`js rjprjsjet

b`odst lb`h dh b``

trbesbmtndes

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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Ylj advjreojet slbrj dh drnanebtndes lbs ijmrjbsji,`ji cy b slbrp irdp ne LBSW drnanebtndes 

1

Xnetbaj Adv„t %

377> >2%

3727 <>%

3722 <1%

3723 <9%

372= <=%

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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Yljrj ns vjry `ntt`j drnanebtnde bmtnvntyne tlj `dwjst mrjint smdrj cumfjts

<

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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Mrjint stbeibris lbvj sldwe hjw snaes dh `ddsjenea

>

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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HLB sjjfnea td nemrjbsj `jeinea td cdrrdwjrs wntl `dwjr mrjint smdrjs

27

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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Odinhnmbtnde bmtnvnty jeiji 372= ejbr pdst-mrnsns`dws

Ejw LBOW rjau`btndes hdr HLB `dbes ns irnvnea

nemrjbsji odinhnmbtnde bmtnvnty ne jbr`y 3729

Sj-ijhbu`t rbtjs hdr ueijrwbtjr cdrrdwjrs brj

~=7% lnaljr tlbe cdrrdwjrs wntl jqunty

Dvjr >:% dh rbtj rjiumtnde odinhnmbtndes brj

hbmnea rjsjts

Hdmus Wdnet 3; Odinhnmbtnde vd`uojs,pjrhdrobemj bei rnsfs

22

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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Odinhnmbtnde bmtnvnty jeiji 372=ejbr pdst-mrnsns `dw

23

Odis bmtnvnty irdppji wntl

nentnbtnde dh LBOW ‐trnb`s‟

LBOW trnb` mdevjrsnde

mbopbnae

Nop`jojetbtnde dh LBOW

‐Ynjr 3‟ Aunij`nejs

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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Ejw LBOW rjau`btndes hdr HLB `dbes irnvneanemrjbsji odinhnmbtnde bmtnvnty ne jbr`y 3729

2=

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Sj-ijhbu`t rbtjs hdr ueijrwbtjr cdrrdwjrs brj ~=7% lnaljr de bvjrbaj

29

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8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Hdmus Wdnet =; Nopbmt dh MHWC rjau`btndes dehdrjm`dsurj prdmjss

28

Nop`jojetbtnde dh MHWC ru`js mbusji b slbrpslnht ne tlj tnonea dh hdrjm`dsurj stbrts

Ylj rbtnd dh sjrndus ijtjrndrbtnde td hdrjm`dsurj

stbrts ns bt tlj lnaljst `jvj` snemj 3727

Hdrjm`dsurj sb`js lnt tlj `dwjst `jvj`s snemj 3771,

puslnea pnpj`nej rbtnds cbmf up

Ylj bvjrbaj `dbe ne hdrjm`dsurj ns edw 3.8 yjbrs

pbst iuj (vs. 7.1 yjbrs ne 377<)

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Nop`jojetbtnde dh MHWC ru`js mbusji bslbrp slnht ne tlj tnonea dh hdrjm`dsurj stbrts

21

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Ylj rbtnd dh sjrndus ijtjrndrbtnde td hdrjm`dsurjstbrts ns bt tlj lnaljst `jvj` snemj 3727

2<

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Hdrjm`dsurj sb`js lnt tlj `dwjst `jvj`ssnemj 3771, puslnea pnpj`nej rbtnds cbmf up

2>

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Ylj bvjrbaj `dbe ne hdrjm`dsurj ns edw3.8 yjbrs pbst iuj (vs. 7.1 yjbrs ne 377<)

37

2377

Dr

odrj

7

Bvjrbaj ibys

pbst iuj hdr

`dbes ne HM

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Hdmus Wdnet 9; Lnal `jvj` odrtabaj obrfjt stbts beildoj prnmj upibtj

32

Ij`nequjemnjs brj cj`dw 8% hdr tlj hnrst tnoj snemj“7<6 hdrjm`dsurjs idwe =9% ne tlj `bst yjbr

Ejw ^drf, Ejw Kjrsjy bei H`drnib lbvj tljlnaljst rbtjs dh sjrndus`y ij`nequjet (>7+ dr HM)`dbes

Ebtndeb` ldoj prnmjs lbvj h`bttjeji dut dvjr tlj`bst sjvjrb` odetls

Qntl instrjssji nevjetdry rjsd`utnde bei beeub`prnmj nemrjbsjs, ‐ueijrwbtjr‟ rbtjs mdetneuj tdnoprdvj

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Ejw ^drf, Ejw Kjrsjy bei H`drnib lbvj tlj lnaljstrbtjs dh sjrndus`y ij`nequjet (>7+ dr HM) `dbes

3=

27%

Dr

odrj

7

Wjrmjet

>7+ drHdrjm`dsurj

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Ebtndeb` ldoj prnmjs lbvj h`bttjeji dutdvjr tlj `bst sjvjrb` odetls

39

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

 Qntl instrjssji nevjetdry rjsd`utnde bei prnmjnemrjbsjs, ‐ueijrwbtjr‟ rbtjs mdetneuj td noprdvj 

3:

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C`bmf Fenalt Hnebemnb` ]jrvnmjsC`bmf Fenalt Hnebemnb` ]jrvnmjs

CFH] Odrtabaj Odentdr

 Bppjeinx 

Ibtb bs dh Hjcrubry, 3729 Odetl-jei 

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Hjcrubry 3729 Ibtb ]uoobry

31

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

]jvje dh tlj tdp 27 stbtjs hdr tdtb` ede-murrjet brj kuinmnb`

3<

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

@dbe mduets beibvjrbaj ibys ij`nequjet

3>

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C`bmf Fenalt Hnebemnb` ]jrvnmjsC`bmf Fenalt Hnebemnb` ]jrvnmjs

CFH] Odrtabaj Odentdr

Insm`dsurjs; Wrdiumt / Ojtrnm Ijhnentndes bei Obrfjt ]nznea

8/12/2019 Foreclosure Starts are at the Highest Level Since 2010 & Mortgage Originations Plunge to Lowest on Record Ever

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Insm`dsurj Wbaj; Wrdiumt Ijhnentndes

*Mdehdronea `nonts id edt bmmduet hdr tjopdrbry dr lnal-mdst brjb

nemrjbsjs.

=2

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C`bmf Fenalt Hnebemnb` ]jrvnmjs

Insm`dsurj Wbaj; Ojtrnms Ijhnentndes

Ydtb` Bmtnvj Mduet; B`` bmtnvj `dbes bs dh odetl-jei nem`uinea `dbes ne bey stbtj dhij`nequjemy dr hdrjm`dsurj. Wdst-sb`j `dbes bei `dbes ne SJD brj jxm`uiji hrdo tlj tdtb`bmtnvj mduet.

Ij`nequjemy ]tbtusjs (=7, 87, >7+, jtm); B`` ij`nequjemy stbtusjs brj mb`mu`btji usneatlj OCB ojtldid`day cbsji de tlj pbyojet iuj ibtj prdvniji cy tlj sjrvnmjr. @dbes nehdrjm`dsurj brj rjpdrtji sjpbrbtj`y bei brj edt nem`uiji ne tlj OCB ibys ij`nequjet.

>7 Iby Ijhbu`ts; @dbes tlbt wjrj `jss tlbe >7 ibys ij`nequjet ne tlj prndr odetl bei

wjrj >7 ibys ij`nequjet, cut edt ne hdrjm`dsurj, ne tlj murrjet odetl.  Hdrjm`dsurj Nevjetdry; Ylj sjrvnmjr lbs rjhjrrji tlj `dbe td be bttdrejy hdr

hdrjm`dsurj. @dbes rjobne ne hdrjm`dsurj nevjetdry hrdo rjhjrrb` td sb`j. 

Hdrjm`dsurj ]tbrts ” Bey bmtnvj `dbe tlbt wbs edt ne hdrjm`dsurj ne tlj prndr odetl tlbtodvjs netd hdrjm`dsurj nevjetdry ne tlj murrjet odetl. 

Ede-Murrjet; @dbes ne bey stbaj dh ij`nequjemy dr hdrjm`dsurj.

Hdrjm`dsurj ]b`j / Ejw SJD; Bey `dbe tlbt wbs ne hdrjm`dsurj ne tlj prndr odetl tlbtodvjs netd pdst-sb`j stbtus dr ns h`baaji bs b hdrjm`dsurj `nqunibtnde. 

SJD; Ylj `dbe ns ne pdst-sb`j hdrjm`dsurj stbtus. @nstnea stbtus ns edt b mdesnijrbtnde,tlns nem`uijs b`` prdpjrtnjs de bei dhh tlj obrfjt.

Ijtjrndrbtnde Sbtnd; Ylj rbtnd dh tlj pjrmjetbaj dh `dbes ijtjrndrbtnea ne ij`nequjemystbtus vs. tldsj noprdvnea.

=3

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Insm`dsurj Wbaj; Jxtrbpd`btnde Ojtldid`day

Odrtabaj stbtnstnms brj smb`ji td jstnobtj tlj tdtb` obrfjtpjrhdrobemj cbsji de mdvjrbaj wntlne tlj OmIbsl ibtbcbsj.

Ylj hd``dwnea tbc`j mdetbnes nehdrobtnde de obrfjt mdvjrbaj cy

prdiumt bs dh Kuej 37236 jxtrbpd`btndes b`sd nem`uij bikustojets

hdr vnetbaj bei bs dh ibtj. Biintndeb` nehdrobtnde ns bvbn`bc`j

upde rjqujst.