Mortgage Delinquency Up, Foreclosure Rate Holds
Although overall mortgage delinquency moved higher, early stage delinquency retreated, while serious mortgage delinquency and the foreclosure rate held steady.
Mortgage Lates Up at Banks, Foreclosures Down
While quarterly delinquency on residential loans owned by banks moved higher, the number of foreclosures started and completed diminished.
Hurricane Spike for Serious Mortgage Delinquency
Despite a small improvement in the foreclosure rate, overall mortgage delinquency jumped as the hurricanes took a toll. Serious mortgage delinquency rose more than in any month since the financial crisis.
PHH Fined Over $100k On Vacant Property
PHH Mortgage Corp.'s failure to follow state requirements for vacant real-estate-owned assets in the Empire State will cost it more than $100,000.
Hurricanes Push Up Mortgage Delinquency
Despite hurricane-related deterioration in the rate of mortgage delinquency, the rate of serious delinquency and foreclosures stand at the lowest level in decades.
30-Day Rate Up Despite Drop in Foreclosure Rate
The foreclosure inventory fell to a more than decade low. Improvement in the foreclosure rate was more than offset by hurricane-related deterioration in the 30-day rate.
Mortgage Delinquency Soars, Hurricanes Blamed
The quarterly non-current mortgage rate surged 58 basis points, with government-insured performance taking the biggest beating. Much of the blame was ascribed to the effects from the recent hurricanes.
Overcoming Statute of Limitations in Foreclosures
Challenges to mortgage lenders and servicers' right to foreclose based on the expiration of the statute of limitations are rapidly increasing in the Pacific Northwest and Southwest regions.
Serious Mortgage Lates, Foreclosures at Decade Low
Monthly home loan performance remained strong, with the rates of serious mortgage delinquency and foreclosure at their lowest levels in a decade.
Hurricanes Behind Soaring Mortgage Delinquency
One-month delinquency on mortgages soared nearly a half-percentage point last month driven by deterioration in states impacted by the recent hurricanes.