Fannie Multifamily Delinquency at 6-Year Low
The delinquency rate on apartment loans at the Federal National Mortgage Association fell to the lowest level in more than six years. Even serious delinquency on residential loans tumbled to a nearly six-year low.
Strong Month for FHA
The monthly origination of government-insured mortgages accelerated. At the same time, the rate of late payments moved lower.
More North Texas Mortgage Layoffs at BofA
A new round of layoffs in North Texas is just one of at least three in the region so far this year by Bank of America.
Servicing Rules Allegedly Violated in CFPB Action
Regulatory action has been taken in the case of a residential loan servicer that allegedly violated mortgage servicing rules with the way it handled loan modifications.
MSRs on Fannie Loans For Sale
Bids are being accepted for mortgage servicing rights on Fannie Mae residential loans that have a concentration in Texas.
Health Care Loans Lead Drop in CMBS Delinquency
A modest improvement was made on securitized commercial real estate loan performance, and the decline was most pronounced on healthcare property loans.
Mortgage Delinquency Up At Banks
Banks and thrifts continued to reduce the size of their mortgage servicing portfolios and make improvements on home loan performance.
More Mortgage Borrowers Miss Payment
The rate of borrowers whose residential loans became a month overdue deteriorated last month even as foreclosures eased.
Foreclosures By HOAs Wipe Out Mortgage Liens
Decisions made in separate lawsuits filed in Nevada and Washington, D.C., have mortgage lenders losing their liens when homeowners associations foreclose.