Retail Loan Deterioration Hurts CMBS Delinquency
Delinquency on retail property loans surged, helping to drive up the past-due rate for all securitized commercial real estate loans last month.
Mortgage Servicers Change Up Executives
The biggest residential loan servicer and two smaller ones have made some management changes. Another servicer has added a pair of new directors to its board.
GSE MSR Offering Has Minnesota Concentration
A flow offering of mortgage servicing rights on as much as $840 in agency conventional mortgages has a Minnesota concentration.
MSRs on Around $1 Billion in Agency Loans Available
A pair of flow offerings on the market could land the buyer mortgage servicing rights on more than $1 billion in agency residential loans.
Home Loan Performance Improves 1st Time in 3 Months
For the first time in three months, mortgage servicers brought down the rate of past-due payments on residential loans.
loanDepot Chief Explains Decision to Cancel IPO
The head of loanDepot Inc. has provided insight into the decision to hold off on the mortgage lender's initial public offering.
Mortgage Lending, Outstandings Grow, HELOCs Down
The quarterly volume of home loans originated and outstanding increased. But home-secured credit lines outstanding were down.
More Mortgage Servicing Layoffs at Wells Fargo
Less than a month after disclosing nearly 500 planned mortgage layoffs, Wells Fargo & Co. has advised more than a hundred California employees of their impending layoffs.
Delinquency, Foreclosure Rates Lowest in Years
It's been more than eight years since 30-day delinquency has been this low, while it's been nearly than long since the foreclosure rate was this low.
2nd Mtg Delinquency Surges, 1st Mtg Rate Also Up
An increase in the rate of serious delinquency last month on first mortgages was eclipsed by a surge in past-due payments on second mortgages.