Hotel Loans Out Front of Drop in CMBS Delinquency
The rate of late payments on commercial real estate loans that are part of securitizations was lower, and the lodging sector led the improvement.
Nationstar Shares Down as Earnings Fall Short
A mark-to-market adjustment on mortgage servicing rights and a decline in servicing earnings had shares of Nationstar Mortgage Holdings Inc. down nearly 14 percent Thursday.
New Post-Crisis Low for Freddie Delinquency
New business at the Federal Home Loan Mortgage Corp. skidded to the slowest level in seven months. But serious delinquency established a new post-crisis low.
Quarterly Delinquency, Foreclosure Rate at 7-Yr Low
The quarterly rate of 30-day delinquency and foreclosures fell to the lowest levels in seven years. Past-due payments on government-insured loans, however, worsened.
Foreclosure Starts Surge
The past-due rate and foreclosure rate moved lower last month. But an indicator of upcoming foreclosure activity -- foreclosure starts -- climbed to the highest level in more than a year.
New Business, Delinquency Down at United Guaranty
Although business slowed last year at United Guaranty Corp., the mortgage insurer still claims the biggest market share. Delinquency was down, and the book of business grew.
Nationstar Affiliate to Acquire Ocwen Affiliate
Facing a potential default, an affiliate of Ocwen Financial Corp. has reached an agreement to be acquired by a Nationstar Mortgage Holdings Inc. affiliate.
BofA Cuts FL, TX Mortgage Servicing Jobs
In a sign of continued improvement in home loan performance at Bank of America Corp., more servicing jobs are being cut. The latest rounds are in Florida and Texas.
Huge Sale of Freddie MSRs
A deal has been struck for the sale of mortgage servicing rights on nearly $10 billion in Freddie Mac loans.