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.
U.S. Mortgage Originations, Outstandings Increase
The latest gauge of residential loan production indicates strong quarterly activity. Mortgages outstanding continued to grow as delinquency has moved lower.
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.
US Book of Mortgage Business Expands, Lates Down
As quarterly loan originations moved higher at the nation's home lenders, the balance of outstanding mortgages was up and delinquency was down. Home-secured credit lines outstanding contracted.
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.
Walter's Mortgage Originations to Keep Falling
Single-family loan originations moved lower for the third consecutive quarter at Walter Investment Management Corp., and a further decline is likely. The company set a target date for bankruptcy.
Impac's Lending, Servicing Rise as Earnings Plunge
Impac Mortgage Holdings Inc. expanded its servicing portfolio and had a quarter-over-quarter gain in originations. But earnings deteriorated.
Mortgage Earnings, Originations Decline at Regions
Regions Financial Corp. reported that its mortgage originations declined, as mortgage earnings tumbled. The financial institution reduced the size of its servicing portfolio.
PHH Losses Widen as Originations, Servicing Down
As losses worsened from a year earlier at the parent of PHH Mortgage, loan originations diminished, and the servicing portfolio was slashed. A further decline in production is likely.
Lake Michigan CU Servicing Up, Home Lending Down
The size of Lake Michigan Credit Union's single-family servicing portfolio increased even as originations subsided.Mortgage staffing was trimmed.