Industry Commentary: Servicer Risk
The Consumer Financial Protection Bureau has altered the regulatory climate for banks, credit unions and non-depository financial institutions alike.
Serious Delinquency Deteriorates on 1st Mortgages
The rate of serious delinquency on first mortgages moved modestly higher last month, while the rate on second mortgages slipped to a record low.
Loan Modification Activity Fades
The volume of mortgage loan modification activity was down on a month-over-month basis and tumbled on a year-over-year basis.
Healthcare Property Loans Worst CMBS Performers
When it comes to losses on commercial real estate loans that are securitized, mortgages to finance health care properties take the gold and silver medals.
Ginnie Mae MSRs Hit the Market
A portfolio of mortgage servicing rights on Government National Mortgage Association loans has been put up for sale.
Non-Bank Capital Ratios Better Than at Banks
|Foreclosure Activity Worsens
Whether it was foreclosure filings, the foreclosure rate or completed foreclosures -- month-over-month activity deteriorated. Florida had the worst record in each category.
A ratings agency report highlights how some of the larger non-bank lenders and servicers have better capital ratios than big banks -- though that's not necessarily a good comparison. The report recommends that regulators need to shift their focus.
MGIC New Business Off, Delinquency Lower
Less in mortgage insurance volume was written at MGIC Guaranty Insurance Corp. last month, but the company continued to see improved performance on its book of business.
Radian Monthly Business Slips, Delinquency Down
Following several months of growth, new business declined at Radian Guaranty Inc. Delinquency, however, continued to show improvement.