Fannie Delinquency Descends Further, Business Up
Serious mortgage delinquency, which was already lower than at anytime since mid-2008, fell further at Fannie Mae. New business, meantime, also improved.
Further Improvement in Freddie's Delinquency
While monthly new business deteriorated at the Federal Home Loan Mortgage Corp., serious delinquency again declined to a new 7-year low.
OCC Terminates Wells Fargo Consent Order
A federal consent order against Wells Fargo Bank, N.A., over its mortgage servicing practices has been terminated -- though not without a penalty.
Ocwen Touts Results from Independent Analysis
Challenges by hedge funds to Ocwen Financial Corp.'s handling of distressed loans it serviced have been answered with a satisfactory report from an independent consultant.
Mortgages Outstanding Up Even as Lending Down
Quarterly home lending has fallen, as has the rate of serious mortgage delinquency. But mortgages outstanding have grown.
Mortgage Lates Up, Foreclosure Starts at 10-yr Low
Despite an increase in 30-day delinquency, the foreclosure rate declined and foreclosure starts descended to the lowest level in 10 years.
CMBS Delinquency See Saws Lower
After worsening in March, performance improved on securitized commercial real estate loans. Industrial property loans led the decline.
HECM Program Updates Proposed
Changes that are being proposed to the home-equity conversion mortgage program include new consumer protections for borrowers and new lender requirements.
FHA Loan Sale Auction Set
An auction to sell residential loans that were originally insured by the Federal Housing Administration is taking place this week.
Serious Delinquency Improves on 1st Mortgages
As the rate of serious delinquency on consumer credit dropped to a new low last month, the rate of past-due payments on first mortgages improved nicely.