Servicers Modify More Mortgages
The latest monthly reading on mortgage modifications shows that residential loan servicers picked up the pace of activity.
Mortgage Delinquency Creeps Up
Serious residential delinquency rates on both junior and senior liens moved minimally higher last month. Loan performance, however, remains better than last year.
BofA, Citi Fall Short on Servicer Settlement Tests
Bank of America Corp. and Citigroup Inc. have failed to meet some of the requirements of the national servicer settlement -- though the shortfall might be partly due to changes made to comply with new servicing rules.
Ocwen Acquires Delinquent FHA Loans
A pool of distressed government home loans has been purchased by a unit of Ocwen Financial Corp., and more such deals could be ahead.
Slight Up Tick in RMBS Issuance Predicted in 2015
Non-agency residential loan securitizations are expected to rise modestly next year, while performance on legacy loans is predicted to improve.
Home Loan Performance Improving
The level of distressed first mortgages has fallen to multi-year lows. While home-equity performance is also improving, outstandings are eroding.
BofA To Appeal $1 Million Robocall Judgment
Bank of America Corp. has indicated its intention to appeal a judge's denial of its motion to vacate a more than $1 million judgment in favor of a Florida couple.
MSRs on Western Agency Loans Up for Bid
Mortgage servicing rights on close to $3 billion in agency home loans secured by properties in the West are being marketed for sale.
|Foreclosure Metrics Continue to Improve
Almost all foreclosure metrics improved last month on both a month-over-month and year-over-year basis. The only exception was the number of foreclosures started, which was up from a year earlier.