Fannie Delinquency at Pre-Conservatorship Level
Serious residential delinquency at the Federal National Mortgage Association fell to the lowest level since before it was thrust into conservatorship. New secondary activity, however, was worse.
Servicers Fare Well in Settlement Compliance Report
The latest report card is in for residential loan servicers included is a massive servicer settlement three years ago, and the group fared well.
CMBS Delinquency Up First Time in 8 Months
The rate of delinquency on securitized commercial real estate loans moved higher for the first time in eight months during June. Loans backed by retail and multifamily properties led the increase.
New FHA Business Climbs to 2-Year High
It's been almost two years since monthly government-insured mortgage originations were this strong. But despite an acceleration in new business, loan performance deteriorated.
Industrial Properties Lead Drop in CMBS Lates
More borrowers on securitized commercial real estate loans made on-time monthly payments last month, with industrial property owners making the biggest improvement.
Banks' Mortgage Performance Improves
Delinquency on home loans owned by banks continued to improve on a quarterly basis as the foreclosure and repossession rate retreated. New foreclosure filings, however, rose.
Nearly 2-Year High for Freddie's New Business
It's been almost two years since new business was this strong at the Federal Home Loan Mortgage Corp. Even better, residential delinquency was at its lowest level in more than six years.
Delinquency Worse Despite Foreclosure Decline
The foreclosure rate has moved lower four consecutive months. But foreclosures starts were up, and 30-day mortgage delinquency has deepened two months in a row.
Problems Persist at Some Mortgage Servicers
A regulatory report indicates that a few servicers of residential loans are illegally engaging in dual tracking or runarounds.
Mortgage Servicers v Borrowers
The latest round of servicer litigation activity includes a servicer, evidently weary of a Maryland couple's frequent lawsuits, that asked for a court ruling forbidding them from suing again. A Florida court clarified for mortgage firms what constitutes an attempt to collect a debt when communicating with a debtor about loss mitigation comprise, and a federal appeals court ruled on the timing of online payments.