Fannie Reports Strong Month
Residential loan performance improved at Fannie Mae, while new secondary activity was better than it's been in nearly a year.
New Business, Delinquency Better at Freddie
In addition to driving new business to a 10-month high, delinquency at the Federal Home Loan Mortgage Corp. was the lowest since 2008.
Mortgage Balances to Grow as Lending, Lates Fall
Over the next year, mortgages outstanding are expected to increase even as lending and delinquency fall -- with the Mid-Atlantic faring best.
MSRs on $3 Billion in Ginnie Loans On Market
Mortgage servicing rights on a little more than $3 billion in agency home loans are being offered for sale to the highest bidder.
Ocwen Settles False Claims Allegations
Ocwen Financial Corp. has settled charges that it violated the False Claims Act on government-insured lending and loan modifications.
Outdated Technology Bogging Down Some Servicers
A regulatory report indicates that mortgage servicers are continuing to utilize failed technology that has harmed borrowers and violates servicing rules.
Foreclosure Drop Offsets Rise in Mortgage Lates
The monthly rate of mortgage delinquency edged higher during May, though the rate of foreclosures was down by a greater degree.
Best Housing Markets
Although a vast majority of local housing markets are in good shape, areas that rely on energy -- especially Texas -- could see conditions deteriorate.
Continued Improvement in 1st Mortgage Delinquency
First-mortgage delinquency has fallen three months in a row. While the second-mortgage rate was down from the prior month, it was worse than a year ago.
BofA Gets Break in Bankruptcy Case
Bank of America Corp. has won a battle in the case of bankrupt borrowers who sought to void a mortgage because of missing signatures.