Mortgage Delinquency Sinks, Foreclosure Starts Soar
As last year's hurricanes continue to have an impact on the performance of mortgages, delinquency tumbled and new foreclosure filings soared.
Record Purchase Lending at Guild, Staffing Grows
Annual home lending held up at Guild Mortgage Co., which reported an all-time high for purchase-money volume. Staffing expanded, but the servicing portfolio was slashed.
MSRs On $2 Bil in Agency Loans Being Auctioned
Bids are being accepted for an offering of mortgage servicing rights on nearly $2 billion in agency residential loans. The deal has a three-state concentration.
Mortgages O/S Up, Post-Recession Low for Lates
The collective balance of residential loans outstanding increased in the final quarter of last year, while mortgage delinquency fell to the lowest level since the recession.
Serious Mortgage Delinquency Deteriorates
First mortgage serious delinquency moved higher last month. Recently rising interest rates on residential loans have not yet impaired consumers' ability to qualify for new mortgages.
Hilltop Holding's Home Lending Falling
Home lending volume turned lower in the final quarter of last year at Hilltop Holdings Inc., and a more sharp decline is likely ahead. Overall earnings increased, but mortgage income fell.
Record Business at National M.I.
Quarterly business ascended to an all-time high at National Mortgage Insurance Corp. As the book of business grew, so did delinquency.
Mortgage Debt Continues to Expand, HELOCs Contract
America's book of single-family loans expanded last year, though the balance of home-secured credit lines outstanding declined. Serious mortgage delinquency dropped.
Arch M.I.'s Annual Business More than Doubles
Annual business more than doubled at Arch Mortgage Insurance Co. thanks to a huge acquisition. Quarterly business slowed as defaults deteriorated.
Serious Mortgage Delinquency Up in Hurricane Areas
No monthly change was recorded for the non-current rate on mortgages. But serious delinquency intensified due to deterioration in areas impacted by hurricanes.