Mortgage Lates Down Again, Foreclosures at 15-Yr Low
Mortgage delinquency has decreased each of the last five months, the foreclosure rate fell to a 15-year low, and the number of foreclosures started slowed to near a 17-year low.
Massive GSE MSR Portfolio For Sale
Servicing on more than $10 billion in government-sponsored enterprise mortgages has become available for bids. There is a modest Beach State concentration.
Agency MSRs Up for Auction
A buyer is being sought to acquire the servicing on a small portfolio of agency loans that are primarily concentrated in Illinois.
Mortgage Delinquency Declines
The non-current rate on consumer mortgages fell from the end of last year. The improvement came despite an increase in foreclosures initiated and completed.
Drop in 1st Mortgage Delinquency
Even though first-mortgage delinquency stands higher than it did a year ago, residential loan servicers made gains on a month-over-month basis.
Bids Sought for Agency MSRs
Bids are being solicited for servicing on single-family loans backed by the housing finance agencies. The mortgages have a two-state concentration.
CMBS Performance Improvement Best Among CRE Types
Securitized mortgages saw the largest quarterly decrease in delinquency among a variety of investor types for commercial real estate loans.
For Sale: MSRs on Over $3 Billion in GSE Loans
A portfolio of mortgage-servicing rights on more than $3 billion in government-sponsored enterprise loans with a modest Golden State concentration has just hit the market.
FHA Production Holds, Could Accelerate
There was little change in monthly endorsements by the Federal Housing Administration, though business is poised for an increase. Delinquency improved, and commercial endorsements moved higher.
Mortgage Delinquency Sinks to 12-Year Low
It has been more than a decade since the monthly rate of mortgage delinquency was as low as it is now. The foreclosure rate hasn't risen in seven months.