FHA Delinquency Tumbles, Endorsements Edge Up
There was a monthly up tick reported in new business at the Federal Housing Administration, though a dip will likely follow. Single-family delinquency tumbled 48 basis points.
Slight Escalation in Serious Mortgage Delinquency
Serious delinquency on first-lien residential loans turned modestly higher last month. Among large metropolitan areas, Chicago had the worst deterioration.
MSRs Sought on Ginnie Mae Loans
A home lender is looking to beef up its servicing portfolio and is actively seeking the rights to service Ginnie Mae mortgages.
Mortgage Delinquency Up, Though 90-Day Rate Down
Mortgage delinquency turned higher last month. But the rate remains below its year earlier level, and serious mortgage delinquency improved. Current hurricane news reports provide a clue about areas likely to see deteriorating performance.
GSE MSR Offering Has Golden State Concentration
Potential buyers are being sought for the servicing on over a half-billion dollars in government-sponsored enterprise single-family loans
with a Golden State concentration.
Reperforming Mortgages Outstanding Expand
The number of single-family loans that were previously non-performing but are now paying has climbed this year. A majority of the total have been paying for more than two years.
30-Day CMBS Rate Dips to New Post-Crisis Low
A tiny decline in the monthly rate of delinquency on securitized commercial real estate loans was enough to take it to a new post-crisis low. Most of the distressed loans are pre-crisis.
MSRs on Nearly $2 Bil in Ginnie Mae Loans for SaleServicing rights are being marketed on a nearly $2 billion Ginnie Mae portfolio with an elevated delinquency rate and a moderate coastal concentration.
MSRs Offered On Nearly $4 Billion in GSE Loans
The servicing on nearly $4 billion in single-family loans that are backed by the government-sponsored enterprises is being offered for sale. The portfolio has a Lone Star State concentration.
Record Low Bank CRE Loan Delinquency Rate
A record-low was reported for delinquency on commercial real estate loans owned by banks. The rate on securitized CRE loans was its lowest in nearly a decade with further improvement to follow.