MSRs on Alt-A Loans Being Sold
Mortgage servicing rights on a portfolio of mostly Alt-A loans are on the market. A big share of the mortgages are secured by California properties.
Serious Mortgage Delinquency Up Again
Past-due payments on first mortgages rose last month for the fourth month in a row. Also deteriorating was the serious delinquency rate on second mortgages.
Delinquency Up on HELs, Soars on Mobile Home Loans
Past-due payments rose on three-out-of-four housing-related consumer loan types at banks -- with mobile-home loan delinquency exploding.
Bank Mortgage Delinquency Up, Foreclosures Down
Although the quarterly non-current rate of residential loans serviced by banks worsened, foreclosures started and completed fell as did the foreclosure rate.
1st Mortgage Delinquency Up 3rd Consecutive Month
For each of the most-recent three months, the rate of serious delinquency on first mortgages moved up. Second mortgage performance also waned.
MBS Settlement for $165 Million
Several pension funds are claiming victory in a lawsuit originally filed nearly a decade ago over alleged losses suffered from mortgage-backed securities investments.
Refinances Push Up Quarterly Mortgage Originations
Despite a reduction in purchase financing, overall quarterly home lending moved higher on a year-over-year basis.
Mortgage Risk Rises as Cashout Transactions Grow
An increase in the volume of cashout originations is creating more risk for mortgage investors, according to a new ratings agency report.
Regions Servicing, Annual Mortgage Originations Up
Last year's home-lending volume at Regions Financial Corp. increased as servicing grew. But mortgage delinquency turned higher.
Jumbo Leads Quarterly Rise in RMBS Issuance
Non-agency mortgage securitization volume accelerated during the final-three months of last year, with jumbo activity leading the way.