Serious Mortgage Delinquency Ticks Higher
Home loans considered to be seriously delinquent accounted for a greater share of overall loans than in the preceding month. Dallas saw the biggest rise in consumer delinquency.
Regions' Mortgage Earnings Off, Buys MSRs
While quarterly earnings were solidly higher at Regions Financial Corp., mortgage income receded. Servicing grew with the acquisition of mortgage servicing rights during the quarter.
Mortgage Demand Up as Standards Little Changed
Over the past three months, customer demand for agency mortgages was stronger, according to a survey of bank executives. There was little change in credit standards.
Serious Mortgage Delinquency Declines
A month-over-month improvement in serious mortgage delinquency was recorded for junior- and senior-lien assets. First mortgage lates also fell from a year earlier.
Proposal Eases HELOC HMDA Threshold
Fewer home-equity line of credit lenders will be subject to Home Mortgage Disclosure Act requirements under a proposed change.
Bank Mortgage Delinquency Down, Foreclosures Up
The performance of residential loans that are serviced by the nation's financial institutions improved on a quarter-over-quarter basis. But the number of foreclosures started and finished worsened.
HELOC Sale Done
The sale of a portfolio of home-equity lines of credit that are both performing and non-performing has been successfully executed.
GSEs to Support Manufactured Housing Market
Plans are in the works for the government-sponsored enterprises to begin supporting the market for manufactured housing.
HEL Performance Defies Overall Bank Deterioration
While the quarterly rate of past-due payments on consumer credit at financial institutions deteriorated, home-equity loan performance improved.
Mortgage Wholesalers Offer Nonprime, Non-QM, 120%
Recent offerings by wholesale mortgage lenders include nonprime programs, loans that don't meet Qualified Mortgage standards, and loan-to-value ratios up to 120 percent.