Mortgage Delinquency Skyrockets
Thirty-day delinquency jumped last month more than it has in a decade. But the level of foreclosures is now lower than before the recession.
Serious Mortgage Delinquency at 11-Year Low
Monthly mortgage delinquency tumbled, and further declines are expected except in the Aloha State and the Mid Atlantic. Serious delinquency was the lowest it's been in more than a decade.
Defunct Foreclosure Trustee Settles With DOJ
A lawsuit filed by a service member against PHH Mortgage Corp. and a defunct foreclosure trustee that was dismissed by a federal judge caught the attention of the Justice Department -- which has extracted a settlement from the trustee on behalf of multiple service members.
Fewer Foreclosures Started, Completed at Banks
The rate of delinquent payments on bank-serviced mortgages has improved over the past year, though there was no quarter-over-quarter change. Fewer foreclosures were started and completed.
Mortgage Lates Down After Dropping to 12-Yr Low
After falling to the lowest level in a dozen years, 30-day delinquency moved down by another 9 basis points. Also improving was the foreclosure inventory rate.
Attorney Still Working on Lehman Mortgages
An attorney who was hired a decade ago to borrowers and mortgage brokers involvded in fraudulent mortgages owned by the bankruptcy estate of Lehman Brothers Holdings is still at it.
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.
12-Year Low for Mortgage Delinquency
The rate of 30-day delinquency, excluding foreclosures, retreated to the lowest level in a dozen years. Foreclosure starts climbed as Texas is still feeling the sting of last year's hurricane season.
Mortgage Delinquency Falls to 13-Year Low
The percentage of the nation's mortgages that were either past due at least a month or in the foreclosure process fell to the lowest level in 12 years. But the outlook is less than stellar.
Home Loan Performance Improves
Serious mortgage delinquency and the foreclosure rate moved lower on a month-over-month basis, while both metrics -- along with the non-current rate -- improved on a year-over-year basis.