Elevated HELOC Risk for Banks
The country's banks face elevated risk over the next two years on their holdings of home-equity lines of credit.
Q1 Mortgage Originations Soar from Year Earlier
Residential loan originations -- including traditional mortgages and home-equity products -- leapt during the first three months of this year. First mortgage activity supported the surge.
Record Low Serious Mortgage Delinquency
The rate of serious delinquency on home loans stands at the lowest level on record. On just second mortgages, it was the second consecutive new low.
Subprime HELOC Lending Rises, Delinquency Down
Not only are borrowers doing a better job of paying on their residential credit products, but lenders are giving more credit lines to subprime borrowers.
Nice Improvement in Serious Mortgage Delinquency
The level of late payments on first mortgages was lower last month. A similar improvement in performance was made on second mortgages.
Mortgage Delinquency Solidly in Pre-Crisis Territory
The last time the rate of past-due payments on home loans was this low, Lehman Brothers Holdings Inc. was still in business.
Government Foreclosure Rate Rises, Conventional Down
Home loan performance improved during the first three months of this year except on mortgages guaranteed by the Department of Veterans Affairs. All government mortgages saw an increase in the foreclosure rate.
Residential Loan Demand Rises, Requirements Ease
Banks reported an increase in demand for a number of home lending products over the past three months. At the same time, several financial institutions have relaxed standards.
Buffett Clarifies Mobile Home Loan Delinquency
Warren Buffett clarified a statement he made about the performance of mobile home loans owned by his firm.
Refis Drive Up Mortgage Originations at Regions
While purchase mortgage financing dropped, a rise in refinancing moved total home lending activity higher at Regions Financial Corp.