For Sale: Nonperforming HELOCs
Investors are being solicited to bid on a small portfolio of nonperforming home-equity lines of credit with an east coast concentration.
Serious 2nd Mortgage Delinquency Down
Although there was a modest rise in serious delinquency on first mortgages, the past-due rate made a month-over-month improvement on second mortgages.
1st Mtg, HEL and HELOC Serious Delinquency Down
Serious monthly delinquency on first mortgages, home-equity installment loans and home-secured credit lines has been improving.
Multi-Year Highs for Q1 Mortgage Originations
The quarterly origination of first mortgages, home-equity loans and home-equity lines of credit has ascended to multi-year highs.
HEL, Mobile Home Loan Delinquency Deteriorates
Late payments on home-equity and mobile-home loans that are held by financial institutions turned higher during the first-three months of this year.
Bank Mortgage Delinquency Down, REOs Up
Banks continued to make headway on home-loan performance, with the non-current rate falling. As delinquent loans are being cleared out, repossessions edged higher.
Continued Improvement in 1st Mortgage Delinquency
First-mortgage delinquency has fallen three months in a row. While the second-mortgage rate was down from the prior month, it was worse than a year ago.
IMPAC Expands Non-QM Offerings
In its quest to battle the dehumanization of mortgage underwriting, Impac Mortgage Corp. has expanded it product line of loans that don't meet Qualified Mortgage standards.
Mortgages Outstanding Up Even as Lending Down
Quarterly home lending has fallen, as has the rate of serious mortgage delinquency. But mortgages outstanding have grown.
Serious Delinquency Improves on 1st Mortgages
As the rate of serious delinquency on consumer credit dropped to a new low last month, the rate of past-due payments on first mortgages improved nicely.