1st Mortgage Delinquency Tumbles
A nice improvement was made in the rate of serious first-mortgage delinquency last month, though the second-mortgage rate remains higher than a year ago. Delinquency in Dallas sank.
Home-Equity Delinquency Tumbles at Banks
The degree of past-due payments on home-equity assets owned by the nation's banks was sharply lower during the final three months of last year.
HEL, HELOC Lending Lags 1st Mortgage Growth
Residential lending moved significantly higher last year, though not so much for home-equity lending -- especially on new credit lines.
Lates Down on 2nd Mortgages, Hold on 1sts
The rate of serious delinquency on first mortgages last month held steady, while the late-payment rate on second mortgages improved. Miami has seen a dramatic turnaround.
Home Equity Lending Up, Outstandings Down
While increased production helped push up the nation's book of first mortgages, it wasn't enough to grow home-equity outstandings.
Warren Buffett Addresses Vanderbilt Mortgage
Warren Buffet says that it is just not true that borrowers are steered into more costly financing at Berkshire Hathaway's Vanderbilt Mortgage unit.
Report Highlights Growing HELOC Opportunities
As the pool of homeowners with available equity in their properties has expanded, so has the origination of home-secured credit lines.
Mortgage Delinquency Lowest in Nearly a Decade
Delinquency on residential loans continued to improve, with the 30-day past-due rate falling to the lowest level in nearly a decade.
Detroit to Provide 2nd Mortgages
The city of Detroit plans to announce a new program that will provide second-mortgage financing to help homebuyers make improvements to run-down properties.
Quarterly Mortgage Metrics Down at Regions
Mortgage earnings, originations and servicing all moved lower on a quarter-over-quarter basis at Regions Financial Corp., as did delinquency.