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.
Non-QM Is Not The New Subprime
A new report indicates that residential lending to borrowers who don't meet Qualified Mortgage rule requirements is not the same as pre-crisis subprime lending.
Ditech Unloading Servicing on HELOCs
The servicing of thousands of active home-equity lines of credit that are securitized is being transferred from Ditech Financial LLC next month.
Delinquency Down on 1st Mortgages, Up on 2nds
Serious delinquency on first-lien home loans took a nice tumble last month. But the same can't be said for the past-due rate on second mortgages.