Non-QM Securitization Closes
A securitization of primarily non-agency residential loans that don't meet the requirements of the Qualified Mortgage rule has been completed.
1st Mortgage Delinquency Up As 2nd Mtg Rate Down
Although there was month-over-month improvement in second-mortgage loan performance, serious delinquency on first mortgages saw deterioration.
Decade-Low for Mortgage Delinquency
The last time that the rate of past-due payments on residential loans was this low, the U.S. real estate market was near its peak.
Why Were Prepayment Penalties Eliminated?
Although financial regulations no longer allow prepayment penalties on most mortgages, there are some situations where they were useful to borrowers.
Serious HELOC Delinquency Deteriorates
Although there was a month-over-month improvement in serious first mortgage delinquency, the rate on home-secured credit lines moved higher.
Regions Mortgage Originations, Delinquency Improve
Quarterly home lending increased and delinquency decreased at Regions Financial Corp. Meanwhile, the mortgage servicing portfolio was reduced.
CRE Credit Stds Tighten as Residential Demand Up
Banks that make commercial real estate loans are reporting that credit standards have recently tightened. Meanwhile, demand for residential loans has risen across the board.
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.