A financial institution is selling mortgage servicing rights on government-sponsored enterprise loans with a three-state concentration. Bids are being taken for MSRs on a portfolio of 13,289 loans that had a collective unpaid principal balance of $1.809 billion...
There was a nice decline in average rates for residential loans this past week. But one forecast has fixed rates giving back all the improvement over the next week. At 4.40 percent, prospective mortgage borrowers were treated to 30-year fixed rates that were 4 basis...
It has been a year since the number of consumers who resorted to bankruptcy was as high as it was last month. Rising rates could strain consumers. Between businesses and consumers, there were 75,992 new cases that were filed with U.S. Bankruptcy Courts during all of...
Even though the quarterly performance of bank-owned installment loans secured by home equity improved, home-secured credit-line delinquency worsened. Mobile-home lates plunged. Loans that are owned by banks had a 30-day rate of 1.64 percent as of the fourth quarter of...
The last time that refinances accounted for this small of a share of mortgage applications, America was in the midst of a financial meltdown. Overall applications fell. A more than 3 percent seasonally adjusted retreat from the previous seven-day period was recorded...
