Category: delinquency

Exposure to Risk is Declining for Fannie Mae and Freddie Mac—But So Are Revenues

DSNews  BY: Brian Honea  November 17, 2015 Seven years after the housing market crashed, serious delinquency rates for most mortgage portfolios are at or near pre-recession levels, and the GSEs are no exception. The GSEs’ exposure to credit risk from mortgages originated during the years of the housing bubble continues to be “significant but declining,” […]

Low Mortgage Delinquency Levels Stabilize Consumer Credit Market

DSNews   BY:  Brian Honea   November 16, 2015 Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015, which contributed to the strong performance of consumer credit markets during Q3, according TransUnion’s Q3 2015 Industry Insights Report released Monday. While aggregate revolving credit balances rose by $13.5 billion […]

How are Residential Mortgages Performing at the Largest Banks?

DSNews   BY: Brian Honea   December 14, 2015 Improving overall performance of first-lien mortgages means fewer delinquencies, and fewer delinquencies have in turn means a declining need for loss mitigation, according to the Office of the Comptroller of the Currency (OCC)’s Mortgage Metrics Report for the Third Quarter of 2015. According to the OCC, […]

Borrower Outreach Events Proving Successful at Preventing Foreclosures

DSNews  BY:  Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]

Real Estate Capital Firm Publishes Online Short Sale Guide

DSNews  Author: Brian Honea February 24, 2015 Florida-based JWB Real Estate Capital has published its online investment property short sale guide to provide information for property owners on foreclosure prevention. While foreclosure numbers have declined since 2007, many homeowners still face the threat of foreclosure when their mortgage payment becomes overdue. While legal processes vary among states, […]

Delinquency Rates Falling on Fannie Mae-Backed Mortgage Loans

DSNews Author: Brian Honea February 24, 2015 4 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae’s recently released annual report. About 1.47 percent of mortgage loans backed by Fannie Mae were 30 to […]

Mortgage Delinquency Rate Declines for 12th Straight Quarter

DSNews:  By Author: Brian Honea February 18, 2015 The nation’s mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according toTransUnion‘s latest mortgage report released Wednesday. Q4 was […]

Mississippi Has Highest Delinquent Mortgage Rate Again

DSNews: Author: Brian Honea January 23, 2015 Just as it did in November, Mississippi led all states with the highest percentage of non-current mortgages and serious delinquent mortgages in December, according to data released recently as part of Black Knight Financial Services‘ December 2014 “First Look” at mortgage data released Friday. Mississippi’s percentage of non-current mortgages, which […]

Freddie Mac to Auction $410 Million Worth of Delinquent Mortgage Loans

DSNews:  Author: Brian Honea January 24, 2015 Government-sponsored enterprise Freddie Mac has announced that it will begin its second sale of “deeply delinquent” mortgage loans in three pools worth approximately $410 million. Delinquent loans left over from a wave of foreclosures following the housing bust have dogged Freddie Mac and its sister GSE, Fannie Mae. […]

Delinquency Rate Tumbles in December, Reversing November’s Large Increase

DSNews:  Author: Brian Honea January 23, 2015 Just one month after experiencing the largest monthly increase in six years, the nation’s mortgage delinquency rate took a big tumble in December, according to Black Knight Financial Services’December 2014 “First Look” at Mortgage Data released Friday. The mortgage delinquency rate, or the number of mortgage loans that are 30 […]

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