Category: Foreclosures

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 […]

Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?

DSNews      BY:  Brian Honea  December 3, 2015 Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices? When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed […]

Senator Proposes Legislation to Help Underwater Borrowers Avoid Foreclosure

DSNews  By: Brian Honea  June 19, 2015 U.S. Senator Bob Menendez (D-New Jersey) has proposed legislation that will help underwater homeowners avoid foreclosure and remain in their homes, according to an announcement onMenendez’s website. The Preserving American Homeownership Act is intended to help the estimated 5.1 million Americans who are underwater, or owe more on […]

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, […]

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 […]

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. […]

New FHA Policy Provides Foreclosure Alternative on Reverse Mortgages

DSNews  BY:   Brian Honea January 29, 2015 A new policy issued by the Federal Housing Administration (FHA) on Thursday under its Home Equity Conversion Mortgage (HECM) Program will allow reverse mortgage lenders to delay calling HECMs from a surviving non-borrowing spouse following the death of the last surviving borrower. Such a delay on collection […]

aamortgagefunding.com © 2016
Wordpress SEO Plugin by SEOPressor