Data Show Foreclosures Remain High by Historic Comparison
Category: News and Trends
Foreclosed Home Prices Booming
Houses That Lost Most Now Gaining More
RealtyTrac: Foreclosure Filings Down 11% From Year Ago
19 States Still Post Increases
Equifax: Subprime Loans Hold Steady for 3rd Straight Year
Total Mortgage Volume Up; Subprime Volume Holds Steady
Fitch: ‘Tough Times Ahead’ for Large U.S. Mortgage Servicers
Some Servicers Seeing Opportunity in Subservicing
HOPE NOW: May Mortgage Mod Actions Top 105,000
HOPE NOW yesterday reported member mortgage lenders and servicers provided more than 105,000 mortgage modifications and other actions in May.
KBRA: More K-Series Borrowers Paying Off Early–Or Borrowing More
Many Freddie Mac K-Series borrowers are unlocking the equity resulting from years of strong multifamily investment demand and price appreciation, said Kroll Bond Rating Agency, New York. “In doing so, …
Bank Regulators Issue Study on Basel III Impact on MSR Market
On June 30, four federal agencies issued their Report to the Congress on the Effect of Capital Rules on Mortgage Servicing Assets. The Federal Reserve, Office of the Comptroller …
FHA Cites ‘Significant Improvements’ to Distressed Notes Sales Program
HUD announced a series of enhancements to the Department’s Distressed Asset Stabilization Program that would have purchasers of severely delinquent mortgages offer qualified borrowers principal reductions and protection from …
Zillow: Mortgage Payments Least Affordable for Low-Income Earners
People with low incomes spend nearly 23 percent of their income on monthly mortgage payments, compared to high-income earners, who spend just 11.5 percent of their income on monthly house …