In August, the daylight between early-stage delinquencies and seriously past-due mortgages continued to swell, according to Black Knight’s “first look” at August’s month-end mortgage performance statistics, which covers the majority of the national mortgage market. On the heels of falling a combined 0.85 basis points over the previous two months, overall, the national delinquency rate … The post Serious Mortgage …
Read More »Ten Places Most Affected By Delinquencies
A number of metros in seven states are under enhanced siege by a percolating number of FHA delinquencies, jeopardizing homeowners and neighborhoods, according the AEI.org. A cocktail of factors place them at pronounced risk. They include, a large FHA portfolio containing a high percentage of delinquent loans (>17%) or seriously delinquent loans (>10%); these percentages … The post Ten Places …
Read More »‘Clouds on the Horizon’ for Mortgage Delinquencies
The nation’s overall delinquency rate for May reached its highest level since February 2014, according to the latest Loan Performance Insights report published by CoreLogic. During May, 7.3% of mortgages were delinquent by at least 30 days or more. The number includes those in foreclosure. This represents a 3.7% increase from the May 2019 overall … The post ‘Clouds on …
Read More »Ginnie Mae: Forbearance Levels Remain Low
Report reveals delinquencies have returned to pre-crisis levels. Most homeowners in forbearance cite financial problems linked to the COVID-19 pandemic. Forbearance numbers for federal home loan programs remained low during August, according to the latest GNM Mortgage Credit Monthly Report published by Recursion. In the current state of the Ginnie Mae portfolio, 14.23% of mortgages … The post Ginnie Mae: …
Read More »Mortgage Loan Delinquencies Record Highest Spike in Two Years
Analysis detects a spike among all types of loans and reveals the characteristics most correlated to defaults. Click through to read more. The post Mortgage Loan Delinquencies Record Highest Spike in Two Years appeared first on DSNews.
Read More »Eastern U.S. Dominating Delinquency Declines
The states with the largest declines were also the states most impacted by the 2017 and 2018 hurricane seasons. The post Eastern U.S. Dominating Delinquency Declines appeared first on DSNews.
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