Financing

Foreclosure.com

The rate of past due payments on securitized commercial real estate loans retreated to its lowest level since 2016 and could go lower. Retail properties improved most.Last year concluded with the rate of 30-day delinquency on loans that are included in commercial mortgage-backed securities coming in at 4.89 percent.That wound [...]
Wed, Jan 03, 2018
Source: Financing
Mortgage servicing rights on hundreds of millions of dollars in agency loans with a Midwest concentration are being offered for sale to the highest bidder.The offering is for MSRs on 4,583 agency single-family loans that had an aggregate unpaid principal balance of $761.547 billion as of Nov. 30.Comprising the total [...]
Wed, Jan 03, 2018
Source: Financing
A settlement has been reached between PHH Corp.'s home-lending unit and dozens of states over alleged servicing abuses that took place during the foreclosure crisis.PHH disclosed Wednesday that subsidiary PHH Mortgage Corp. has reached a $45 million settlement with the Multi-State Mortgage Committee and state attorneys general.The agreement resolves alleged [...]
Wed, Jan 03, 2018
Source: Financing
It has been five years since the number of federally insured reverse mortgages closed was as high as it was last year. The increased volume was generated by fewer lenders.The 4,765 home-equity conversion mortgages endorsed by the Federal Housing Administration during December was about the same as the 4,782 the [...]
Wed, Jan 03, 2018
Source: Financing
Even after accounting for seasonal factors, fewer prospective borrowers applied for a mortgage in the final week of last year. Applications for loans to finance a home purchase fared better than refinances.During the seven days that ended on Dec. 29, the Market Composite Index declined 3 percent from two weeks [...]
Wed, Jan 03, 2018
Source: Financing