Financing

Foreclosure.com

Although the volume of mortgages closed has fallen, the share that are considered subprime has inched higher. Home-equity originations have strengthened.From Jan. 1, 2017, through Aug. 31, U.S. home lenders originated 4.85 million first mortgages that had an aggregate balance of $1.1749 trillion.Based on the number of loans, originations were [...]
Tue, Jan 09, 2018
Source: Financing
Although overall mortgage delinquency moved higher, early stage delinquency retreated, while serious mortgage delinquency and the foreclosure rate held steady.Delinquency of at least 30 days on single-family loans, including loans in the foreclosure inventory, represented 5.1 percent of all mortgages as of Oct. 31, 2017.The non-current rate was elevated versus [...]
Tue, Jan 09, 2018
Source: Financing
After easing to the loosest levels since the financial crisis, credit conditions in real estate finance contracted to the tightest level in five months. Government programs constricted most.That was according to the Mortgage Credit Availability Index, a standardized quantitative index focused on mortgage credit, which was 179.2 in December.Last month's [...]
Tue, Jan 09, 2018
Source: Financing
While the quarterly rate of late payments on bank-owned home-equity loans moved lower, the performance of other housing-related assets has worsened.Delinquency of at least 30 days on consumer installment loans that are owned by banks was 1.68 percent as of third quarter, according to the Composite Ratio.The ratio, which reflects [...]
Tue, Jan 09, 2018
Source: Financing
A complete makeover planned at The Money Source Inc. will be accompanied by substantial expansion of its staffing and mortgage servicing portfolio.The Melville, New York-based mortgage banking firm revealed in an announcement Tuesday that it is re-branding as TMS.A marketing campaign will be launched for its retail, wholesale and correspondent [...]
Tue, Jan 09, 2018
Source: Financing