Ocwen’s road ahead: Well, can't get any worse

Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?

Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

Still, confidence remains high

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators
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Items Tagged with 'Delinquencies'

ARTICLES

Fannie, Freddie: Simplifying loss mitigation is a 2015 priority

Both continue efforts to resolve serious delinquencies
Trey Garrison
Simplification and streamlining – those are the watchwords as Fannie and Freddie move forward in 2015 in terms of mortgage servicing. And not surprisingly, the two enterprises' plans are not too different.
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CoreLogic: Foreclosure inventory down 27.3% since February 2014

Total now down 67% from peak in 2010
Trey Garrison
Foreclosures and delinquencies are way down from last year and from their peaks right after the housing crash. Fewer opportunities for investors, but what does it mean for the economy as a whole?
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Black Knight: Foreclosure inventory reaches lowest level since 2007

Last month’s jump in foreclosures reverse course
Trey Garrison
January’s jump in foreclosure starts reversed course - and then some - in February, dropping by 15% to 79,700 for the month, its lowest level since last November, and the third lowest point in at least seven years. Here's what happened.
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Black Knight: Delinquencies continue downward trend

Drops 11% from January 2014
Brena Swanson
Delinquencies continued to trend down and dropped 11% from January 2014. On the other hand, January’s 94,300 foreclosure starts marked the highest level of starts since December 2013.
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Bank of America to cut hundreds of legacy servicing staff

As delinquent loans decline, BofA “returning staff to normal levels”
Ben Lane
For at least the second time in less than six months, Bank of America is set to lay off hundreds of workers from its legacy mortgage servicing operations as the bank continues to cut back its servicing staff due to a decline in delinquent loans.
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Black Knight: Delinquencies drop 7% in December

Foreclosure starts jump 21% from November
Trey Garrison
Delinquencies dropped by 7.2% in December, bringing the national delinquency rate back under 6% and down to 5.6% for the month, and nearly 13% down from this time last year. Here's what's happening.
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Fitch: 6 predictions for housing in 2015

Rates will rise; mortgage volume will decline
Ben Lane
We may be two weeks into 2015, but that doesn’t mean we’re out of the range of predictions for the year. Analysts from Fitch Ratings weighed in with their predictions for 2015 in their Global Housing and Mortgage Outlook, and there’s good news and bad news.
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CoreLogic: 5.1M properties remain in negative equity in Q3 2014

273K residential properties regained equity
Trey Garrison
More than a quarter million gained positive equity in homes in the third quarter, but 5.1 million homeowners are still underwater. Here is what it means.
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OCC: Mortgage performance improves in third quarter

Delinquencies, foreclosures decline on first-lien mortgages
Trey Garrison
Mortgage activity may be slowing overall, but first-lien mortgages are continuing to show improvement. Here's how it broke out in the third quarter.
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Black Knight: Mortgage delinquency rate drops to 7-year low

Loans in foreclosure also dropped to 6-year low
Ben Lane
The mortgage delinquency rate declined in October to a seven-year low, according to Black Knight Financial Services’ “First Look” at the October mortgage data. October also saw a rise in prepayments for the first time since July, which Black Knight said is “historically a good indicator of refinance activity.”
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