Items Tagged with 'delinquent loans'

ARTICLES

  • Americans haven’t been this good at paying their mortgages since 2000

    MBA report shows mortgage delinquency rate fell to 17-year low in second quarter
    Over the last few weeks, report after report after report after report all show the same thing – more Americans are paying the mortgages on time right now than at any time since the housing crisis, at least. Now, a new report from the Mortgage Bankers Association shows that the delinquency rate for mortgages just fell to its lowest level since 2000.
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  • Urban Institute: Selling NPLs to investors is working

    Four ways to improve sales
    Researchers from the Urban Institute are already on the record with their view that more pools of non-performing loans need to be sold to private investors, but a new article posted on the Urban Institute's Urban Wire blog on Housing and Housing Finance suggests that more steps need to be taken to ensure a mutually beneficial result for all parties involved in a non-performing loan sale.
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  • Freddie Mac sells off another $1.4 billion in non-performing loans

    Familiar buyer snaps up more than half of available loans
    Freddie Mac selected the winning bidders in its latest massive sale of non-performing loans, with one now-familiar buyer, Lone Star Funds, or more specifically the private-equity's trust, LSF9 Mortgage Holdings, accounting for more than half of the pool.
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  • Monday Morning Cup of Coffee: Fannie, Freddie crystal ball just got cloudier

    Plus, is it time to buy the big banks?
    There is a lot of debate surrounding the future or lack thereof of Fannie Mae and Freddie Mac, with opinions coming from the White House, Congress, trade groups, just to name a few. But predicting the future of the GSEs just got a little harder. Plus, is it time to buy the country's biggest banks? All that, and more, in your Monday Morning Cup of Coffee.
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  • Urban Institute: More non-performing loans should be sold to private investors

    New report shows private investors 'can do more for borrowers'
    While some prominent figures in the federal government, including Sen. Elizabeth Warren, D-Mass., and Rep. Mike Capuano, D-Mass, have loudly criticized the government’s practice of selling non-performing loans to private investors, a new report from the Urban Institute suggests that selling NPLs to the private sector is actually a good thing.
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  • Freddie Mac sells off $1.1 billion in non-performing loans

    Finds familiar buyer for pools of Wells Fargo-serviced loans
    Freddie Mac announced Tuesday that it sold off 5,311 seriously delinquent loans from its investment portfolio. The loans carry an unpaid principal balance of approximately $1.1 billion. The sale, which was initially announced last month, had five pools of loans being sold to several different buyers, including one that has become familiar in sales like these.
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