Items Tagged with 'delinquent mortgage'

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  • TransUnion: Mortgage delinquencies will fall to record lows in 2018

    Credit reporting agency provides mortgage forecast for next year
    A recent report from CoreLogic showed that mortgage delinquencies fell this year to the lowest point in more than a decade, but analysts from TransUnion expect mortgage performance to continue improving next year, leading to record lows in mortgage delinquencies.
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  • 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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  • Here's why Goldman Sachs is snatching up delinquent mortgages

    Bank dominates Fannie Mae non-performing loan sales
    Goldman Sachs’ purchase of a portfolio of non-performing loans from Fannie Mae earlier this week marked only the latest in a long string of purchases of severely delinquent home loans from the government-sponsored enterprise. The major purchase spree, however, is part of a larger plan for the mega bank. In particular, it deals with its $5 billion settlement announced last year.
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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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  • Fannie Mae selling $1.4 billion in non-performing loans

    Sale includes five pools of loans
    Fannie Mae announced Tuesday its latest sale of non-performing loans, which includes Fannie Mae’s second sale of a smaller pool of non-performing loans that are specifically targeted for placement with “smaller investors, non-profit organizations and minority- and women-owned businesses.”
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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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  • Fannie Mae picks non-profit for first small sale of non-performing loans

    Completes first “Community Impact Pool” sale
    Fannie Mae announced the winner of its first sale of non-performing loans as part of its “Community Impact Pool” program, which consists of smaller pools of non-performing loans and is designed to attract diverse participation by non-profits, small investors and minority- and women-owned businesses. Click here to read more.
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  • Freddie Mac selling $233 million pool of Ocwen-serviced loans

    Non-performing loans are “deeply delinquent”
    Freddie Mac announced Tuesday that it is preparing to auction off a $233 million pool of non-performing loans, which are serviced by Ocwen Financial, which said in December that it plans to exit agency servicing entirely. Is Freddie Mac done with Ocwen too?
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