Items Tagged with 'Defaults'

ARTICLES

  • Mortgage market quickly bounces back from latest hurricane season

    Government agencies prepare for round two
    Last year was a rough one for homeowners hit by a slew of natural disasters including hurricanes, flooding, and even wildfires. Now, months later, the mortgage market is recovering surprisingly well, according to a panel of experts from government agencies at the Mortgage Bankers Association Secondary conference.
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  • [Exclusive Chart] Student loan crisis could be worse than originally thought

    Nearly 40% of those who entered in 2004 could default by 2023
    Homebuyer demand exploded in 2017, and is expected to continue to surge in 2018 despite rising home prices, low inventory levels and increased competition. However, as Millennials increasingly enter the housing market, one factor stands above all the rest, blocking the path to homeownership: student debt.
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  • Mortgage default rate falls to near record low in May

    Hits second lowest since July 2004
    Borrowers are going into default on their first mortgages less often than at nearly any point in the last 13 years, a new report from the S&P Dow Jones Indices and Experian showed. The default rate in May was just one basis point above May 2016’s level of 0.63%, which was the lowest that figure had been since July 2004.
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  • ISGN Software Allows Services to Pay Per Loan

    Bensalem, Pa.-based software developer ISGN is beta testing a new Web-based loss mitigation technology that only charges servicers when they close a loan. The yet-to-be-named “pay-per-loan” software is in beta testing and will go live in September. It will allow servicers to evaluate pools of loans, create customized evaluations based on user-generated objectives along with other steps in the modification process, but will only charge servicers when they complete a loan. The software will be compatible with the Home Affordable Modification Program.
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