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Tag: Distressed (mortgages)

MBA delinks

Delinquencies drop to 25-year low, but foreclosure filings are rising

The third-quarter delinquency rate fell to its lowest point since 1995, according to the Mortgage Bankers Association. However, Attom Data Solutions' numbers show...
IndiSoft

IndiSoft to support loss mitigation technology after HLP closes

IndiSoft will continue to support the distressed-borrower assistance platform formerly known as Hope LoanPort after the nonprofit that runs it winds down operations...
Subprime mortgages keep minting cash for ex-Bear Stearns banker

Subprime mortgages keep minting cash for ex-Bear Stearns banker

Subprime mortgages may have wreaked havoc on the U.S. economy over the past decade, but they have been very good to Tom Marano.At...
Property LTV

Fewer underwater mortgages in 3Q, as values benefit from extended boom

The share of severely underwater mortgages shrunk by over two percentage points compared with a year ago, as these borrowers benefited from the...
Black Knight

Mortgage defaults within 60 days from close are on the rise

Early payment mortgage defaults went to the highest level in nearly a decade for September, particularly among loans included in Ginnie Mae securities,...
3 arrested in $7 million mortgage fraud that targeted the elderly

3 arrested in $7 million mortgage fraud that targeted the elderly

Three people associated with Grand View Financial have been indicted for running a mortgage fraud scheme throughout California, including San Diego County.The scam...
GameStop

Nearly $42M in CMBS at risk in GameStop store shutdown: Morningstar

GameStop's plan to shutter up to 200 stores could adversely affect commercial mortgage-backed securities loans with a combined allocated property balance of almost...
NCB

NCB plans to buy delinquent FHA mortgages and get them back on track

National Cooperative Bank is starting a conduit to purchase Federal Housing Administration-insured mortgages that are at least 60 days' delinquent with the aim...
Flooding-FEMA

FEMA may have to buy millions of homes due to climate crisis

As the climate crisis worsens, more Americans will be forced from their homes. Many won't be able to afford it, and the U.S....
CMBS delinquencies

Slowing economy in 4Q will not hurt CMBS sector: Morningstar

The commercial mortgage-backed securities sector will weather the fourth quarter's slowing but steady growth in the U.S. economy, as better loan performance counters...

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Elizabeth Warren housing plan updated to focus on renters

Elizabeth Warren housing plan updated to focus on renters

Elizabeth Warren already had one of the most comprehensive and ambitious housing plans of all the Democratic candidates for president, but...
Minnesota homeowners get an early peek at property tax bills

Minnesota homeowners get an early peek at property tax bills

It's the season when estimated property tax bills for 2020 show up in the mail, and the numbers could be eye-opening for some...
A wooden foyer has a large staircase, chandelier, and stained glass.

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Located in St. Louis, Missouri, this five-bedroom, five bath turreted home was designed in 1894 by pioneering local William Levy. A...
Academy of Art’s $58 Million Settlement Slated for Approval

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While the original terms of the Academy of Art University’s nearly $60 million settlement with the City of San Francisco, to resolve allegations...

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