Foreclosures fell in April compared with March, but still posted an annual gain for the 14th straight month, Attom reported Thursday. Processing Content Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from […]
Foreclosure filings up 18% from a year ago Read More »
The surge in delinquencies on Federal Housing Administration-insured loans transitioning away from pandemic leniencies drove dramatic divergence in the performance of different product types, according to the Mortgage Bankers Association. Processing Content A large 126 basis-point annual increase in FHA delinquencies to 11.88% pushed the total seasonally-adjusted rate for arrears for all loans up 40
FHA spike drives delinquency spread to widest point in years Read More »
Household debt inched up to another record high in the first quarter even though nonmortgage-related debt drifted lower with a seasonal decrease in credit card balances due in part to tax refunds. Processing Content Housing finance obligations rose, driving total debt up by $18 billion to $18.8 trillion during the period, according to an analysis
Household debt at a high, risks lurk beneath stable arrears Read More »
Reflecting both the unusually strong fourth quarter for home loan originations and the volatile rate environment for the period just ended, private mortgage insurers wrote 13% less business versus three months prior. Processing Content Still, with mortgage rates going to the low 6% range from near 7% one year ago, the six active underwriters did
Mortgage insurers end 1Q26 below expectations for volume Read More »
U.S. home equity levels pulled back to start the year, with the number of underwater mortgages now at its highest point since early 2022, according to real estate data platform Attom. Processing Content The share of seriously underwater properties across the U.S. increased to 3.2% in the first quarter, Attom researchers said in a new
Underwater mortgage rate hits 4-year high mark Read More »
Last year’s update in the Federal Housing Administration’s “waterfall” of actions servicers must take when borrowers go delinquent is creating a surge in trial modifications that presents a particular concern for less sizable players. Processing Content Under the previous pandemic rules, distressed FHA-insured borrowers could repeatedly request assistance with partial claims that reduce payment size
How FHA’s new loss-mit rules are squeezing servicers Read More »
Government mortgage-backed securities guarantor Ginnie Mae announced that it’s changing how it will be tracking delinquencies in monthly issuer reporting to account for impacts from a rule update. Processing Content To address the uptick in a large number of older loans entering trial payment plans as a result of the Federal Housing Administration’s adjustment to
Ginnie Mae pauses delinquency rules amid FHA waterfall shift Read More »
Early-year rate movements led prepayments to a near four-year high in March, while delinquency trends also showed overall improvement typical of seasonal patterns, according to Intercontinental Exchange. Processing Content Mortgage prepayment speeds jumped 24 basis points to 1.06% from a level of 0.82% recorded in February, with the pace accelerating in three out of the
Prepayments hit 4-year high after mortgage rates eased Read More »
Distressed housing inventory and demand moved higher in the first quarter, reflecting a “continued normalization” back closer to their pre-pandemic levels, according to a new report from Auction.com. Processing Content Completed foreclosure auctions jumped 10% from the fourth quarter of 2025 and 33% from 12 months earlier. Meanwhile, scheduled property dispositions were also up by
Distressed sales numbers show signs of market ‘normalization’ Read More »
The Veterans Affairs mortgage benefit got high marks in a survey of current and past military members, but more than half still have at a minimum one misconception about the program. Processing Content NewDay USA, which specializes in serving this community, commissioned the online survey of 1,238 people conducted by Researchscape between Feb. 18 and
VA mortgage survey reveals gaps in benefit awareness Read More »