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Distressed

Prepayments jump as lower rates spur December refi surge

Distressed, Housing markets, Servicing /

Late-year interest rates drove mortgage prepayment speeds back upward in December, as homeowners sought to capitalize through refinances, according to Intercontinental Exchange.   Processing Content Prepayments increased to a 0.91% share of current liens, surging almost 10% from November’s pace, ICE Mortgage Technology’s monthly First Look report said. December’s rate was up by more than 59% […]

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Foreclosure filings rose again in 2025, Attom finds

Attom Data Solutions, Distressed, Foreclosures, Industry News, Servicing /

Foreclosures notably increased in 2025, but still remained well below prepandemic levels, according to Attom’s year-end foreclosure market report. Processing Content Foreclosure filings, default notices, scheduled auctions and bank repossessions, were reported on 367,460 properties in the United States last year, up 14% from 2024 and 3% from 2023, but still down 25% from 2019,

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FHA reverse mortgage properties go up for sale

Distressed, Reverse mortgages, Secondary markets, Servicing /

The Department of Housing and Urban Development will be selling thousands more reverse mortgages that have been called due-and-payable on occupied homes, continuing a practice that began late last year. Processing Content More than 2,500 nonvacant loans with a total principal balance around $730 million are going up for sale on Feb. 10. Until recently, department’s

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Large banks extend mortgage relief for LA wildfire victims

Distressed, Natural disasters, Servicing /

California Governor Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes.  Processing Content Wells Fargo, JPMorgan Chase, U.S. Bancorp and Citigroup will streamline requests for an additional 90-day forbearance period, allowing borrowers to

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MI, title firms positioned well for 2026’s challenges: Fitch

Distressed, Mortgage Rates, PMI, Servicing, Underwriting /

The nation’s private mortgage insurers are adequately capitalized to deal with the housing market’s challenges during 2026, so on balance they have a neutral outlook for next year, Fitch Ratings said. Processing Content “We expect strong borrower credit profiles, relatively stable employment levels, and persistent home price appreciation to help mitigate pressures from ongoing housing-affordability

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400 Capital sues over alleged fee-grab tactic in CMBS loan

Distressed, Mortgage defaults, Securitization, Servicing /

A $130 million loan tied to Midtown Manhattan properties is at the center of a lawsuit that accuses a firm hired to ensure the debt is repaid of self-serving tactics. Processing Content Rialto Capital, tasked with overseeing the loan on behalf of investors, allegedly engineered a way to keep it in default so that the

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Why 2026 could be the mortgage industry’s reset year

Distressed, LOAN PRODUCTS, Mortgage Rates, Mortgage technology, Originations, Regulation and compliance /

Several of the mortgage industry’s biggest story lines from 2025 are expected to take clearer shape in 2026, according to industry participants who shared their outlooks with National Mortgage News. Among the developments gaining traction are the potential arrival of the 50-year mortgage, the full rollout of credit score modernization and further consolidation after a

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Warren probes whether banks sold forgiven ‘zombie’ seconds

Debt collection, Distressed, Foreclosures, Industry News, Law and legal issues, Politics and policy, Servicing /

A key Senate leader is requesting records surrounding the cancellation of second mortgages following the Great Financial Crisis and asking whether the loans were sold to collections agencies in violation of a major legal settlement.  Processing Content In a request sent to the independent monitor responsible for oversight of the 2012 National Mortgage Settlement, Sen.

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Foreclosures starts, re-defaults inch up at banks: OCC

Distressed, Foreclosures, Servicing /

Newly initiated foreclosure actions at banks have risen on a consecutive-quarter basis but the overall performance of financial institutions’ home loans has remained resilient from a credit perspective. Processing Content Foreclosure starts jumped to 7,903 from 7,163 the previous quarter and 7,450 a year earlier, according to the Office of the Comptroller of the Currency’s

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Ginnie Mae aligns liquidation reporting with GSEs

Ginnie Mae aligns liquidation reporting with GSEs

Distressed, Ginnie Mae, Politics and policy, Secondary markets, Servicing /

Ginnie Mae announced its plans to change liquidation reporting requirements in a move that aligns its policies more closely with the government-sponsored enterprises and mortgage-market participants.  Processing Content The change serves to enhance operations and improve accuracy and timeliness of liquidation event data, which are used to help determine payments tied to Ginnie Mae’s mortgage-backed

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