Although delinquency rates have been steadily rising over the past few years, vacancy and foreclosure rates are seeing little movement, according to a new industry report. Processing Content Nearly 1.4 million homes, or 1.33%, residential properties in the United States were vacant at the beginning of the year, virtually the same as the 1.32% rate […]
Delinquencies rise, vacancies stay flat Read More »
Consumers are reengaging with the mortgage market, signaling a return to normality in 2026, TransUnion said. Processing Content Mortgage originations rose 6.5% year over year to 1.3 million in the third quarter of last year, but at the same time, the percentage of borrowers 60 or more days delinquent increased to 1.51% in the fourth
TransUnion sees mortgage market normalizing Read More »
Rising refinance recapture and a widening split in borrower performance are redefining the servicing outlook, speakers at a Mortgage Bankers Association conference in Dallas said Wednesday. Processing Content The latter, which has stemmed from what’s been referred to as a K-shaped economy, is “a tale of a few stories or maybe substories,” Joel Kan, deputy
Recapture rate is up as loan performance splits: MBA Servicing Read More »
Officials responsible for mortgages that are directly government-backed weighed in on how they’re looking to address borrower affordability and performance risk amid policy change at the Mortgage Bankers Association’s servicing conference. Processing Content Federal Housing Administration Commissioner Frank Cassidy called his agency’s insurance-fund capital ratio “very strong” and hinted that a premium cut or other
FHA, Ginnie Mae, VA manage loan performance, affordability Read More »
Federal Reserve discussions about relaxing Basel III capital treatment of mortgage servicing assets could make MSRs more attractive for banks, but early analysis points to limited near-term market impact. Processing Content Comments from Federal Reserve Vice Chair for Supervision Michelle Bowman on Monday indicated the Fed was discussing removing the requirement to deduct mortgage servicing
MSRs in focus as Fed rethinks Basel III rules Read More »
Home Mortgage, is launching a new program to help financial professionals integrate home equity into retirement planning. Processing Content The training, offered exclusively to NAIFA members, focuses on the ethical and strategic use of housing wealth, including reverse mortgages, in retirement planning for clients 55 and older, the organizations said in a press release Tuesday.
Fairway, NAIFA reverse mortgage training targets financial advisors Read More »
U.S. mortgage insurer Radian Group Inc. said that president and chief financial officer Sumita Pandit is departing the company effective Thursday, according to filings with the Securities and Exchange Commission (SEC). Radian did not provide details on Pandit’s departure beyond mentioning that “in connection with the involuntary termination of Ms. Pandit’s employment, she will be
Radian announces exit of CFO Sumita Pandit, elevates finance leaders Read More »
Borrowers say they are confident in their understanding of mortgage escrow accounts, but misconceptions persist. And rising property taxes and homeowners insurance premiums continue to drive payment increases that many homeowners do not expect. These are the conclusions of a new survey from LERETA, a provider of technologically advanced tax and flood services for the
Mortgage escrow misconceptions persist as payment amounts rise Read More »
Mortgage delinquency rates increased in the most recent quarter, with Federal Housing Administration-backed distress spiking to multiyear highs, according to the latest industry report. Processing Content Delinquencies increased to 4.26% in the fourth quarter on a seasonally adjusted basis, jumping up 27 points three months earlier, with upticks observed across all leading loan types. Year
FHA delinquencies rise above 11% Read More »
Onity Group reported stronger fourth-quarter earnings, driven by a deferred tax asset valuation, and executives said they see opportunity in industry consolidation. But they signaled the company may take a different approach than some of its peers. Processing Content Net income to common shares was $126 million, compared to a $107 million to $131 million
Onity reveals more about M&A, earnings in final results Read More »