Majority of seriously delinquent mortgages have 20% equity
Levels of home equity in seriously delinquent loans have fluctuated but today there's still a sufficient amount to help many access foreclosure alternatives, Intercontinental Exchange said.
Mortgage distress up 90% this year, counseling provider finds
The withdrawal of pandemic housing relief and high home prices have heightened consumer strain, according to nonprofit Money Management International.
2022 originations make up 60% of underwater mortgages: Black Knight
Home prices dropped again on a monthly basis in October, exacerbating the loss in home equity among recent buyers, but the size of the falloff was the smallest since June.
Mortgage default rate rises to high not seen since fall of 2020
The jump for second mortgages and bank cards was even more pronounced, according to indices published by Standard & Poor’s and Experian.
Single-family rental mortgage default risk declines in 1H21
But 45% of the top 100 counties still have an above-average likelihood that borrowers won’t make their payments on these business-purpose loans, RealtyTrac said.
Foreclosure starts jumped in 24 states in April
Most of the activity covered vacant and abandoned properties or commercial loans, according to Attom Data Solutions.
Weekly Wrap: S&P lowers default-rate forecast
Deals, trends and research in structured finance and asset-backed securities for the week of March 26-April 1
Mortgage delinquencies creep down in December
As an improving job market aided financial stability for borrowers, 2020 ended with drops in delinquent home loans, a CoreLogic report found.
Zombie foreclosures dwindle in 1Q but could be on ‘thin ice’
While foreclosure moratoria keep the overall numbers down, zombie foreclosure rates jumped in the majority of states, according to Attom Data Solutions.
Mortgage delinquencies fall to a pandemic low
Gains in consumer financial stability helped to decrease the rates of distressed home loans, but job creation is needed to make recovery sustainable, a CoreLogic report found.
Mortgage insurers log fewer delinquencies but pace slows at legacies
Meanwhile at Essent, more loans exited the inventory in January than in December.
Weekly Wrap: CMBS special-servicing rates fall again
Deals, trends and research in structured finance and asset-backed securities for the week of Jan.29-Feb. 4
Mortgage insurers will feel the pinch from long forbearance timelines
Lower cure rates and possible rises in foreclosures and claims could force these companies to raise capital next year, Fitch Ratings said.
Delinquencies fall in Q3 but ‘no guarantee it will continue’
The overall mortgage delinquency rate improved in the third quarter as the economy got healthier while late-stage delinquencies hit a decade high, according to the Mortgage Bankers Association.
Equity-rich homes outnumber those seriously underwater nearly 5 to 1
Growing equity levels increased the share of equity-rich and pulled borrowers out from underwater in the third quarter, according to Attom Data Solutions.
