The share of private student loans in hardship went up in the third quarter as natural disasters in the southern United States prompted borrowers to request forbearance, according to MeasureOne.
At the end of September, the share of loans in MeasureOne’s database in forbearance was 2.88% of the outstanding balance, up 26.81% on the year.
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The company has more than $400 million of outstanding ABS, and is now in talks with creditors over what happens to its remaining assets and operations.
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
Greenspan's 18 years as Fed chief, from 1987 until his retirement at the start of 2006, were marked by a stock market boom and low unemployment.
