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Tag Archives: Delinquency

Current Mortgage Performance Rate Rises to 93%

Mortgage performance is on the rise, and foreclosures are on the decline at the nation’s largest banks, according to the first-quarter Mortgage Metrics Report from the Office of the Comptroller of the Currency (OCC). Representing 48 percent of outstanding first-lien residential mortgages, the OCC report includes data on mortgages at the nation’s seven largest servicers, based on portfolio size, and one federal savings association.

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Freddie Mac’s Portfolio Shrinks 2.1% in May

Freddie Mac released its monthly volume summary for May 2014, tracking information on the company's mortgage-related portfolio, securities issuance, risk management, delinquencies, debt activities, and other investments. The summary found that overall, Freddie Mac's total mortgage portfolio decreased at an annualized rate of 2.1 percent in May.

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Foreclosure Inventory Continues to Shrink in May

Black Knight Financial Services released its "First Look" at May Mortgage data, which found that foreclosure inventory declined to its lowest level since July 2008. As a percentage of total inventory, foreclosure pre-sale inventory is 1.91 percent, down 5.56 percent month-over month.

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FHFA: April Refinance Volume Similar to 2008

The Federal Housing Finance Agency (FHFA) released its latest Refinance Report, examining data as of the end of April 2014. The FHFA found that overall refinance volume rose slightly in April, but remained at levels more comparable to those seen in 2008.

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Fitch: RMBS Delinquency Not Indicative of Trend

The highest delinquency to date of any post-crisis residential mortgage-backed securities (RMBS) doesn't indicate any trend of future delinquencies, according to an analysis by Fitch Ratings. The delinquency, according to the company, came about due to a transfer of servicing, and doesn't point to any widespread post-crisis late payment increases.

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New Hampshire Foreclosure Outlook Largely Positive

The New Hampshire Housing Finance Authority (NHHFA) released foreclosure data for April, which found that 210 foreclosure deeds were recorded in the month, a 9 percent increase. This is the first time in over a year that the Granite State saw in increase when compared to the same month in the prior year.

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Interest Rate Resets a Concern for Modified Mortgages

The Data and Analytics division of Black Knight Financial Services released its latest Mortgage Monitor Report, which analyzed data as of the end of April 2014. The report found that there were roughly 2 million modified mortgages facing interest rate resets, with 40 percent of those loan modifications currently underwater.

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New Hampshire Foreclosure Deeds Fall

The number of foreclosure deeds in New Hampshire fell in March, suggesting that New Hampshire's long term foreclosure outlook will continue to improve, according to the New Hampshire Housing Finance Authority (NHHFA). The foreclosure activity in the first quarter of 2014 was below that of every year since 2007, and is 21 percent below last year's first quarter.

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Fannie Mae’s Book of Business Declines in Q1

Fannie Mae's book of business declined for the first three months of this year, ending the first quarter with a monthly compound annualized rate of -1.8 percent. Over the first quarter, the GSE's book of business declined at a compound annualized rate of 2.2 percent.

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