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Tag Archives: Delinquent Mortgages

HUD: Changes are Coming to Delinquent Loan Sales

HUD Secretary Julián Castro is expected to soon unveil changes to HUD's Distressed Asset Stabilization Program, which has drawn criticism over the last year for its sales of deeply delinquent mortgage loans to Wall Street investors and private firms.

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Mortgage Delinquency Rate Declines for 12th Straight Quarter

The nation's mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according to TransUnion's latest mortgage report.

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