The portfolio's March expansion represented an increase of about $1.5 billion, up to $1.914 trillion. It was only the 14th time in the last 63 months that the portfolio has expanded dating back to January 2010, at the height of the foreclosure wave.
Read More »Freddie Mac’s Total Mortgage Portfolio Expands While Delinquency Rate Continues to Fall
Freddie Mac's total mortgage portfolio increased at an annualized rate of 2.8 percent in February, marking the fifth time the portfolio has expanded in the last six months, while the serious delinquency rate for the Enterprise's single-family residential loans continued its steady decline, according to Freddie Mac's February 2015 Monthly Volume Summary released Tuesday.
Read More »Fannie Mae’s Gross Mortgage Portfolio Experiences Rare Monthly Expansion
Fannie Mae's Book of Business decreased in January, but the GSE's gross mortgage portfolio experienced a rare expansion, according to Fannie Mae's January 2015 Monthly Volume Summary released Friday. After dropping by almost $11 billion from November to December and declining in 53 of the last 54 months, Fannie Mae's gross mortgage portfolio expanded in January at a compound annualized rate of 3.5 percent, from $413.3 billion up to $414.4 billion. It was the first time the portfolio expanded from month to month since December 2012 and only the second time since June 2010.
Read More »Delinquency Rates Falling on Fannie Mae-Backed Mortgage Loans
The delinquency rate on residential mortgage loans backed by Fannie Mae declined across the board in 2014 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae's recently released annual report.
Read More »Foreclosures Continue Steady Nationwide Decline in December
Foreclosures in the United States have been steadily declining for months nearly every way the numbers are broken down, and December was no exception, according to CoreLogic's December 2014 National Foreclosure Report released Tuesday. Foreclosure inventory nationwide dropped in December down to 552,000 from 840,000 in December 2013, a decline of 34.3 percent. As of the end of December 2014, approximately 1.4 percent of all homes with a mortgage were in some state of foreclosure – a decline from 2.1 percent from the previous December. The current foreclosure rate of 1.4 percent is the lowest level since March 2008.
Read More »Declining Default Rate Leaves Room to Loosen Underwriting Standards, Economist Says
The pristine performance of mortgage loans in the U.S. with a vintage of 2009 or later is an indicator that underwriting standards could be loosened, according to CoreLogic senior economist Molly Boesel in an analysis entitled "What's an Acceptable Level of Mortgage Default?" published in CoreLogic's December 2014 edition of The MarketPulse.
Read More »Michigan Sees Surge in 12-Month Sum of Completed Foreclosures
The number of completed foreclosures in Michigan took a huge turn upward for the 12-month period ending October 31, jumping 55 percent from the 12-month total ending on September 30, according to to CoreLogic's October 2014 National Foreclosure Report released on Thursday.
Read More »Fannie Mae Portfolio Declines Again In October
Fannie Mae's gross mortgage portfolio declined for the 51st time in the last 52 months in October, according to the mortgage giant's October 2014 Monthly Summary released recently.
Read More »Serious Delinquencies Decline by 21 Percent in September
The number of seriously delinquent mortgage loans, which are those that are more than 90 days past due or in foreclosure, dropped nationwide by 21 percent year-over-year in September, according to CoreLogic's September 2014 National Foreclosure Report released on Wednesday.
Read More »Foreclosures Down, But Delinquencies Up In August
Nationwide foreclosures are down both monthly and annually, but mortgage loan delinquencies are up month-over-month in August, according to the Black Knight Financial Services Mortgage Monitor released earlier in the week.
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