Mortgage late payments rose in the first quarter to an overall national rate of 8.32%, although the 90-plus day rate and the number of foreclosures started declined, according to new figures compiled by the Mortgage Bankers Association (MBA).
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Federal housing regulators on Wednesday said they are lowering the conforming loan limit for Jumbo loans – the maximum loan they will buy from lenders – by almost 17%.
July 7 -
Lender Processing Services (LPS) CEO and president Jeffrey Carbiener is stepping down effective immediately for what the company said are significant health-related reasons.
July 7 -
Even if Congress and the Obama administration allow federal loan limits to fall back to pre-crisis levels in October, as expected, the limits will still be higher than they need to be, professors at The George Washington University School of Business have determined.
July 7 -
The Mortgage Bankers Association (MBA) is asking the Consumer Financial Protection Bureau (CFPB) to sit down with key stakeholders as it continues to revise mortgage disclosure forms.
July 7 -
In a Securities Exchange Commission (SEC) S-3 filing today, Ford Credit's Ford Credit Floorplan Corp. increased its shelf to $7.12 billion. For a copy of the filing, please click this link.
July 6
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Last week's Bank of America proposed settlement might prove to be an interesting turn of events for the U.S. attorneys general that have been seeking compensation for borrowers who were "victimized" by servicing misconduct.
July 6 -
The delinquency rate for U.S. commercial real estate loans in CMBS fell in June by 23 basis points to 9.73%, its lowest level since February 2011, according to a report by Trepp.
July 6 -
Residential Mortgage REITs in the second quarter are generally likely to continue seeing results more or less in line with the prior one despite a somewhat volatile operating environment between April and June, according to some analysts.
July 6 -
The U.S. Treasury today gave an update on its continued orderly wind down of its agency guaranteed MBS portfolio.
July 6 -
The Mortgage Bankers Association (MBA) has released its Commercial Real Estate (CRE)/Multifamily Finance Quarterly Data Book for 1Q11, showing the “turn of the real estate cycle.”
July 6 -
Rep. Gary Miller, R-Calif., has drafted a GSE reform bill that would merge Fannie Mae and Freddie Mac and convert them into a secondary market utility that issues government-backed mortgage securities.
July 6 -
Chariot Funding, Falcon Asset Securitization Co. and Jupiter Securitization Co. have together funded a $3.024 billion auto ABS. JPMorgan Chase Bank serves as the administrative agent for all three conduits, which are partially supported, multiseller ABCP programs.
July 6