-
Over one-third of the struggling borrowers who received recast loan terms in the first quarter cut their monthly obligation by 20% or more.
June 26 -
Notes will be repaid through a modified sequential structure, which calls for the A-1 and M-1 through M-3 classes to receive principal on a pro-rata basis.
June 22 -
The markets had a muted reaction to the Federal Open Market Committee pause on raising short-term rates a week ago, Freddie Mac found.
June 22 -
The amount of distressed assets rose 10% in the first three months of the year, according to a new report from MSCI Real Assets.
June 22 -
But the Mortgage Bankers Association also raised the dollar volume that it predicts the purchase market will originate this year.
June 21 -
Both loan volumes and interest rates came in mostly flat, but the jumbo average ran ahead of the conforming for the second week in a row, the Mortgage Bankers Association said.
June 21 -
The Consumer Financial Protection Bureau decided to move forward with its proposal based on feedback to an earlier request for input.
June 16 -
The findings from Standard & Poor's show little impact from the Federal Housing Finance Agency's proposal regarding what information is required to underwrite a conforming mortgage.
June 15 -
Among the nonperforming assets 44.01% are either in foreclosure or referred for foreclosure; 19.32% are in default; 7.17% are liquidated and 1.75% are in bankruptcy.
June 15 -
Monetary policy officials have finally gone a month without tightening but made it clear more action could lie ahead, suggesting it could be awhile before housing finance costs consistently fall.
June 14