U.S. CMBS delinquencies, at 4.71%, had increased to about five times what they were the previous year as of yearend 2009, according to the latest Loan Delinquency Index results from Fitch Ratings. The delinquency rate may not peak until 2012, according to Fitch managing director Mary MacNeill. "An increased amount of loans are coming due over the next two years that will result in delinquencies possibly peaking at 12%," she said.
Fast tracking closing and funding is the critical differentiator among lenders, the 2026 Mortgage-Home Equity Scorecard report from Keynova found.
Close to one in four homeowners are currently making additional payments toward their mortgage principal beyond the monthly amount due, according to Rocket.
The latest investor statements show the persistence of a trend in which one vintage has a higher rate of distress than others, Morningstar DBRS finds.
The annualized new single-family home sales pace, an indicator of the U.S. Census Bureau's New Residential Sales report, declined in three of the last four months.
Despite Treasury intervention to calm bond yields, persistent deficit pressure continues to trap mortgage rates, keeping application volume flat and squeezing origination revenue.
Kastle lands another high-profile client, SWBC adds insurtech to its servicing platform, while other mortgage lenders also embark on new partnerships.