Almost 76,000 homeowners in Louisiana and Mississippi were seriously delinquent on their mortgages at the end of last year, four months after Hurricane Katrina devastated the region, according to the Mortgage Bankers Association.The MBA found that at the end of last year, 20.8% of home loans in Louisiana and 16.9% of those in Mississippi were delinquent. Serious delinquencies -- those more than 90 days past due -- have spiked, however, even as delinquencies of 30 days or less have fallen, the MBA said in a preview of its of national mortgage delinquency data, due to be released on March 16.
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ICE data reveals home value growth hit a 15-month high, prompting originators to target resilient markets like upstate New York and pivot focus toward single-family inventory.
5h ago -
The company reported a nearly $600,000 loss as it navigates the loss of Rithm-related business and pushes for a more diversified revenue model.
7h ago -
Brian Johnson, President Trump's nominee to lead the Consumer Financial Protection Bureau, navigated a somewhat contentious Senate Banking Committee hearing dominated by Democratic opposition but without giving away specific plans he has for the agency.
9h ago -
Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.
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Sentiment towards the presence of the structures backing AI development varies by generation, but a growing number of buyers are raising questions, Redfin says.
July 23 -
Chase edged out Rocket for the top spot in the annual mortgage servicer customer satisfaction survey, with depositories in seven of the top 10 spots.
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