A TransUnion analysis of consumer loan data finds that residential home loan delinquencies have risen for five straight quarters, with 3.23% of borrowers being at least 60 days behind on their mortgage payments in the first quarter. This was up 62% from the level recorded in the first quarter of last year, TransUnion said. States with the highest 60-day delinquency rates in the TransUnion data were Nevada and Florida. On the bright side, Keith Carson, a senior consultant in TransUnion's financial services group, said the quarter-to-quarter increase was smaller than that of the fourth quarter.
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The homebuilding giant reported two separate cyber incidents this year, with the most recent breach of its mortgage unit affecting more than 348,000 individuals.
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The move threatens IMBs and outside loan originators who rely on real estate agents for referrals, as the company aims to keep borrowers within its platform.
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Fed Chair Kevin Warsh's much anticipated speech at the Jackson Hole meeting reinforced past comments about reducing communications around forward guidance.
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The ex-CEO got a regulatory OK to officially rally shareholders for his plan, although he's still awaiting a federal judge's decision on a restraining order.
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The deal is backed by recently originated, 30-year fixed-rate mortgages with an average combined loan-to-value ratio of 75.1%, according to Morningstar DBRS.
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Academy Mortgage's deal will cover around 285,000 class members. It's the sixth deal this year by a mortgage firm seeking to squash consumer complaints.
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