Mortgage defaults

A public interest coalition is calling on bank regulators to declare the drinking water contamination in Flint, Mich., a "disaster" and encourage lenders from around the country to extend credit to the area in order to counteract the damage.

Troubled loans no longer overwhelm the market, but there could be smaller outbreaks that servicers must be ready to deal with, a real estate services vendor says.

Residential mortgage delinquencies dropped in the fourth quarter, as employment numbers improve and housing prices increase, according to the Mortgage Bankers Association.

At the onset of the millennium, house flippers — people who purchased imperfect homes, renovated them and resold them at a profit mere months later — ran rampant in U.S. housing markets.

Mortgage delinquency levels fell about 30% last year, even as borrowers received more credit, according to TransUnion.

Low borrowing costs and rising home values are just two of several reasons why owning a home is far less burdensome than it was a decade ago.

Investors continue to demand additional yield for exposure to defaults on loans insured by the Fannie Mae.

Fannie and Freddie have been selling pools of delinquent mortgages at auction to the highest bidders. Community groups say the Federal Housing Finance Agency should be giving preferential treatment to nonprofits and community development financial institutions.

United Guaranty reported pretax operating income of $644 million for 2015 while its new insurance written increased by 21%.

Atlantic City, N.J., has the fifth worst vacancy rate in the U.S, according to RealtyTrac.

Fannie Mae has released the list of winners from its fourth nonperforming loan sale, which included a Goldman Sachs subsidiary.

Arch's mortgage insurance unit saw an increase of over 1,000% in fourth-quarter underwriting income due to a significant decline in losses and loss-adjustment expenses.

Foreclosures nationwide continued to decrease in December, according to CoreLogic.

Genworth's U.S. mortgage insurance business earned $179 million in 2015, but the parent company lost $615 million as it still has problems with its long-term care insurance product.

The rate of home price recovery during the seven years that a foreclosure remains on a consumer's credit report is one measure of whether borrowers who strategically defaulted made the right choice by walking away. But the results vary, depending on when, where and in what price tier that borrowers defaulted.

Borrowers who walked away from underwater mortgages are coming back to the market. Some lenders are ready to give them a second chance.

After years of refi-fueled origination volume, lenders have their hopes pegged to a resurgent purchase market in 2016 and beyond. But it raises an important question: will strategic default rear its head again in the next downturn?

Freddie Mac has taken out another reinsurance policy that transfers risk of default on mortgages it insures.

The delinquency rate on commercial mortgage-backed securities dropped sharply in January, thanks to the resolution of New York's Stuyvesant Town loan, according to Trepp.

Fannie Mae and Freddie Mac unveiled an appeals process Tuesday that will allow an independent arbitrator to resolve disputes between lenders and the government-sponsored enterprises over loan repurchase demands.