Mortgage defaults

Despite a recent dip, U.S. loan delinquencies are on a steady downward slope, according to Black Knight Financial Services.

Communication between homeowners and their servicers remains the most frequently reported challenge for housing counselors, the National Foreclosure Mitigation Counseling program said.

A Fair Housing Act lawsuit allowed to stand against a lender degrees removed from the alleged injury is one example of how broadly defined discrimination laws will open an abyss of litigation.

From due diligence and portfolio analysis to strategies for compliance and raising capital, the rapidly-evolving market for buying and selling distressed mortgage assets has created both challenges and opportunities for investors, servicers and portfolio managers.

Velocity Commercial Capital took steps to verify the so-called liar loan included in VCC 2015-1, a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.

Loan modifications, short sales and other mortgage workouts outpaced the total number of foreclosure sales in July, according to the Hope Now alliance.

American Homes 4 Rent has completed its second single-family rental securitization of the year.

Freddie Mac's next bond with exposure to actual losses on mortgages only features loans with loan-to-value ratios of over 80%.

The percentage of residential properties with negative equity fell to the single digits in the second quarter, according to CoreLogic.

Commercial real estate investment firm Case Real Estate Capital has purchase two nonperforming senior notes for $20.5 million.

The rising costs to service mortgages reflects a market where there are not only downsides to being too small, but hurdles to being too large — raising the question of whether there's a middle ground where servicers are not too big, not too small, but just right.

Moody's Investors Service just flagged a risk in bonds backed by single-family rentals: there aren't enough special servicers.

The national inventory of foreclosed homes and total completed foreclosures both fell in July, on a yearly basis, according to CoreLogic.

Total home equity in the United States mortgage market has risen nearly $1 trillion year-over-year to $7.6 trillion, the highest level since 2007, according to Black Knight Financial Services.

If you have a modified mortgage made around the time of the U.S. housing market’s peak, Cerberus Capital Management probably wants to buy it.

The commercial mortgage-backed securities delinquency rate rose in August, reversing an improvement in the rate in July, according to Trepp.

Mortgage securitizer Ginnie Mae could get hit if a proposed deadline for filing claims on FHA-insured loans goes into effect.

The Department of Housing and Urban Development's policies governing the Home Equity Conversion Mortgage program failed to detect instances where borrowers failed to comply with residency requirements, according to a report.

The share of properties sold during the foreclosure process continued to drop in July as the housing market continued on strong footing, according to RealtyTrac.

BlackRock Inc. is the latest company planning to finance investors who buy single-family homes, capitalizing on soaring rental demand as the homeownership rate sits at a five-decade low.