Mortgage defaults

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.

The mortgage industry completed 411,000 loan modifications in the second quarter that did not involve a foreclosure, a 7% decline from the previous quarter, according to the Hope Now organization.

Fannie Mae has announced the winning bidder for two pools in its second nonperforming loan sale, which includes roughly 3,900 loans carrying a total of $765 million in unpaid principal balance.

Ocwen Financial has partnered with several local organizations to sponsor seminars to help homeowners stay in their homes.

Bank repossessions of distressed homes hit a 30-month high in July, as financial institutions continue to work through the backlog of bubble-era loans.

Consumer credit default rates remained stable during the month of July, according to credit bureau Experian.

Sabal Financial Group has put a $541 million portfolio of real estate loans up for sale.

The Federal Housing Administration's Neighborhood Watch website is back online after crashing about three weeks ago.

Freddie Mac has begun an auction of delinquent nonperforming loans serviced by Ocwen Financial.

It was a small deal — about 220 U.S. home loans packaged into a $72 million bond offering — but it's looking like a post-crisis milestone.

Foreclosure inventory and completed foreclosures declined drastically during June, real estate analytics firm CoreLogic found in its monthly survey.