Delinquencies

The coronavirus relief law allows forbearance plans for up to a year on federally backed mortgages, but House Democrats say homeowners have had difficulty getting relief.

The rise in late and suspended payments following the coronavirus outbreak in the United States may have helped the FHA realize it's high time to improve the process.

The share of Dallas-Fort Worth area homeowners who are behind on their mortgage payments is spiking with the pandemic.

The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.

A significant number of plans that expired at the end of June were not renewed, Black Knight said.

Compared with the week prior, approximately 83,000 more loans from all investor types became forborne.

For banks with assets between $10 billion and $100 billion, the average exposure is 165% of capital.

The delinquency rate at the end of May was the highest in over eight years, but that includes borrowers in forbearance plans.

Compared with the week prior, approximately 57,000 fewer loans from all investor types were forborne.

If delinquency rates rise, all four stand-alone firms would have a capital shortfall.

About 9% of government-insured loans in forbearance have low equity, which could hamper post-forbearance servicing.

But there was an increase in private-label mortgages in forbearance.

Forecasts about the pandemic's impact on the mortgage market have grown less dire after forbearance requests by homeowners nearly leveled off in the first half of May.

As the growth rate in forbearance requests downshifts, a vast stockpile of loans await modifications.

Progress Residential is bringing its next securitization of single-family rental properties to market, even as concerns mount on the depth of pandemic-driven tenant forbearance and delinquency trends.

Ginnie Mae is offering temporary relief related to its acceptable delinquency-rate threshold in response to issuers' need to fulfill the forbearance requirements in the coronavirus rescue package.

By the end of the first quarter, the number of borrowers 30 days late on their mortgage increased by 59 basis points.

More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout requests in the past month.

Fitch assumes a significant spike in defaults over the next few months, as well as declining new issuance volume during the second and third quarters of 2020, fewer maturing loans and fewer resolutions by special servicers.

The coronavirus relief legislation could result in private mortgage insurers having to hold more capital, a B. Riley FBR analyst report said.