Distressed

But the senior housing portfolio is starting to show signs of significant stress, causing the multifamily sector's delinquency rate to rise by 200% year-over-year.

But mortgage numbers remain historically very low and fall short of pre-pandemic levels, according to VantageScore's latest monthly report.

The growing number of financially troubled customers and servicing transfers gone wrong helped to lower the overall industry score by 6 points, J.D. Power said.

Three years later, the percentage who kept paying was the same as those who didn't and exited without immediate loss mitigation in place, the Mortgage Bankers Association discovered.

While multifamily late payments were flat, hotel properties continued to improve but office performance deteriorated significantly from the first quarter, the Mortgage Bankers Association said.

Over 111,000 distressed mortgage holders opted into a loan modification program during the COVID-19 pandemic by using a designated digital platform or app, according to Black Knight.

But the volume of activity for distressed properties is still lower than the historic norms, Attom Data Solutions said.

There's quite a bit of inventory out there that would have otherwise been returned to the market but for unduly harsh political theater writes the CEO of the National REO Brokers Association.

The payment supplement partial claim the Federal Housing Administration proposed could be effective but not as is, according to the Mortgage Bankers Association and two other groups.

In 2021, Black and Hispanic homeowners were most prone to have suspended payments, but by 2023 they were just as likely to have resumed them as other groups, a study found.

An Urban Institute and Federal Home Loan Bank of San Francisco paper suggests creating a pilot program in which some down payment funds are set aside in case the borrower runs into problems.

The amount of distressed assets rose 10% in the first three months of the year, according to a new report from MSCI Real Assets.

Some borrowers reportedly balk at moving to longer terms to modify as the popping of tiny housing bubbles potentially puts new strain on performance.

Under new terms of its program, the Aloha State will also extend assistance to reverse mortgage holders as well as some borrowers with nondelinquent loans.

But when compared past periods of upheaval, those rates remain relatively low, the Mortgage Bankers Association report showed.

But more potential owner-occupants are entering this market as a result of tight housing market conditions, Auction.com found.

Many borrowers have historically low rates obtained during the 2020-2021 housing boom but a smaller number of people entering the market since 2022 have higher financing costs and less equity.

This summer, the Department of Veterans Affairs will introduce a new kind of a "last-ditch effort" to keep veterans in homes, by making servicers whole and putting the delinquent borrowers on an exclusive interest rate.

The 13% jump from March stemmed primarily from borrowers late by 30 days, possibly due to a Sunday month-end close that complicated the receipt of payments.

Now that the national emergency is over some — but not all — government-related entities have set what may be final deadlines for this form of pandemic relief.