Mortgage defaults

While the rate of homeowners who owed more on their home than what it is worth decreased nationwide, there were 17 neighborhoods with a large percentage of underwater homeowners.

Commercial mortgage lenders, and investors in their bonds, have been more eager than the residential market to embrace Property Assessed Clean Energy loans even though those loans hold a superior-lien position. Here’s why.

The default rates for first and second mortgages rose prior to the presidential election, according to Standard & Poor's and Experian.

For the first time, the Department of Housing and Urban Development is selling notes secured by unoccupied one-to-four homes where the last surviving reverse mortgage borrower died.

MTLGQ Investors, a Goldman Sachs affiliate, submitted the winning bids in Fannie Mae's sale of $1.3 million of nonperforming loans.

PHH Corp. has agreed to pay a $28 million fine to the New York Department of Financial Services to settle allegations its servicing and origination units mistreated borrowers.

Towd Point Master Funding, an affiliate of Cerberus Capital Management, was the winning bidder for two pools of reperforming mortgages with a balance of $789.2 million auctioned by Fannie Mae.

The number of seriously delinquent mortgages declined 24.8% in September from one year prior, as the number of loans more than 90 days late is at its lowest since August 2007, according to CoreLogic.

A post-crisis spike in foreclosures, the Deepwater Horizon oil spill and recent flooding in Louisiana all shaped the terms and timing of a bank deal struck in Florida.

Diamond Resorts is preparing its first offering of bonds backed by timeshare loans in nearly a year, according to Kroll Bond Rating Agency.