Mortgage defaults

Towd Point Mortgage Trust is adding more "dirty" pool assets into its fourth reperforming mortgage securitization of 2016.

The average sales price of a new mobile home was $67,800 in April, compared with an average sales price of $380,000 for a site-built home.

Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.

The June Brexit vote continues to have implications for the mortgage industry, as prepayment rates jumped even higher.

Americans are carrying higher levels of debt as they head into retirement, raising the specter of financial headaches in their old age, according to Prudential Financial.

More than 9 million consumers would have difficulty paying all of their monthly debt obligations, including their mortgage, if the Federal Open Markets Committee raises short-term rates by 25 basis points, a TransUnion study found.

Activity under the Making Home Affordable program increased in the second quarter thanks to the introduction of the Streamline Home Affordable Mortgage Program, according to a performance report from the Treasury Department.

Loan modification activity fell again on a monthly basis, but there are still several states where borrowers need assistance, according to the Hope Now alliance.

Higher home values have lifted thousands of homeowners out of negative equity in the second quarter.

The foreclosure inventory rate in July reached the lowest level recorded for any month since August 2007, according to CoreLogic.