Mortgage defaults

The number of large-scale natural disasters continued to proliferate in 2019, creating new situations where local mortgage delinquency rates could stay inflated for the following 12 months, according to CoreLogic.

The nationwide mortgage delinquency rate had its best October in at least two decades, while the foreclosure rate remained at a 20-year for the twelfth straight month, according to CoreLogic.

A bankruptcy court judge denied a lender's motion to foreclose on properties controlled by an Austin real estate investor. But the judge then issued a warning, saying an exit plan better be ready by Feb. 2.

A lender that provided more than $388 million to finance one of Plano's biggest real estate developments has filed to foreclose on the project.

The delinquency rate for commercial mortgage-backed securities ended 2019 at its lowest point in nearly 11 years, aided by increased issuance and the resolution of legacy transactions, Fitch Ratings said.

November's foreclosure starts hit their lowest level since Black Knight started tracking this data in 2000, while the foreclosure rate reached a 14-year low.

Mortgage prepayment levels were at their highest in over six years during October, as existing homeowners took advantage of the lower rates to refinance, or to a lesser extent, purchase a new residence, Black Knight said.

The third-quarter delinquency rate fell to its lowest point since 1995, according to the MBA. However, Attom Data Solutions' numbers show foreclosure filings experienced a near-term growth spurt in October.

It was long believed down payment assistant programs were recipes for poor loan performance and future delinquencies, but that's not the case, according to a new report.

The share of severely underwater mortgages shrunk by over two percentage points compared with a year ago, as these borrowers benefited from the rise in equity levels, Attom Data Solutions said.