Mortgage defaults

Late payments on securitized commercial mortgages rose again in March, led by industrial and retail property loans.

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

A Cathedral City, Calif., master-planned community has drawn on reserves twice in the past six months for bonds issued to build the project's infrastructure.

It is the most famous street in one of Los Angeles' most coveted neighborhoods.

New Jersey Community Capital was the winning bidder of Fannie Mae's sixth Community Impact Pool auction of nonperforming loans.

Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.

First- and second-lien mortgage default rates increased slightly in February, according to the S&P/Experian Consumer Credit Default Indices.

Modification activity increased slightly in January over December as servicers worked their way through the remaining Home Affordable Mortgage Program applications.

Bank of America has completed its legal settlement obligation with the Department of Justice to provide $7 billion in consumer relief nearly two years ahead of schedule.

A foreclosure by Licking County on the basket-shaped headquarters of the Longaberger Co. is imminent

In more good news for the real estate market, thousands of Albuquerque-area residents have regained equity in their homes.

Fannie Mae has chosen the winners of its latest nonperforming loan sales, which included 9,400 loans with $1.68 billion in unpaid principal balance.

Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall.

First Financial Network is marketing $80 million in performing and nonperforming residential mortgage loans on behalf of the National Credit Union Administration.

Ocwen has reserved $12.5 million to put toward a potential settlement with the Consumer Financial Protection Bureau.

The monthly prepayment rate declined in January, an indication of the effects of higher interest rates.

Ocwen Financial Corp. reduced its net loss in the fourth quarter, a reflection of the company's efforts to reduce expenses.

Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues.

The quarter-to-quarter increase in the mortgage delinquency rate is nothing to get excited about — yet, said a member of the Mortgage Bankers Association economics team.

The mortgage servicer will pay at least $25 million in cash and provide some $200 million in debt relief to borrowers to resolve a range of alleged violations. But Ocwen will also be allowed to resume acquiring servicing rights in the nation's largest state.