Mortgage defaults

Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.

The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.

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.

American International Group will provide reinsurance coverage on three years of United Guaranty's policies and that was an important consideration to do the deal with Arch, said AIG's Rob Schimek.

Altisource's default software subsidiary Equator has launched a new suite of tools for real estate agents to provide insight into the market of bank-owned properties.

The percentage of vacant bank-owned properties is larger now versus a year ago as banks are completing more foreclosures, according to Attom Data Solutions.

Home equity line of credit originations are in the midst of a comeback, fueled by the rise in home prices, according to a white paper released by Experian.

Ocwen Financial Corp. failed two compliance tests related to force-placed insurance during the fourth quarter of 2015, according to the monitor of the National Mortgage Settlement.

There are more than 300 Louisiana properties affected by floods included in commercial mortgage-backed securities, according to Morningstar Credit Ratings.

A California man was sentenced to 52 months in federal prison over his role in an alleged mortgage loan modification scheme.

Altisource has expanded its offerings to include foreclosure auction services.