Mortgage defaults

The U.S. mortgage delinquency rate, for loans at least 30 days late, fell 2.9% in June from the previous month, Black Knight Financial Services said in its monthly mortgage performance report.

Radian's note repurchase and issuance of new debt have helped increase the liquidity and capital strength of its mortgage insurance business.

Genworth Financial Inc. is in exclusive talks to sell a European unit to France's Axa SA as Chief Executive Officer Tom McInerney works to fill a capital gap at its private mortgage insurance subsidiary.

Consumer credit defaults increased during June, according to data from the S&P Dow Jones Indices and consumer credit reporting agency Experian.

The methodologies and paths for proactive consumer outreach can vary dramatically depending on multiple risk factors that servicers must have a plan to mitigate.

Fannie Mae is selling three pools of nonperforming loans totaling $788 million in unpaid principal balance, the government-sponsored enterprise announced Thursday.

Citigroup's second-quarter profit got a modest boost from Citi Holdings, a unit set up six years ago as a dumping ground for toxic assets. After losing billions for years, Citi Holdings has now become a minor profit source for its parent.

Creditors of a Dallas-based special servicer and mortgage services firm that filed Chapter 7 bankruptcy this week include technology providers, financial institutions and property management companies.

Foreclosure volume was down 3% for the first six months of 2015 compared with the same time span last year, a new report from analytics firm RealtyTrac found.

Citigroup's combined gain-on-sale and mortgage servicing revenue increased by 34% in the second quarter over the same period last year.

Fannie Mae completed its second credit risk sharing transaction as part of its efforts to diversify counterparty exposure and reduce taxpayer risk.

The national foreclosure rate in May fell to its lowest level since December 2007 as the housing market showed continued signs of improvement, according to CoreLogic.

Loans backing commercial mortgage-backed securities saw a slight uptick in delinquencies last month, Fitch Ratings reported.

New prime jumbo residential mortgage-backed securities issuance looks on track to outpace last year's levels, Fitch Ratings announced Monday.

Freddie Mac has obtained two more reinsurance policies transferring risk of default on mortgages that it insures.

One of the bond market's hottest trades from last year is losing its luster.

NetDirector has upgraded its software to improve the accuracy of verifications of borrowers who are members of the military.

Two mortgage servicers have agreed to join a group of peer institutions in following a series of guidelines to address zombie properties in New York State, Gov. Andrew Cuomo announced Thursday.

The delinquency rate on loans backed by the value of consumers' homes hit a postcrisis low in the first quarter, according to the American Bankers Association.

The Greek debt crisis and China's stock-market crash may put downward pressure on interest rates and delay the Fed's interest rate hike, and they are adding uncertainty at a time when lenders thought recovery would be taking hold.