(Reuters) – Fannie Mae (FNMA.OB) expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
The serious delinquency rate has steadily improved but remains elevated, with 9.5 percent U.S. unemployment and wage [...]
New York Times: LOS ALTOS, Calif. — No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars.
The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this [...]
(Reuters) – Delinquencies on U.S. home mortgages fell for the first time in more than two years, though the number of newly initiated foreclosures rose sharply in the first quarter of this year, U.S. banking regulators said on Wednesday.
The total number of serious delinquencies fell 7.5 percent to 2.2 million, while the number of newly [...]
CHICAGO (MarketWatch) — The percentage of loans in foreclosure or with at least one payment past due was a non-seasonally-adjusted 14% in the first quarter, down from 15% in the fourth quarter of 2009, the Mortgage Bankers Association said Wednesday. But mortgages in the foreclosure process hit a record high at a non-seasonally-adjusted 4.63%, up [...]
REUTERS Delinquencies on mortgages rose to nearly 14 percent in late 2009, led by a sharp increase in seriously overdue home loans held by the most credit-worthy borrowers, U.S. banking regulators said on Thursday. The percentage of current and performing mortgages fell to 86.4 percent at the end of the fourth quarter of 2009, down [...]
NEW YORK (Reuters) – More homeowners are falling behind on their mortgages, jeopardizing the nascent housing recovery and raising the possibility that home prices have not found their bottom but could instead fall further. More than 8 percent of homeowners were behind 30 days or more on their mortgage loans, up 4.4 percent from December [...]
Report shows 10.7 million borrowers are stuck with homes that are worth less than the mortgages they owe. In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.
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US mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter, with both reaching record highs, the Mortgage Bankers Association said on Thursday.
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The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
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High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax credit bureau showed on Monday.
Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July, [...]
CHICAGO (MarketWatch) — Residential mortgages either in foreclosure or with at least one payment past due hit 13.16% in the second quarter, the highest percentage ever recorded by the Mortgage Bankers Association, the industry group reported on Thursday.
The delinquency rate for mortgages on one- to four-unit properties rose to a seasonally adjusted 9.24% of all [...]
