Mortgage

OCC: Performing Mortgages Improve Year-on-Year

The percentage of mortgages that were current and performing at the end of the first quarter reached 94.9 percent, up from 94.2 percent a year earlier, according to the Mortgage Metrics Report released today by the Office of the Comptroller of the Currency.

Read More »

SCOTUS to Review City of Miami Fair Housing Case

The Supreme Court on Monday agreed to review a case involving a lawsuit brought by the City of Miami against Bank of America and Wells Fargo alleging the banks engaged in discriminatory lending practices that resulted in reduced property tax revenues.

Read More »

ABA Offers Tips for First-Time Homebuyers

With 52 percent of Americans saying they plan to buy a home in the next five years, the ABA Foundation today issued a press release with tips to help first-time homebuyers save up for a down payment and achieve their goal of homeownership.

Read More »

Delinquent GSE Mortgages Continue to Decline

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell 10 percent in the first quarter, the lowest level since the first quarter of 2008, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

Read More »