Browsing: Delinquencies

Newsbytes

Delinquencies in both closed-end and open-end loans fell in the first quarter of 2016, according to the ABA Consumer Credit Delinquency Bulletin released today. The report credited consumers’ responsible management of their finances for the decline, noting lower delinquency rates in seven out of 11 individual loan categories.

Mortgage

Borrowers who are seriously delinquent on loans owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for a one-time principal reduction to help them avoid foreclosure and stay in their homes, the Federal Housing Finance Agency announced today.

Mortgage

The share of current and performing first-lien mortgages rose to 94.1 percent for the fourth quarter of 2015, up from 93.2 percent a year earlier, according to the Mortgage Metrics Report released today by the OCC.

Economy

Delinquencies in closed-end loans rose slightly in the third quarter of 2015 amid slower economic growth, according to the ABA Consumer Credit Delinquency Bulletin released today.

Newsbytes

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 3 percent in the third quarter of 2015, as the economy improved and home prices continued to rise, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

Economy

Delinquencies on consumer loans fell significantly in the second quarter, driven by large declines in home loan-related delinquencies, according to the ABA Consumer Credit Delinquency Bulletin that was released today. Delinquencies fell in seven of the 11 loan categories.

Mortgage

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 6 percent in the second quarter of 2015, following a 9 percent drop in the first quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

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