Browsing: foreclosures

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 in the fourth quarter of 2016 to the lowest level since 2008, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

Community Banking

In an often combative confirmation hearing before the Senate Finance Committee today, Treasury Secretary-Designate Steven Mnuchin made a strong defense of his banking career and emphasized the Trump administration’s plans for regulatory relief and tax reform.

Mortgage

The share of current and performing first-lien mortgages rose to 94.8 percent for the third quarter of 2016, up from 93.9 percent a year earlier, according to the Mortgage Metrics Report released today by the OCC.

Mortgage

Fannie Mae and Freddie Mac have sold 59,629 nonperforming loans as of August, with a total unpaid balance of $11.9 billion, according to the Non-Performing Loan Sales Report released by the Federal Housing Finance Agency today.

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, following a first-quarter decline that marked the lowest level since the first quarter of 2008.