Browsing: Foreclosures

Compliance

The percentage of Qualified Mortgages originated by banks declined in 2015, falling to 86 percent from 90 percent in 2014, according to ABA’s latest Residential Real Estate Survey released today as the association kicks off its annual Real Estate Lending Conference in San Antonio.

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.

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.