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Second-quarter performance on commercial real estate loans was up 139 basis points from the first quarter, the Mortgage Bankers Association reported.
Among all investor types, performance on CMBS loans was worst.
Compared to a year earlier, CMBS delinquency was up more than 400 BPS.
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CMBS Delinquency Leaps
Home-loan delinquency of at least 90 days, including foreclosures, fell 12 basis points in July, Lender Processing Services Inc. reported.
Excluding foreclosures in process, the delinquency rate was 22 BPS
Risk on retail and commercial loans increased for the third consecutive year, according to the 16th annual Survey of Credit Underwriting Practices released Thursday from the Office of the Comptroller of the Currency.
The increase came despite tightened underwriting standards.
But competition is driving some easing of standards, and credit market liquidity has shown a slight improvement.
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Loan Risk to Continue Increasing
The U.S. Department of Housing and Urban Development has released the new mortgage insurance premium structure for loans insured by the Federal Housing Administration.
On traditional mortgages, the up-front premium has lowered, HUD
A final rule from the Federal Housing Finance Agency outlines 2010-2011 housing goals for Fannie Mae and Freddie Mac.
On purchase transactions, the minimum goal for low-income loans is 27 percent.
In addition, 8 percent of Fannie’s and Freddie’s acquisitions must be for “very low-income family” homes.
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Fannie, Freddie Goals Released
Freddie Mac reported this week that the average 30-year fixed-rate mortgage fell to 4.32 percent.
It was the lowest level recorded since Freddie began tracking the 30-year nearly four decades ago.
But a 7-basis-point jump in the 10-year Treasury yield suggests mortgage rates will be higher in next week’s reports.
More:
Record Rates Rising
TORONTO, Ontario, September 02, 2010 — From New York -The barrage of negative housing data in the past month has taken a toll on U.S. consumers, with 40 percent saying they expect the sale prices of homes in their neighborhood to decrease over the next year, compared to 31 percent who said this in August, according to the monthly RBC Consumer Outlook Index. Only one-quarter of Americans …
Pending home sales rose modestly in July, two months after taking a steep plunge that put the housing market into the doldrums.
Read More at MortgageLoan.com
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Pending Home Sales Show Modest Increase
A lawsuit was filed Virginia on behalf of 47 Virginia plaintiffs who said their credit reports contain inaccurate information.
All of the plaintiffs have filed for bankruptcy.
But their credit reports contain records of debt that still appear active even though it has been discharged.
Source:
Credit Agencies Sued Over Bankrupt Account Reporting
Low inflationary pressures allowed mortgage rates to fall to new lows again this week, according to today’s weekly rate survey from Freddie Mac.
Read More at MortgageLoan.com
Original post:
Subdued Inflation Sends Mortgage Rates to New Lows