Analysis: Sloppy subprime car loans will deepen automakers’ woes

Author:  //  Category: Mortgage

… Holdings, one of the biggest subprime auto lenders, double-checked incomes for … let consumers pack on more mortgage debt than they could reasonably … smaller than the amount of mortgage debt outstanding at its peak … much lower than those of mortgages.
But there will be some …

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Analysis: Sloppy subprime car loans will deepen automakers’ woes

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Seasonal Surge in Mortgage Delinquency

Author:  //  Category: Mortgage

Delinquency on residential loans soared last month, though the surge was attributed to seasonal factors, Foreclosure starts, however, sank to a 12-year low.

First-lien mortgages that were at least 30 days delinquent or in the foreclosure inventory numbered 2.506 million as of April 30.

The number jumped from 2.279 million as of a month earlier. But the total has receded compared to a year earlier, when it was 2.741 million.


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Seasonal Surge in Mortgage Delinquency

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Freddie’s New Business Dips, Delinquency Holds

Author:  //  Category: Mortgage

Secondary lending volume slipped last month at the Federal Home Loan Mortgage Corp. as delinquency remained at a nearly decade low.

Last month ended with a $2.0301 trillion total mortgage portfolio, Freddie Mac reported in its Monthly Volume Summary: April 2017.

The McLean, Virginia-based organization’s book of business continued to expand, ascending from $2.0292 trillion as of March 31, 2017.


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Freddie’s New Business Dips, Delinquency Holds

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HUD Budget Includes New FHA Administrative Fee

Author:  //  Category: Mortgage

The Department of Housing and Urban Development’s proposed budget includes a new administrative fee on government-insured mortgages to fund technology updates.

On Tuesday, HUD announced the Trump administration’s proposed fiscal-year 2018 budget for the agency and for the Federal Housing Administration.

HUD projects that there will be $228.7 billion in total FHA loan volume for fiscal-year 2018, which begins on Oct. 1 of this year and concludes on Sept. 30, 2018.<


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HUD Budget Includes New FHA Administrative Fee

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Auto lender Santander checked income on just 8% of subprime loans bundled into bonds

Author:  //  Category: Mortgage

… is counted among the biggest subprime auto-loan firms, verified income on … of the size of the subprime mortgage market that crumbled in the … be limited to subprime Delinquencies on U.S. subprime auto asset-backed securities … getting harder to ignore rising subprime auto defaults There is also …

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Auto lender Santander checked income on just 8% of subprime loans bundled into bonds

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FHA Originations Rising, Delinquency Tumbles

Author:  //  Category: Mortgage

The monthly volume of home loans insured by the Federal Housing Administration turned higher, and a further increase is on the way. Delinquency, meantime, sank.

As of March 31, FHA insurance was in force on 8,512,519 residential loans for $1.2744 trillion, according to an analysis Department of Housing and Urban Development data.

FHA’s book of business included $1.1300 trillion in single-family loans, $0.1434 trillion in home-equity conversion mortgages and $0.0010 trillion in Title I loans.


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FHA Originations Rising, Delinquency Tumbles

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In Home Capital’s Mortgage Mess, Blame the `Unlucky’ Brokers (1)

Author:  //  Category: Mortgage

… . Mortgage dealers using lax standards lined up the kinds of exotic mortgages now synonymous with the crisis. Hundreds of subprime lenders … failures spread quickly from subprime to prime mortgages. There’s no evidence …

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In Home Capital’s Mortgage Mess, Blame the `Unlucky’ Brokers (1)

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New Home Supply Rises As Sales Slow

Author:  //  Category: Mortgage

Although the pace of new home sales turned lower last month, the supply of homes available for sale was the greatest in nearly eight years.

There were 54,000 new U.S. single-family residences that were sold during April, fewer than an upwardly revised 61,000 the preceding month.

But despite the month-over-month decline, activity held up compared to the same month last year, when a downwardly revised 55,000 units sold.


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New Home Supply Rises As Sales Slow

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What Canada Should Do About Its Housing Bubble: Editorial

Author:  //  Category: Mortgage

… resemblance to the U.S. subprime boom that triggered the global … , has had issues with fraudulent mortgage applications, regulation has largely kept … the U.S. Nearly all mortgage securities and a large portion …

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What Canada Should Do About Its Housing Bubble: Editorial

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In Home Capital’s Mortgage Mess, Blame the `Unlucky’ Brokers

Author:  //  Category: Mortgage

… . Mortgage dealers using lax standards lined up the kinds of exotic mortgages now synonymous with the crisis. Hundreds of subprime lenders … failures spread quickly from subprime to prime mortgages. There’s no evidence …

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In Home Capital’s Mortgage Mess, Blame the `Unlucky’ Brokers

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