The total mortgage delinquency rate among large mortgage servicers in March was at the second-lowest level in the post-crisis era. A number of factors are contributing to strong loan performance.
New Jersey recently passed licensing requirements for mortgage servicers, taking the tally to about 40 states. More than 20 states also have licensing requirements for investors in servicing.
A number of lenders and issuers have seen better execution for GSE-eligible investment-properties in non-agency MBS instead of delivering the product directly to Fannie and Freddie...