Delinquency

Browse articles from all of our Newsletters related to Delinquency.

January 12, 2018 - Inside FHA/VA Lending

Around the Industry

FHA Announces Revised Method for Calculating Initial MIP for HECM Refis. FHA has modified the formula for calculating the initial mortgage insurance premium for Home Equity Conversion Mortgage refinances with case numbers assigned on or after Sept. 19, 2017. The formula was modified on Nov. 14, 2017. The change conforms to the final rule FHA implemented last year to strengthen the HECM program. The revised formula has been posted on FHA’s HECM page on hud.gov, FHA Connection Release Notes, dated Dec. 28, 2017. The FHAC Release Notes outline the changes and processing instructions for lenders to calculate the initial MIP for HECM refis. HUD Releases Guide to Help Borrowers and Disaster Victims Avoid Foreclosure. The Department of Housing and Urban Development has released the Homeowners Guide to Success to help struggling homeowners and ...


December 21, 2017 - Inside Mortgage Finance

Tax Reform a Mixed Bag for Housing Industry: Lower Mortgage Deduction and Some Lobbying Victories

Congress approved significant reforms to federal tax policies this week, which will include a number of changes for the housing industry.


December 8, 2017 - Inside Nonconforming Markets

Subprime Delinquency Rate Jumps in 3Q17

Delinquency rates on subprime mortgages increased in the third quarter after showing strong improvement earlier in the year. As of the end of September, the subprime delinquency rate was 18.61 percent, according to Black Knight. The rate increased from 16.80 percent in June. As with overall mortgage performance, hurricanes had an impact on subprime delinquencies. And while delinquencies increased, they’re below the 19.03 percent level at ... [Includes one data chart]


December 8, 2017 - Inside Nonconforming Markets

Jumbo Delinquency Rate Rose in 3Q17, But Sector in Line with Overall Market

After declining for two consecutive quarters, the delinquency rate on jumbo mortgages increased in the third quarter of 2017, according to Black Knight. Hurricanes contributed to the uptick in delinquencies, and performance in the jumbo market remains strong overall. The delinquency rate on non-agency jumbo mortgages was 1.60 percent as of the end of September, according to Black Knight. That was up from 1.49 percent in the previous quarter ... [Includes one data chart]


Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

vote to see results