Posts Tagged ‘Delinquency’

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Loan Performance Continues Improving at Radian

Delinquency has declined for two consecutive months at Radian Group Inc. While there was no month-over-month change in new polices written, activity more than doubled from the same month last year. The mortgage insurance company reported $2.0 billion in primary new insurance written during February. There was no change in business volume from January. View [...]

Banks Improve Performance

The banking sector has lifted quarterly earnings by nearly 9 percent over the past year. At the same time, the sector cut residential delinquency by more than 70 basis points. In addition, the number of bank failures during the first six months of this year was down nearly half from the same period last year. [...]

Detroit Defies Deteriorating U.S. Mortgage Performance

Delinquency of at least 60 days on U.S. home loans deteriorated 25 percent between 2007 and 2011, Experian reported Friday. But four Metropolitan Statistical Areas actually recorded an improvement during the period. Nowhere was that more evident than in Detroit, where delinquency was 17 percent lower in 2011 than in 2007. View full post on [...]

Freddie’s Portfolio Expands, Delinquency Declines

Purchases and issuances during February helped lift Freddie Mac’s total mortgage portfolio $159 million from January. The rise followed 11 consecutive months of declines. Residential delinquency of at least three months was down for the thrid consecutive month at the secondary lender. View full post on Mortgage Stories

December Delinquency Decline is 2nd Drop

During December, mortgage delinquency of at least 30 days, including foreclosures, came in 12 basis points lower than November, Lender Processing Services Inc. reported. The rate was 158 BPS better than in December 2009. The improvement came despite an increase in the foreclosure rate as new defaults tumbled. View full post on Mortgage Stories

Delinquency Rate on U.S. Mortgages Declines

But the report, from the Mortgage Bankers Association, also found a rising rate of new foreclosure applications. View full post on Business Stories