Since topping out in early 2010, the aggregate amount of severely delinquent mortgages has fallen by more than half. The improvement has been primarily concentrated in non-agency loans. Outstanding distressed loans are expected to return to pre-crisis levels within two years. As of May, $450 billion in residential first mortgages were at least 90 days [...]
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Non-Agency Loans Drive Decline in Distressed Balances
June 27th, 2012 
davidguide 
Posted in Business Loans 
Tags: crisis levels, Decline, delinquent mortgages, distressed loans, Foreclosure 
Comments OffBofA Tests Deed-in-Lieu Rentals
March 23rd, 2012 davidguide A new program being tested by Bank of America Home Loans on a limited number of delinquent mortgages would enable borrowers to hand over the titles to their properties but stay on as renters. The program could be expanded if it proves successful. The pilot program was launched this week in targeted hard-hit housing markets. [...]
Posted in Business Loans Tags: bank of america, bank of america home loans, BofA, Deed-in, delinquent mortgages, home, Housing, perception, post, public perception, Rentals Comments Off
