“For the first time since January 2017, the default rates for autos, bank cards and mortgages all rose together,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jow Indices, which together with Experian released their consumer credit default report for Read more
Altisource: “Rising” FHA Loans to Lead Growth in Lenders’ Portfolio
Volumes of FHA loans and VA loans are predicted to increase, causing growth in lenders’ portfolio, by majority of mortgage servicing professionals surveyed by Altisource Portfolio Solutions S.A.This rise in FHA loans is confirmed by data gathered by FHA’s regulator, the Department of Housing and Read more
Mortgage Delinquencies Continue to Fall, Hit 10-Year Low
Hitting the lowest level since January 2000 is the early-stage delinquency rate, now at 1.7 percent. It fell by 0.2 percent in March 2017 from a year ago. Early-stage delinquency refers to those mortgage loans which are 30 to 59 days late. This data is according to the Loan Performance Insights Read more
Collection Accounts: Why Their Removal Matters
At least for certain consumers whose collection agency has adopted a more lenient credit reporting policy, they’d see less of their collection accounts on their credit reports. Still, for the rest, there are years to count for the complete removal of one collection account. An account in collection Read more
Can You Refinance If You Have a Delinquent Mortgage?
The answer is, it depends. Conventional mortgage wisdom tells you that you can’t refinance a delinquent mortgage under existing standards. But there are exceptions and some leeway afforded to delinquent homeowners. The challenge is to find a lender who is willing to work with you under its own Read more
