The delinquency rate on mortgages 30 days or more past due fell by more last month than it has in nearly a year, according to Lender Processor Services’ Mortgage Monitor report to be released later this week. Read More »

Almost half of the homes sold in January were foreclosures or short sales, the highest level of distressed sales in nearly a year, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »

Institutional mortgage investors and distressed homeowners are strange bedfellows. Last week the Massachusetts Supreme Court issued a landmark ruling voiding two foreclosures, asserting U.S. Bankcorp and Wells Fargo did not prove they owned the mortgages. Legal challenges point to serious front end problems in the actual securitization of the mort Read More »

While foreclosure starts remain high, the longer term foreclosure picture is improving as evidence mounts that delinquencies, though still very high, are declining, despite the economy. Read More »

Rising numbers of real-estate owned properties (REOs) and delinquencies are creating excess supply in housing markets across the country. Read More »

Another provider of national credit data reported today that mortgage delinquencies have been falling during the first half of the year, suggesting that the housing sector is beginning to stabilize. Read More »

Year-over-year home prices increased in June for the fifth consecutive month, but at a much lower rate than April and May, reported CoreLogic’s Home Price Index (HPI). Read More »

Another foreclosure listing site reported today that foreclosures are declining at an accelerating rate as subprime resets abate and unemployment, though high, remains relatively unchanged. Read More »

While foreclosures fell in nine out of the nation’s ten highest foreclosure markets during the past six months, they are increasing almost everywhere else in the nation as the changing causes of mortgage defaults bring foreclosures home to hundreds of communities. Read More »