DSNews Author: Brian Honea December 12, 2014 Washington, D.C.-based NeighborWorks America, one of the nation’s largest community development corporations, announced that more than 1.8 million homeowners have received foreclosure prevention counseling through the association’s National Foreclosure Mitigation Counseling Program (NFMC) as of July 31, 2014. Distressed homeowners have utilized local nonprofits, national intermediaries, and […]
Category: delinquency
Mortgage Delinquency Rate Predicted to Fall by End of 2015
DSNews Author: Brian Honea December 10, 2014 Mortgage Delinquency Rate Predicted to Fall to Pre-Recession Level by End of 2015 The nation’s mortgage loan delinquency rate is expected to fall down to 2.51 percent by the end of 2015, its lowest level since prior to the housing bust, according to data released […]
FHA Program Aims to Expand Credit; Lower Risk
DSNews BY: Colin Robins May 13, 2014 The Federal Housing Administration (FHA) issued its “Blueprint for Access,” which aims to expand credit access for underserved borrowers by utilizing housing counseling as a means to reduce the possibility of loans becoming seriously delinquent. The announcement highlights a new pilot program, Homeowners Armed with Knowledge (HAWK), which […]
Fannie Mae’s Book of Business Declines in Q1
DSNews BY: Krista Franks Brock May 5, 2014 Fannie Mae’s book of business declined for the first three months of this year, ending the first quarter with a monthly compound annualized rate of -1.8 percent. Over the first quarter, the GSE’s book of business declined at a compound annualized rate of 2.2 percent. The last time […]
Mortgage Delinquency Rate Continues to Drop
DSNews BY: Colin Robins May 7, 2014 The mortgage delinquency rate declined to 3.61 percent at the end of the first quarter of 2014, according toTransUnion’s latest mortgage report. Overall, the mortgage delinquency rate has dropped 24 percent in the last year, and has experienced nine consecutive quarters of decline. Currently, the rate is […]
