Distressed
- REAL ESTATE
Fannie Mae serious delinquencies fall to just above 1%
Overall, the serious delinquency rate for conventional mortgages in Fannie Mae’s single-family portfolio fell to 1.01% in March, bringing it…
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Forbearances drop to nearly 1% of servicing volume
Forbearances declined further in March and are now closing in on just 1% of total servicing volume, according to the…
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FHA to offer 40-year mods to COVID-affected borrowers
The Federal Housing Administration issued a mortgagee letter putting in place a 40-year mortgage modification option for borrowers who were…
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Bank, nonbank mortgage modification rates diverge: Fitch
Modifications have begun in earnest as forbearance has receded, and it looks like banks are having the most success qualifying…
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