Archive of posts tagged mortgage delinquencies

Lenders’ Risk Managers Expect Mortgage Delinquencies to Drop

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FICO’s quarterly survey of bank risk professionals found a reversal in the sentiment of U.S. lenders, with expectations for loan repayments more upbeat in the first quarter of 2012 than they had been during the previous quarter. The survey, conducted for Minneapolis-based FICO by the Professional Risk Managers’ International Association (PRMIA), found fewer lenders anticipating …

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Foreclosure backlogs persist

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The improving job market and economy is helping push mortgage delinquencies and foreclosure starts down, but the percentage of loans in the foreclosure process remains stubbornly high, especially in states most affected by robo-signing issues, according to a quarterly survey of lenders by the Mortgage Bankers Association. Since peaking at 10.1 percent in March 2010, …

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Mortgage Delinquencies Improve

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According to an article by DSNews.com, and amount of mortgage borrowers who are delinquent in their payments has dropped to 6.19 percent (an amount they sourced to TransUnion). This percentage is allotted to the end of the first quarter of 2011, and is down from the 6.41 percent at the end of last year.  The …

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Avoid foreclosure-prevention scams

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CNNMoney.com gave three tips on avoiding foreclosure-prevention scams in an article the other day: With mortgage delinquencies at an all-time high, there are lots of desperate homeowners seeking to avoid foreclosure — and tons of scam artists trying to take advantage of that. The fraudsters promise the moon but rarely deliver any help. In Times …

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