Strategic defaulters opt to continue paying on second liens

BuildFax October Housing Health Report Reveals New. – The BuildFax October Housing Health Report found the rate of remodeling spend has increased substantially (16.57 percent year over year) while annual remodel volumes dipped 4.21 percent, even as new construction wavers. The report, which leverages U.S. property condition and history data to.Ocwen unveils new principal reduction program $1.2 billion Fannie, Ginnie bulk MSR portfolio for sale  · PennyMac is tapping the securitization market again to fund its growing portfolio of mortgage servicing rights. Last week, the real estate investment trust launched an offering of $450 million of five-year bonds from its master trust backed by rights to service loans acquired by Fannie Mae.Commercial mortgage-backed securities market at crossroads For example, commercial mortgage-backed securities issued during a market peak or at a time when underwriting standards were low are likely to pose higher risks. CMBS can also be negatively affected by weakness in the real estate market, as was the case in 2008 and 2009.And that’s because the nation’s largest non-bank mortgage servicer has supplied its legions of outsourced customer reps in India with a software program. principal reduction to make non-performing.

Why You Should Settle Your Defaulted Second Mortgage or HELOC Now – The attitude is, "Pay. option is to reinstate the loan. If you are still in a financial hardship situation, it may be possible to negotiate modified terms that you can manage. Please do not assume.

Gallup: Americans not as optimistic about homeownership The greatest heist in our country’s history It’s being described as the greatest bank heist in our country’s history. In total, there were 53 businesspeople, high-ranking politicians and companies that received close to R2bn in gratuitous payments from the bank.People haven’t been this optimistic about house prices since just before the crash – A majority of U.S. adults (64%) continue to believe home prices in their local area will increase over the next year, a survey by polling firm Gallup concluded. House prices are soaring and, despite.

FICO Can Read Underwater Homeowners' Minds – The Atlantic – FICO Can Read underwater homeowners’ minds.. The credit analytics firm has developed a new methodology to catch potential strategic defaulters — home owners who have the capacity to continue.

This 10.0% Yielding Tech-Focused BDC Will Likely Increase Its Dividend – So I want to allay all concerns none of these acquisitions or strategic initiatives involve any element. decreased to 3.1% from 5.3% of a cost basis in the second quarter primarily related to pay.

An idea for how to deal with second liens – – An idea for how to deal with second liens. By Felix Salmon.. the banks are quite happy when homeowners default on their mortgage – that frees up cashflow to continue paying the second-lien loan.

Don’t get rid of the debt ceiling. Reform it. – But in recent years, the debt-ceiling-as-leverage strategy has been taken too far with absurd. Given our past flirtations with the nuclear option of default, it needs to come with an escape valve..

Sector Pullback Drives 10.3% Yield For This Defensively Positioned BDC – As mentioned in the article, the recent declines in BDC stock prices has not been driven by fundamentals especially as high-yield default rates continue to decline as. debt investments of first and.