The Mortgage Bankers Association (MBA) National Delinquency Survey released results on mortgage delinquencies and foreclosures for the second quarter of 2007 yesterday. At the end of the quarter 5.12 percent of all mortgage loans for one-to-four-units residential properties were delinquent. This is 73...
Several key players have rung in on the decision by the Office of Federal Housing Enterprise Oversight (OFHEO) to retain limits on the mortgage portfolios owned by Freddie Mac and Fannie Mae. The two government sponsored enterprises (GSEs) had petitioned OFHEO, its regulator, last week asking to be allowed...