Tag Archives: Default

Foreclosures, loan modifications, and forfeitures have been on a decline for a couple years, according to a report form the Office of the Comptroller of the Currency. The amount of completed foreclosures dropped from 2 years ago by almost 19,000, while deed-in-lieu-of-foreclosure actions have dropped from 1.2 thousand to 0.8 thousand, Home forfeiture actions in total decreased by 32.3 percent year-over-year.

The Making Home Affordable program ended on December 31 and the Treasury recently released Q4 2016 results, detailing the improvements made since 2009 and the assessing the quality of certain servicers.

The American Enterprise Institute (AEI) put out a “flash release” of its National Mortgage Risk Index (NMRI), a measure of the likelihood of purchase loan defaults under stressful economic conditions. According to the group, the index climbed last month to 11.89, indicating nearly 12 percent of loans would be at risk of default in the event of another downturn. That figure is up from a reading of 11.5 percent in March and represents a series high for the index.