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Mortgage default risk for single-family rental properties decreased 16% in the first half of 2021 when compared to the previous six months, according to RealtyTrac. Almost 90% of single-family rental homes are owned by "mom-and-pop" investors who own fewer than 10 properties; many of those are secured by a mortgage, RealtyTrac found. [Extracted from the article]

Source: 86 400 1 CoreLogic Home Value Index, released August 2, 2021 2 Upfront LMI premium cost (excluding stamp duty fees) for an owner-occupied home loan, up to 30 years, estimated using Genworth's LMI premium calculator. LMI has allowed banks to lend money to a wider customer base, but it does come at a cost to the prospective borrower. MY MONEY Depending on how you look at it, lenders mortgage insurance (LMI) is a necessary evil or a necessary good. [Extracted from the article]

The article examines the decline in the number of homeowners in Great Britain who are behind with their mortgage payments in 2014, according to the Council of Mortgage Lenders (CML). It cites the number of households in arrears equivalent to 2.5% or more of their total mortgage value. Measures for dealing with arrears cases are also presented.

(Bloomberg) -- Switzerland's housing market is in mounting danger of a correction as prices continue to rise and affordability becomes stretched, according to Fritz Zurbruegg, vice president of the country's central bank. "Markets today are more vulnerable to corrections in the form of declining prices and increasing numbers of mortgage loan defaults", Zurbruegg said in a speech in Luzern on Tuesday. [Extracted from the article]

But 45% of the top 100 counties still have an above-average likelihood that borrowers won't make their payments on these business-purpose loans, RealtyTrac said. [ABSTRACT FROM AUTHOR]

Keywords: 1713095D; 2152Z; AGR; BASIC; BUSINESS; CMD; COS; INDUSTRIES; NORTHAM; US; WORLD EN 1713095D 2152Z AGR BASIC BUSINESS CMD COS INDUSTRIES NORTHAM US WORLD A defaulted California company trying to produce a unique kind of sustainable fiberboard won approval from the state to issue as much as $18 million of new debt. "This allocation is the final piece of the puzzle for this plant", said Nancee Robles, interim executive director of the debt committee, before the board approved the request. QXOOFKT1UM0X (Bloomberg) -- A defaulted California company trying to produce a unique kind of sustainable fiberboard won approval from the state to issue as much as $18 million of new debt. [Extracted from the article]

"The drop in the default rate this quarter from lastquarter is consistent in what we're seeing in ourday-to-day", Peter Antoszyk, co-head of Proskauer'sprivate credit restructuring group, said in an interview." (Bloomberg) -- Defaults in the U.S. private credit marketslid in the first quarter as the nation's abatingpandemic triggered a surge in economic growth, andinvestors hunting for yield grew more willing to financestruggling companies. [Extracted from the article]

Ashmore Group, one of the biggest owners of Ecuador's debt, is holding on to its bonds, encouraged by Lasso's pledges to shore up the economy. Lasso's victory set off a rally that drove Ecuador bonds due in 2030 up 35 cents on the dollar to 87 cents. Ecuador Defaulted Last Year. [Extracted from the article]

That makes even more remarkable the windfalls seen in Ecuador, a junk-rated South American nation that was mired in recession even before the pandemic and was forced to restructure $17.4 billion of debt last year -- a step rating companies considered a default. Ecuador Defaulted Last Year. The returns on the nation's bonds have topped 28% this year, more than any other country, according to a Bloomberg Barclays index. [Extracted from the article]

Huaibei Mining Holdings Co Ltd. filed a lawsuit against Evergrande in Anhui province, alleging a unit of the company missed payments, according to a filing to the Shanghai stock exchange. (Bloomberg) -- Two more companies said China Evergrande Group failed to pay its bills on time, adding to signs of a cash crunch at the world's most indebted developer. [Extracted from the article]

Experts expect only a small uptick in distressed mortgages, either through default or inability to refinance, which will create some opportunity for debt buyers [ABSTRACT FROM AUTHOR]

(Bloomberg) -- New Zealand Finance Minister Grant Robertson has given the central bank access to another tool to rein in the country's rampant housing market. Robertson has agreed to add debt serviceability restrictions to the list of potential macro-prudential tools available to the Reserve Bank, Governor Adrian Orr said in a statement Wednesday in Wellington. [Extracted from the article]

Meanwhile, National MI has been increasing its new insurance written by slightly widening its credit standards. [ABSTRACT FROM AUTHOR]

The persistently slow reduction in the number of borrowers at risk of default indicates that while loan performance overall is improving, a substantial pool of mortgages will need workouts when forbearance ends. [ABSTRACT FROM AUTHOR]

One official at the bureau said this fall could be an "unusual point in history" for the mortgage market as delinquent borrowers exit forbearance plans. The agency proposed new steps for servicers to help consumers stay in their homes. [ABSTRACT FROM AUTHOR]

The percentage of seriously delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter. [ABSTRACT FROM AUTHOR]

Mortgage delinquencies dropped to the lowest level since March but, particularly at the seriously delinquent level, they're still much higher than pre-coronavirus rates, according to Black Knight. [ABSTRACT FROM AUTHOR]

A Freddie Mac study of loans in forbearance from 2017 and 2020 found that, over both periods, borrowers had low credit scores and high debt-to-income ratios. [ABSTRACT FROM AUTHOR]

Overall debt outstanding for delinquent commercial and multifamily mortgages cut down in September as more of the economy opens further with lodging and retail far behind, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

The enhanced jobless benefits in the coronavirus relief law enacted in March helped limit delinquencies and maintain consumer spending, analysts say. In their follow-up stimulus plan, Senate Republicans want to cut those benefits from $600 to $200 a week. [ABSTRACT FROM AUTHOR]

The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due. [ABSTRACT FROM AUTHOR]

The mortgage insurer is receiving $528 million of coverage in the event of defaults in a $44 billion loan pool. [ABSTRACT FROM AUTHOR]

The collateral in the $338 million also includes a large subset of mortgages (45% of the pool) that are considered "dirty current" loans with recent delinquent status. [ABSTRACT FROM AUTHOR]

The impending wave of loan delinquencies because of the coronavirus hurt private mortgage insurer earnings, but the companies will still have sufficient capital, a Keefe, Bruyette &Woods report said. [ABSTRACT FROM AUTHOR]

Though advocates and industry are rarely aligned, they are starting to coalesce around a plan that would call for the elimination of the CFPB's 43% debt-to-income limit as part of its qualified mortgage rule. [ABSTRACT FROM AUTHOR]

Increased consumer debt and the threat of an economic downturn increase the default risk for government-sponsored enterprise mortgages during the first quarter, according to Milliman. [ABSTRACT FROM AUTHOR]

About 3% of borrowers in their 20s and 30s became seriously delinquent on their credit card payments last quarter, significantly faster than older consumers. The picture was similar in auto lending, according to research by the Federal Reserve Bank of New York. [ABSTRACT FROM AUTHOR]

Despite president's defiance, market still prices in default amid limited financing sources [ABSTRACT FROM AUTHOR]

While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and issuers alike, according to recent reports. "The FHA reverse mortgage program has not lived up to its full potential", said Sarah Bolling Mancini, a NCLC staff attorney and primary author of its report. [Extracted from the article]

To calculate your mortgage payments, enter these detailsinto the mortgage payment calculator. More on mortgage calculators: * Every mortgage calculator you will ever need * Mortgage affordability calculator * Land transfer tax calculator * CMHC mortgage insurance calculator * Mortgage refinance calculator * Mortgage renewal calculator What does the * mean? MORTGAGES Use a mortgage payment calculator to understand what amortgage will cost you in real terms For the majority of Canadians, buying a home will be thesingle biggest purchase they ever make, and getting amortgage is an essential part of this process. [Extracted from the article]

The article discusses how mortgage lenders should deal with customers during the mortgage arrears process to ensure compliance with the British Financial Conduct Authority's (FCA) customer-centric mission. Topics covered include ways of treating customers fairly during the process, the need to train telephone negotiators to deal with numerous scenarios to ensure customer engagement, and the importance of fact finding interviews with customers conducted in their own homes.

Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that's just a fraction of the over $30 billion owed. [ABSTRACT FROM AUTHOR]

(Bloomberg) -- Investors are pouring a record amount of money into young companies trying to transform U.S. health care at an accelerating pace. Investors steered a record $6.7 billion to U.S. digital health startups in the first three months of 2021, according to venture firm and researcher Rock Health. [Extracted from the article]

The lenders have a loan market share of about 70% in Aomori prefecture and theirdeal would be the first after the government enacted a law making regional banksexempt from anti-monopoly rules, according to the Nikkei newspaper. Japan's regional banks are starting to plan mergers and other strategic optionsto survive shrinking local economies after the government introduced incentivesto an industry long seen overdue for consolidation. [Extracted from the article]

The banks and Shell want an ICC arbitration tribunal to declare that Aiteo is in breach of its financing contracts through defaulting and the demanded sum should be paid to them. Royal Dutch Shell Plc and seven banks accused one of Nigeria's largest oil producers of defaulting on loan repayments that stand at more than $900 million and are locked in a court battle to reclaim the money, legal documents show. [Extracted from the article]

(Bloomberg) -- Credit Suisse Group AG said it's expecting defaults in a $10 billion group of supply-chain funds that were run together with Greensill Capital, and investors have already begun threatening litigation. Read More: Credit Suisse Replaces Varvel, Suspends Bonuses After Greensill Investors have also threatened litigation and the bank may become embroiled in legal disputes as a result, Credit Suisse said. [Extracted from the article]

Owners of single-family rental properties are more at risk of defaulting on a mortgage in Manhattan than almost anywhere else in the country, according to a new study from RealtyTrac. New York County's risk score was about 70.6 out of 100 based on the criteria, putting it behind only Mohave County in Arizona, which had a risk score of 77.2, RealtyTrac reported. Rent relief The RealtyTrac study reaffirms that New York landlords are in dire need of rent relief, according to the Community Housing Improvement Program, a landlord advocacy group. [Extracted from the article]

The percentage of seriously delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter. [ABSTRACT FROM AUTHOR]

Only 2.8% of U.S. homeowners with mortgages were delinquent in August, the lowest level since near the start of the pandemic. "The share of U.S. borrowers who are six months or more late on their mortgage payments fell to a two-year low in August," said Molly Boesel, principal economist for CoreLogic. [ABSTRACT FROM AUTHOR]

Berkshire deal gives TransRe "the biggest boat" at key time: CEO Brandt The firm's ethos will remain the same, but the biggerbalance sheet may help it win clients and absorbvolatility. Questioned on the potential impact of a major catastrophein the year's second half, Brandt said that another poorseason could cause more companies to withdraw capitalfrom the catastrophe market. [Extracted from the article]

The cost of mortgage default insurance is tied to theamount of money you are borrowing for your mortgage. Mortgage default insurance protects the lender if you,as the borrower, stop making your mortgage payments orbreak the terms of your mortgage contract. Other mortgage calculators: * Every mortgage calculator you will ever need * Mortgage affordability calculator * Mortgage payment calculator * Land transfer tax calculator * Mortgage refinance calculator * Mortgage renewal calculator What does the * mean?. [Extracted from the article]

The article reports on the declining delinquencies in the commercial property market in the U.S. in 2015. A 50 to 100 basis point decline in the commercial mortgage-backed securities delinquency rate was forecasted by Standard & Poor's Ratings Services as well as the positive correlation beteen delinquency by property type and the unemployment rate. Several charts are also presented depicting the retail market conditions, change commercial real estate under construction, and renter households.

The article presents a medical research study which focuses on the connection between mortgage delinquencies and home foreclosures with public health crisis in the U.S. Study shows the increasing rate of depression in several older Americans due to foreclosures and mortgage indebtedness. Epidemiology professor Dawn E. Alley states that Americans who are more than 50 years old are greatly affected with these dilemma causing them to suffer chronic diseases such as hypertension and diabetes.

Freddie Mac, the company created by the U. S. government in 1970 to fund mortgages and increase home ownership, will start using fintech company Zest AI to help assess the risk of people defaulting on their mortgages. [ABSTRACT FROM AUTHOR]

How we resolve millions of delinquent mortgages due to COVID is the only question that matters. [ABSTRACT FROM AUTHOR]