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• 301 SHEFFIELD M NO. 3010, WEST PALM BEACH, FL — 1bed/1bath — $29,999• 1311 CHATEAU PARK DR, FORT LAUDERDALE, FL — 2bed/1bath — $189,000
• 462 GOLDEN ISLES DR NO. 308, HALLANDALE, FL — 1bed/1bath — $120,000
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Fitch’s latest 12-month forecast for rate recasts on prime and alternative-A credit residential mortgage-backed securities indicates that more than $47 billion of collateral could be affected by rate shock. Source:Fitch: $47B in Prime/Alt-A RMBS Subject to Rate Resets Titanium Holdings Inc., a Fort Mill, S.C., firm that contacts troubled homeowners on behalf of mortgage servicers to discuss loan workouts, has started a unit for when such efforts fail. Source:Titanium Launches REO Unit More prime jumbo borrowers are falling behind on their payments and not catching up — with states such as California and Florida driving the trend, according to a new research note from Fitch Ratings. Source:Fitch: U.S. Prime Jumbo RMBS Delinquencies Nearly Triple to 9% The HUD Inspector General has subpoenaed 15 Federal Housing Administration direct-endorsement lenders as part of an investigation into why these firms have the highest default and claim rates in the nation. Source:HUD Subpoenas 15 FHA Lenders for Having High Foreclosures Elmira Savings Bank FSB of New York says the record income it posted last year was aided, in large part, by its mortgage origination business. Source:New York Thrift Had Profit Boost Thanks to Residential |