AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Subprime Servicing Market Now Tops $1 Trillion.
Washington -- By the time June ends, the nation's consumers will owe lenders more than $1 trillion on their subprime mortgages, according to figures compiled by this newspaper.
At the end of March, subprime receivables (servicing rights) accounted for 12.16% of all residential loans being serviced in the U.S., compared to 8.03% at the end of 2002. (The 12.16% figure is an all-time high.)
In the first quarter, mortgage bankers funded a near record $169 billion in subprime loans and at the end of March serviced $951 billion in these nonconforming credits.
Based on first-quarter production, chances are the industry has already cracked the $1 trillion mark.
Subprime and nonprime loans - including the production of interest-only and payment-option loans - continue to be the most profitable niches in mortgage banking but in recent months competition has reduced margins on these products. Also hurting the sector is the narrowing spread between short- and long-term rates.
However, delinquency rates on subprime loans continue to be ...
- 90+ Day Delinquency Rates of Selected Residential...
- Magazine article from: National Mortgage News Bennett, Jeff July 26, 1999 700+ words
90+ Day Delinquency Rates of Selected Residential Services Organization Name Location 3/31/99 Based on the Number of Loans Serviced Union Bank of Californa San Diego, CA 0.03% Downey Savings & Loan Assn Newport Beach, CA...
- Delinquency Rates Based-Total Past Dues At 6/30/02.
- Magazine article from: National Mortgage News August 26, 2002 700+ words
...Bank Middleboro, MA 5 CUNA Mortgage Corp. Madison, WI 6 Astoria FS & LA Lake Success, NY 7 Union Bank of California San Diego, CA 8 USAA Federal Savings Bank San Antonio, TX 9 Metropolitan Bank & Trust Highland Hills, OH 10 State Employees...
- Delinquency Rates - Total Past Dues at 12/31/01.
- Magazine article from: National Mortgage News March 11, 2002 700+ words
...Francisco, CA 3 Washington Federal Savings Seattle, WA 4 Plymouth Mortgage Co. Middleboro, MA 5 Union Bank of California San Diego, CA 6 Associated Mortgage Co Inc Depere, WI 7 Astoria FS & LA Lake Success, NY 8 Metropolitan Bank & Trust Highland...
- Delinquency Rates.
- Magazine article from: National Mortgage News August 25, 2003 700+ words
...Mortgage Englewood, CO 3 Plymouth Savings Bank Middleboro, MA 4 Capitol FS & LA Topeka, KS 5 Union Bank of California San Diego, CA 6 Astoria FS & LA Lake Success, NY 7 AmSouth Mortgage Birmingham, AL 8 Midwest Loan Services Houghton, MI 9 USAA...
- Delinquency Rates - Based on Total Past Dues at June 30, 2003.
- Magazine article from: Mortgage Servicing News November 1, 2003 700+ words
...Plymouth Savings Bank, Middleboro, MA 21,254 4 Capitol FS & LA, Topeka, KS 51,489 5 Union Bank of California, San Diego, CA 27,122 6 Astoria FS & LA, Lake Success, NY 62,570 7 AmSouth Mortgage, Birmingham, AL 353,360 8 Midwest...
- Subprime Delinquency Rates.
- Magazine article from: American Banker January 28, 2003 700+ words
...Mortgage, Inc. Westwood, Kan. 23,735 22 Mortgage Lenders Network USA Middletown, Conn. 44,340 23 Accredited Home Lenders San Diego 14,863 24 Wendover Financial Services Corp. Greensboro, N.C. 80,702 25 Encore Credit Corp. Irvine, Calif. 1,318...
- Subprime Delinquency Rates at June 30, 2003.
- Magazine article from: Mortgage Servicing News November 1, 2003 700+ words
...Network, USA, Middletown, CT 53,938 21 NovaStar Mortgage, Inc., Westwood, KS 39,452 22 Accredited Home Lenders, San Diego, CA 22,126 23 Greystone Financial, El Segundo, CA na 24 Encore Credit Corporation, Irvine, CA 559 Totals: 2,637...
- Prime Delinquency Rates at 9-30-02.
- Magazine article from: National Mortgage News January 20, 2003 700+ words
...Fed Savings Seattle, WA 4 Capitol FS & LA Topeka, KS 5 Plymouth Savings Bank Middleboro, MA 6 Union Bank of Californ San Diego, CA 7 Downey Savings & Loan Newport Beach, CA 8 CUNA Mortgage Corp. Madison, WI 9 Associated Mortgage Depere, WI...