Citadel Servicing has increased its portfolio of nonprime mortgages in the past year and has taken steps to improve operations, according to Fitch Ratings. Citadel serviced mortgages with an unpaid principal balance of $1.1 billion as of the end of November, up from a $673.1 million portfolio as of the end of 2016. Some 1.8 percent of Citadel’s portfolio was 30 or more days delinquent as of November, according to Fitch. A significant portion of the portfolio was originated after ...
According to an analysis by Zillow, 11.2 percent of the 25.1 million homes that are currently worth enough to require a jumbo mortgage will fall under the conforming loan limit in 2018 due to higher loan limits established by the Federal Housing Finance Agency. The analysis was based on county-specific home prices and the assumption that jumbos allow a loan-to-value ratio no higher than ... [Includes two briefs]
The amount of home-equity debt outstanding continued its years-long slide during the third quar-ter, and many top lenders reported slowing production of new loans, according to a new ranking and analysis by Inside Mortgage Finance.
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