Mortgage Daily

Second-quarter performance on commercial real estate loans was up 139 basis points from the first quarter, the Mortgage Bankers Association reported.

Among all investor types, performance on CMBS loans was worst.

Compared to a year earlier, CMBS delinquency was up more than 400 BPS.

Home-loan delinquency of at least 90 days, including foreclosures, fell 12 basis points in July, Lender Processing Services Inc. reported.

Excluding foreclosures in process, the delinquency rate was 22 BPS better.

But the foreclosure inventory rose 0.12 percent.

Risk on retail and commercial loans increased for the third consecutive year, according to the 16th annual Survey of Credit Underwriting Practices released Thursday from the Office of the Comptroller of the Currency.

The increase came despite tightened underwriting standards.

But competition is driving some easing of standards, and credit market liquidity has shown a slight improvement.

The U.S. Department of Housing and Urban Development has released the new mortgage insurance premium structure for loans insured by the Federal Housing Administration.

On traditional mortgages, the up-front premium has lowered, HUD said.

But the annual premium was increased.

A final rule from the Federal Housing Finance Agency outlines 2010-2011 housing goals for Fannie Mae and Freddie Mac.

On purchase transactions, the minimum goal for low-income loans is 27 percent.

In addition, 8 percent of Fannie's and Freddie's acquisitions must be for "very low-income family" homes.