Friday, May 15, 2020 / by Dave Magua
Close to 9% of all active mortgage loans are in forbearance as of this week, according to the latest data from Black Knight’s McDash Flash. That amounts to a total of 4.7 million homeowners now in forbearance, which is up from 4.5 million loans reported one week ago.
The latest numbers have been enhanced to include loans that were in forbearance but not previously reported as “COVID-19-related.”
About 7% of mortgage loans backed by Fannie Mae and Freddie Mac are now in forbearance, while 12.4% of FHA and VA-backed loans are in forbearance. Just over 9% of portfolio and privately securitized loans are also in forbearance.
In terms of loan numbers, that’s 27.9 million GSE loans, 12.1 million FHA and VA loans, and 13 million other mortgage loans.
In total dollar amount across all loan types, the total unpaid principal balance on loans in forbearance is $1 trillion.
Meanwhile, servicers must continue to advance principal and interest payments along with ta. ...
Monday, January 27, 2020 / by Dave Magua
A co-owner of the Minnesota Vikings sold his waterfront Palm Beach townhome for $7.7 million.
Mark Wilf and his wife Jane sold the 3,897-square-foot townhouse in the Villa Plati development for $1,975 per square foot, records show. David and Joan Henle purchased the townhome at 310 Atlantic Avenue.
The townhouse has three bedrooms and four-and-a-half bathrooms. The Wilfs bought the property in 2016 for $6.97 million, according to records. The townhome was built in 1992.
The unit features a library and den with elevated ceilings, elevator, private pool and waterfront views, according to a listing on Realtor.com
It was initially listed for $8.8 million in January by Lawrence Moens of Lawrence A. Moens Associates, according to Realtor.com.
The 15-unit Villa Plati development overlooks the Intracoastal Waterway. It has a waterfront swimming pool and tennis court.
Wilf and his brother Zygi own and oversee the operation ...