Home prices aiding defaults, but equity loans a concern
Rising home prices are leading to lower rates of mortgage defaults, but an increasing number of borrowers taking out home equity loans could offset strengthening housing fundamentals, said market participants this week.
Speaking on a panel on day three of SFIG Vegas, Diane Moorman, vice president of master servicing at Nationstar Mortgage, said the company had been observing positive trends among borrowers on the back of strong home price appreciation.She added that Nationstar had seen fewer strategic defaults, which ...
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