MBA Statement on FSOC’s Report on Mortgage Servicing
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Financial Stability Oversight Council’s (FSOC) report released Friday on nonbank mortgage servicing:
Homeowner Equity Dips in Q1, ATTOM Finds
ATTOM, Irvine, Calif., released its first-quarter 2024 U.S. Home Equity and Underwater report, revealing 45.8% of mortgaged residential properties in the U.S. are equity-rich.
MBA Chart of the Week: Monthly Payroll Growth, Average Hourly Earnings
The Federal Open Market Committee (FOMC) left the federal funds target unchanged at its May meeting, as incoming data regarding the strength of the economy and stubbornly high inflation have resulted in a shift in the expected timing of a first rate cut.
Discover Home Loans: Homeowners Leaning Toward Renovation Amid Current Rates
Discover Home Loans, Riverwood, Ill., in a recent survey found 84% of American homeowners who were planning to buy a new home said their decisions have been affected by high interest rates.
Trepp: CMBS Special Servicing Rate Jumps in April
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate “leaped” in April, rising 80 basis points to reach 8.11%.
