National Mortgage Professional, Mar. 2, 2017–Phil HallThe delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities reached 5.31 percent in February, up 13 basis points from January, Trepp reported.
Category: Top National News
U.S. Jobless Claims Lowest Since March 1973
Wall Street Journal, Mar. 2, 2017–Jeffrey Sparshott (subscription)The number of Americans applying for unemployment benefits fell to the lowest level in 44 years last week, more evidence of a healthy labor market.
Refinances Push Up Quarterly Mortgage Originations
Mortgage Daily, Mar. 2, 2017Residential loan originations during the final-three months of last year amounted to 1.7 million loans for $461 billion, said ATTOM Data Solutions.
Mortgage Rates Tumble But Could Surge
Mortgage Daily, Mar. 2, 2017–Sam GarciaDuring January, conforming fixed rates on purchase-money loans averaged 4.37 percent, the Federal Housing Finance Agency reported.
CFPB Director Richard Cordray Speaks Out About His Controversial Role
HousingWire, Mar. 2, 2017–Brena Swanson”The independence of a consumer watchdog is very much worth fighting for,” Cordray told CNBC.
Offices Drive CMBS Delinquency to 18-Month High
Mortgage Daily, Mar. 2, 2017Deterioration in office loan performance droved delinquency on securitized commercial real estate loans to an 18-month high.
Mountain of Mortgage Paperwork Bogs Down Borrowers
Washington Post Writers Group, Mar. 1, 2017–Kenneth R. HarneyDavid Stevens, president and CEO of the Mortgage Bankers Association, said the biggest problem with the system today is that some of the regulations for lenders amount to an overcorrection and are far too inflexible, especially for highly qualified applicants with large down payments and stellar credit scores.
U.S. Housing Market Recap: Sales Rise in January as Economic Recovery Deepens
GoRion, Feb. 28, 2017–Sam BourgiThe housing market was off to a fast start in 2017, as the economy strengthened and sales of both existing and new homes rose.
Mortgage Applications Surge 5.8 Percent as Rates Briefly Dip
CNBC, Mar. 1, 2017–Diana OlickStill, volume came in 28 percent lower than the same week a year ago. The Mortgage Bankers Association’s seasonally adjusted report includes an adjustment for the Presidents Day holiday.
CFPB Mortgage Complaints Hold Steady
DSNews, Mar. 1, 2017–Aly J. YaleThe volume of mortgage-related complaints received by the Consumer Financial Protection Bureau is holding steady, according to the agency’s Monthly Complaint Report.