Commercial/multifamily mortgage debt outstanding rose by $57.0 billion (1.5 percent) in the third quarter, the Mortgage Bankers Association reported this morning.
Category: Top National News

New Home Applications Drop in November
HousingWire, Dec. 15, 2020–Tim GlazeNew home purchases in November 2020 increased 34.7% from a year ago, but new home applications decreased from October, according to the Mortgage Bankers Association builder …

Fannie, Freddie Privatization Decisions Likely to Be Left to Biden Administration
Wall Street Journal, Dec. 15, 2020–Andrew Ackerman (subscription)Joe Biden’s election victory has likely ended the Trump administration’s efforts to return Fannie Mae and Freddie Mac to private hands. Treasury Secretary …

More U.S. Homeowners Seek to Delay Mortgage Payments
Bloomberg, Dec. 14, 2020–Christopher MaloneyA growing percentage of U.S. homeowners are looking to delay making mortgage payments, the latest sign that the economic recovery is hitting a snag. In the …

Bank Regulators Mull Stricter Rules for Reporting of Data Breaches
American Banker, Dec. 14, 2020–Kevin Wack (subscription)It has been 15 years since the federal banking agencies issued guidance on an institution’s obligation to inform its regulator about a cyberattack. A …

Housing 2020 Recap: Demographics Popped the Housing Bubble Boys
HousingWire, Dec. 14, 2020–Logan MohtashamiIn a very unfortunate year, we got really lucky on some fronts.https://www.housingwire.com/articles/housing-2020-recap-demographics-popped-the-housing-bubble-boys/

Title Insurance Premiums Jump in 3Q as Purchase/Refi Share Gap Narrows
National Mortgage News, Dec. 14, 2020–Brad Finkelstein (subscriptionn)The industry is now likely to top 2019’s nearly $16 billion in premiums written.https://www.nationalmortgagenews.com/news/title-insurance-premiums-jump-in-3q-as-purchase-refi-share-gap-narrows

Commercial Mortgage Delinquencies are Rising
GlobeSt.com, Dec. 14, 2020–Les ShaverIn November, 5.7% of commercial mortgages were delinquent, increasing from 5.4% in October, according to the Mortgage Bankers Association. The delinquencies can be traced back to …

United Wholesale Mortgage Sued by Mortgage Brokers in Class Action Case
Crain’s Detroit Business, Dec. 14, 2020–Nick ManesA class action lawsuit brought by mortgage lenders in California alleges that United Shore Financial Services LLC wrongfully changed the commission structure on mortgages …

New Study Aims to Crack Cap Rate Code
Commercial Property Executive, Dec. 14, 2020–Paul FiorillaForecasting the direction of property yields has long been the Holy Grail of commercial real estate research—although many have tried, finding a solution has …