The commercial mortgage-backed securities delinquency rate continues to shrink, but the cumulative loan default rate increased slightly in first-half 2021, according to two new reports from S&P Global Ratings and Fitch Ratings.
Category: News and Trends
Dealmaker: Newmark Closes $111M in Single-Tenant Retail Deals
Newmark, New York, sold three Los Angeles-area single-tenant retail properties for $110.5 million.
August Pending Home Sales Bounce Back
Pending home sales rebounded in August, recording significant gains after two prior months of declines, the National Association of Realtors reported Wednesday.
Jeff Williams of FICS: Support Strategic Planning with Audit of Mortgage Software, API Capabilities
Leaders need to include software audits in their strategic planning process. A good software audit sets the stage for effective budgeting and decision making this fall. Leaders should analyze the company’s current Application Programming Interface integrations to existing mortgage software.
First American: House Prices in All 50 Top Markets More Affordable Than Boom Peaks
First American Financial Corp., Santa Ana, Calif., said while house prices have increased, house-buying power has also increased because of a long-run decline in mortgage rates and the slow, but steady growth of household income.
Industry Briefs Sept. 30, 2021: SimpleNexus Integrates with DocMagic
SimpleNexus, Lehi, Utah, integrated its Nexus Closing eMortgage platform with DocMagic’s eVault and eNote technologies. The integration enables automated generation of an eNote with a tamper-evident seal and delivers the eNote to a secure eVault for delivery to the MERS® eRegistry.
MBA Annual21: Concert MBA Presents OneRepublic to Benefit MBA Opens Doors Foundation
OneRepublic will take the stage for Concert MBA at the Mortgage Bankers Association’s Annual Convention & Expo to benefit the MBA Opens Doors Foundation.
MBA Weekly Applications Survey Sept. 29, 2021: Higher Treasury Yields Push Rates Up; Applications Down
Mortgage applications fell last week as mortgage rates reached their highest level since July, the Mortgage Bankers Association reported Tuesday in its Weekly Mortgage Applications Survey for the week ending September 24.
Sue Woodard of AXIS Lending Academy: Program’s DEI Mission ‘Captured My Heart’
Sue Woodard is a director of AXIS Lending Academy. She is also the chief customer officer at Total Expert, a CRM and customer engagement platform built specifically for the financial services industry.
Quote
“Servicers may need functionality that improves communication with borrowers coming out of forbearance. Originators may need tools to help them find more purchase money business and close loans more efficiently. Identifying these needs is critical.”
–Jeff Williams, API Team Leader with FICS, Addison, Texas.