“With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit.”
–Sam Khater, Chief Economist at Freddie Mac.
Category: News and Trends
MBA: Multifamily Lending Hits $360 Billion in 2020
Last year 2,140 different multifamily lenders provided a total of $359.7 billion in new mortgages for apartment buildings with five or more units, the Mortgage Bankers Association reported.
Commercial and Multifamily Mortgage Delinquencies Declined in July
Delinquency rates for mortgages backed by commercial and multifamily properties declined in July, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
MBA Weekly Applications Survey Aug. 4, 2021: Applications Decrease
Mortgage applications decreased 1.7% from the week before, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending July 30, 2021.
Homeowner Equity ‘Surges’ During Second Quarter
ATTOM, Irvine, Calif., found 34.4 percent of mortgaged residential properties in the United States were considered “equity-rich” in the second quarter, up from 27.5 percent a year before.
Industry Briefs Aug. 6, 2021
CoreLogic, Irvine, Calif., said its analysis of homebuyer migration trends in 2020 found coastal metro areas in Florida such as Lakeland and Tampa ranking highest, as many moved away from large coastal areas such as New York, Los Angeles and San Francisco.
MISMO Seeks Participants for Next Generation 4.0 Reference Model Workgroup
MISMO®, the real estate finance industry’s standards organization, seeks participants for a new development workgroup for the Next Generation 4.0 Reference Model.
ATTOM: Home Profits Take Unusual 2Q Dip
ATTOM, Irvine, Calif., said profit margins for home sellers took an unusual dip in the second quarter but still were far above where were they were a year earlier.
Share of Mortgage Loans in Forbearance Slightly Decreases
Loans in forbearance fell for the twenty-second consecutive week, the Mortgage Bankers Association said Monday.
MBA RIHA: Fewer Households Missed Housing Payments in Second Quarter
Slightly under five million households did not make their rent or mortgage payments in the second quarter, updated research from the Mortgage Bankers Association’s Research Institute for Housing America reported.