Fannie Mae and Freddie Mac (the GSEs) will ring in the New Year by starting to accept the redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting system (AUS) loan application submission files based on MISMO v3.4.
Category: News and Trends
MBA: Commercial/Multifamily Mortgage Delinquency Rates Continue to Vary by Property Types, Capital Sources
Commercial and multifamily mortgage performance remains mixed, revealing the various impacts the COVID-19 pandemic has had on different types of commercial real estate, according to two reports released today by the Mortgage Bankers Association.
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“While the housing market has been one of the few economic bright spots during the pandemic, HUD will play a central role in addressing a number of important challenges in the post-pandemic recovery, including how to resolve the mortgage forbearance afforded to more than 800,000 borrowers who have loans insured by FHA. Also, the new administration will tackle the ongoing housing affordability crisis affecting both homeowners and renters. MBA and its members look forward to working with the administration and Rep. Fudge as she builds her team of housing experts who will manage these and other important issues at HUD, FHA and Ginnie Mae.”
–MBA President & CEO Robert Broeksmit, CMB, on Rep. Marcia Fudge’s nomination as HUD Secretary.
Sponsored Content from ServiceLink: Loss Mitigation–How Partnering with the Right Solutions Provider Can Help
As the CARES Act has been welcome relief to borrowers, many servicers are finding their own relief in strategic partnerships.
‘Not Ok? That’s Ok:’ Financial Services, Consumer Coalition Launches Borrower Awareness Campaign
The Mortgage Bankers Association and a broad coalition of financial services stakeholders – including mortgage servicers, trade associations, housing counseling agencies, governmental agencies and think tanks – recently launched a consumer awareness campaign to reach borrowers who have missed one or more mortgage payments as a result of the COVID-19 pandemic and may be eligible for forbearance assistance under the CARES Act or other forms of mortgage payment relief.
CREF Market Outlook: Commercial Real Estate’s Four-Bucket Theory
The pandemic has affected different commercial property types in very different ways, and they will likely perform differently when the economy bounces back, said MBA Vice President of Commercial Real Estate Research Jamie Woodwell.
Home Equity Reaches Record High: Homeowners Gained $1 Trillion in 3Q Equity
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages saw their equity increase by 10.8% year over year in the third quarter—a collective equity gain of $1 trillion and an average gain of $17,000 per homeowner.
ATTOM: Fewer Foreclosure Filings as Moratoria Extend into 2021
ATTOM Data Solutions, Irvine, Calif., said foreclosure filings continued to fall last month amid the budding holiday season and federal and state foreclosure moratoria.
Dealmaker: NorthMarq Arranges $104M in Multifamily Refis
NorthMarq’s Chicago office arranged $103.5 million to refinance six multifamily assets in Iowa, Missouri and Indiana.
MBA: Commercial/Multifamily Mortgage Delinquency Rates Continue to Vary by Property Types, Capital Sources
Commercial and multifamily mortgage performance remains mixed, revealing the various impacts the COVID-19 pandemic has had on different types of commercial real estate, according to two reports released today by the Mortgage Bankers Association.