S&P Dow Jones Indices, New York said its S&P CoreLogic Case-Shiller Indices showed home prices continue to increase at a modest rate across the U.S.
Category: News and Trends
Fitch: Mortgage Delinquencies Won’t Affect Property Tax Payments
Fitch Ratings, New York, does not expect fiscal 2021 property tax collections to be meaningfully affected by mortgage forbearance programs or delinquencies, but potential for timing delays is “elevated.”
CRE Asset Prices Creep Higher
Real Capital Analytics, New York, reported U.S. commercial property prices posted a 1.6 percent year-over-year gain in August.
Dealmaker: Arbor Funds $178M in Southeastern U.S. Loans
Arbor Realty Trust, Uniondale, N.Y., closed 18 deals totaling $177.8 million in the Southeastern U.S.
Despite Record-Low Interest Rates, Mortgage Applications Down in MBA Weekly Survey
Mortgage applications fell by nearly 5 percent for the week ending Sept. 25 from one week earlier despite the lowest 30-year fixed rate in the history of the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
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“There are indications that refinance rates are not decreasing to the same extent as rates for home purchase loans, and that could explain last week’s decline in refinances. Many lenders are still operating at full capacity and working through operational challenges, ultimately limiting the number of applications they are able to accept.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
mPower Event at MBA Annual20 with Capricia Marshall Oct. 20
mPower, MBA Promoting Opportunities for Women to Extend their Reach, hosts its always popular event at this year’s MBA Annual20, featuring Ambassador Capricia Marshall.
People in the News Sept. 29, 2020
JLL Capital Markets announced Rachael Lewis as a Director in its Los Angeles office, where she will be part of the debt and equity placement team led by Senior Managing Director Bill Fishel.
MBA: Share of Loans in Forbearance Drops to 6.87%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 6.87% of servicers’ portfolio volume as of September 20, from 6.93% the prior week. MBA estimates 3.4 million homeowners remain in forbearance plans.
MISMO Approves Taxpayer Consent Language as New Standard
MISMO®, the mortgage industry standards organization, today announced that its successful Taxpayer Consent Language is approved as a new standard.