After “extraordinary” home value growth characterized by a strong housing market in 2017 and 2018, Zillow, Seattle, said 2020 should shake down more like 2019–with the market stabilizing near historic norms.
Category: News and Trends
Black Knight: Servicer Retention Rates Fall in Q3 Despite 3-Year High in Refinance Volumes
Black Knight, Jacksonville, Fla., said After hitting an 18-year low in Q4 2018, refinance lending has nearly doubled (+94%) over the past three quarters.
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry. These members provide a variety of valuable products and services, including legal, insurance, technology, consulting, communications and more that help to grow your bottom line.
MBA, CMBA Comment on California Proposed Privacy Rules
The Mortgage Bankers Association, the California Mortgage Bankers Association and several other industry trade groups submitted a letter to the Office of the California Attorney General to comment on its proposed rules to implement the impending California Consumer Privacy Act.
CoreLogic: September Mortgage Delinquency Rate Lowest in 20 Years
CoreLogic, Irvine, Calif., released its monthly Loan Performance Insights Report, showing 3.8% of mortgages were in some stage of delinquency in September, an 0.6 percentage point decline from a year ago.
Redfin: Bidding Wars at 10-Year Low in November
Redfin, Seattle said 10 percent of offers written by Redfin agents on behalf of their homebuying customers saw a bidding war in November, down from 29% a year earlier and hovering at the 10-year low for the fifth consecutive month.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
New MBA White Paper Analyzes Commercial Real Estate Market Trends, Outlook
The Mortgage Bankers Association this morning released a new white paper, Where From Here?, which examines current economic trends and commercial/multifamily real estate market conditions and summarizes recent comprehensive data–by property type and capital source–reported by MBA’s research team.
MBA Advocacy Update
On Thursday, the Financial Stability Oversight Council issued its 2019 Annual Report on the state of financial markets and potential emerging risks. On Tuesday, HUD published two Mortgagee Letters that raise FHA forward mortgage limit “floors” and “ceilings,” as well as the maximum claim amount for HECMs. Last week, FASB issued an update on new CECL standards.
The Week Ahead
The Mortgage Bankers Association releases its quarterly Commercial/Multifamily Mortgage Debt Outstanding report this Tuesday, Dec. 10; its Weekly Applications Survey this Wednesday, Dec. 11; and its monthly Builder Applications Survey this Thursday, Dec. 12.