In today’s complex mortgage servicing landscape, the ultimate goal is not just to protect investors, but also to facilitate the best possible outcomes for borrowers.
Category: News and Trends
Quote: April 30, 2024
“The U.S. delinquency rate fell from a year earlier for the first time in six months in February, indicating that mortgage performance remains strong.”
–CoreLogic Principal Economist Molly Boesel
CMBS Delinquency Rate Increases Moderately
The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased moderately in April to 4.67%, according to KBRA, New York.
Fannie Mae: Hot Economy, Inflation Likely to Keep Rates ‘Higher for Longer’
Stronger than expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve interest rate cuts this year, according to Fannie Mae’s Economic and Strategic Research Group.
Zillow: Number of Rent-Burdened Households Significant; BIPOC Renters Most Affected
A new report released by Zillow, Seattle, found that nearly half of U.S. renter households in large metro areas are “rent-burdened.” And, BIPOC renter households are more likely than others to fall into that category.
MBA Chart of the Week: Climate, Sustainability and Real Estate Finance
With Earth Day happening this month, it seems an opportune time to discuss the intersection of climate/sustainability issues and real estate finance. MBA has been leading on these issues for more than half a decade, helping members through our work related to research, policy and practice.
ATTOM: Profits for Home Sellers Decline Again in Q1
ATTOM, Irvine, Calif., released its 2024 U.S. Home Sales report, showing profit margins on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter.
CoreLogic: Delinquency, Foreclosure Rates Low in February
CoreLogic, Irvine, Calif., reported the overall mortgage delinquency rate was at 2.8% in February, down from 3% in February 2023.
Dealmaker: Berkadia Secures $52M in Construction Financing for South Carolina Multifamily Property
Berkadia, New York, secured $52 million in construction financing for The ONE at Columbia, a three-story multifamily property in Columbia, S.C.
Mark Dangelo: AI and Aging Workforces–Not Mutually Exclusive
In real estate the mantra is about location, location, location. Today, it is about AI, AI, AI.