The Federal Housing Finance Agency on Thursday released the results of its Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests.
Category: News and Trends
CBRE Survey Points to Expectations of Commercial Real Estate Price Stabilization
CBRE, Dallas, found in a survey that capitalization rates have begun to level off, and in a release said commercial real estate pricing appears poised to stabilize in the second half of this year.
Foreclosure Starts Down in July, but Repossessions Increase, ATTOM Finds
ATTOM, Irvine, Calif., found in its July 2023 U.S. Foreclosure Market Report that foreclosure starts are down 12% from June and down 2% from a year ago.
MBA: Mortgage Delinquencies Decrease in Second Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.37 percent of all loans outstanding at the end of the second quarter, according to the Mortgage Bankers Association’s National Delinquency Survey.
Quote: Aug. 14, 2023
“Demand for refinance continues to be the hardest hit by these elevated rates. Given that the large majority of existing mortgages have rates below 6%, there is no incentive for homeowners to refinance their existing lower-than-current-rates mortgage and enter into a new, costlier mortgage.”
–Joe Mellman, senior vice president and mortgage business leader at TransUnion.
Haven’t Reevaluated Your Document Automation Strategy Yet? Now’s the Time
Whether you’re an originator, servicer, wholesale lender or investor, managing loan documents and data effectively can mean the difference between the success or failure of your process automation strategies.
Residential Certified Mortgage Servicer (RCMS) Designation
Designed to carry you through the process of onboarding through career advancement and setting yourself apart, the Residential Certified Mortgage Servicer (RCMS) Certificate and Designation program is a comprehensive program …
Many Americans Misinformed About Home Buying, Survey Says
Only 14% of Americans surveyed know the current median house price range, and just 12% know the current interest rate for a 30-year mortgage, a publication owned by Clever Real Estate found in a survey.
MBA Compliance and Risk Management Conference in DC Sept. 10-12
Compliance officers and inside and outside counsel will find the content they know and trust at the Mortgage Bankers Association’s Compliance and Risk Management Conference.
MBA: Mortgage Delinquencies Decrease in Second Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.37 percent of all loans outstanding at the end of the second quarter, according to the Mortgage Bankers Association’s National Delinquency Survey.