CoreLogic, Irvine, Calif., reported U.S. annual single-family rent growth continued to slow year-over-year in January, declining for the ninth straight month to 5.7%.
Category: News and Trends
Zillow: Buyers in The Game, But Interest Rates Keep Sellers on the Bench
Zillow, Seattle, said mortgage rates–both their high levels and their wild swings–are making life difficult for both buyers and sellers.
MBA: 4Q Commercial, Multifamily Mortgage Debt Outstanding Up By $324B
Commercial/multifamily mortgage debt outstanding at year-end 2022 rose by $324 billion (7.7 percent) from the previous year, the Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding Report said.
MBA: February Share of Mortgage Loans in Forbearance Decreases to 0.60%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 4 basis points tp 0.60% of servicers’ portfolio volume as of February 28 from 0.64% in January. MBA estimates 300,000 homeowners are in forbearance plans.
Elevating Your Quality Quotient: Taking Stock of Mortgage Servicing in Three Acts
A borrower’s first home purchase and introduction to homeownership leaves an imprint. Mortgage origination production is an important component of housing services, but shortly after closing and keys are in-hand, the borrower’s collective time within the home is spent interacting with another mortgage ecosystem partner, their mortgage servicer.
People in the News Mar. 22, 2023: MISMO Names David Coleman President
MISMO®, the real estate finance industry standards organization, named mortgage industry veteran David Coleman President.
Quote: Mar. 22, 2023
“Mortgage rates declined for the second week in a row, with the 30-year fixed rate dropping to 6.48 percent, the lowest level in a month. However, mortgage rates have not dropped as much as Treasury rates due to increased MBS market volatility.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MBA: 4Q Commercial, Multifamily Mortgage Debt Outstanding Up By $324B
Commercial/multifamily mortgage debt outstanding at year-end 2022 rose by $324 billion (7.7 percent) from the previous year, the Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding Report said.
CFPB Releases 2022 HMDA Data
The Consumer Financial Protection Bureau on Monday made Home Mortgage Disclosure Act Modified Loan Application Register data for 2022 available through the Federal Financial Institutions Examination Council’s HMDA Platform for more than 4,000 HMDA filers.
Dealmaker: Institutional Property Advisors Brokers Albertsons-Anchored Retail Center Sale in Oregon
Institutional Property Advisors, Calabasas, Calif., sold Jackson Creek Center, a 84,610-square-foot shopping center in Medford, Ore., for $6.1 million.