MBA Asks 6-Month Delay of Debt Collections Proposed Rule Effective Date
The Mortgage Bankers Association, in a May 19 letter, asked the Consumer Financial Protection Bureau to delay the effective date of its final rule amending the Fair Debt Collection Practices Act.
Initial Claims at 14-Month Low
Initial claims for mortgage insurance fell by another 34,000 last week, their lowest level since March 2020, the Labor Department reported Thursday.
Black Knight: Delinquency Rate Falls Below 5% for First Time Since Pandemic
Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate fell by more than 7 percent in April to below 5 percent for the first time since onset of the coronavirus pandemic.
RE/MAX: April Home Sales Set New Highs
For want of inventory, this spring home-buying season would be one for the ages. As it is, said RE/MAX, Denver, sales are doing pretty well, regardless.
1Q Distressed CRE Debt Drops
More U.S. commercial real estate distress was worked out than arose in the first quarter, reported Real Capital Analytics, New York.
