ATTOM: Foreclosure Activity at Nearly 2-Year High; MBA to Release 4Q National Delinquency Survey This Morning
Ahead of this morning’s release of the Mortgage Bankers Association’s 4th Quarter National Delinquency Survey ATTOM, Irvine, Calif., reported 23,204 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 29 percent from a month ago and 139 percent from a year ago to its highest level since onset of the coronavirus pandemic.
Home Buyers on Budget Stand to Lose Big as Mortgage Rates Rise
Should mortgage interest rates go higher—and the Mortgage Bankers Association predicts they will hit 4% by the end of the year—home buyers on a fixed budget stand to lose some economic power, said Redfin, Seattle.
CMBS Defeasance Snaps Back
Kroll Bond Rating Agency, New York, reported commercial mortgage-backed securities defeasance volume rebounded strongly last year after falling by nearly half in 2020.
FHFA Seeks Input on FY2022-2026 Strategic Plan
The Federal Housing Finance Agency on Wednesday asked for input on its Draft Strategic Plan, which outlines the Agency's priorities for the coming years as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac.