Weekly Real Estate News, Dec. 10, 2023, Phil HallAmericans spent an average of $13,667 on home improvement, home maintenance and emergency repairs this year, a 6% increase compared to 2022 …
Category: Top National News
HELOC Originations Drop as Rate Spread Balloons
Home Equity Lending News, December 8, 2023Origination of home-secured credit lines has been subdued because interest rates on the open-end product have risen so much more than on first mortgages. …
Commercial Mortgage Delinquency Rates Rise a Third Month in a Row
Globe St., Dec. 11, 2023-Richard BergerCommercial mortgage delinquencies in the third quarter of 2023 not unexpectedly increased for the third consecutive month, according to the Mortgage Bankers Association’s latest Commercial …
Majority of Seriously Delinquent Mortgages Have 20% Equity
National Mortgage News, December 4, 2023–Bonnie SinnockThe mortgage market has been partly counting on home equity to maintain performance and so far, while there’s been a little slippage, the percentage …
Mortgage REITs See Jump in Loan Repayments in 2Q, Remain On Lending Sidelines
CRE Direct, Nov. 28, 2023–Orest MandzyThe major mortgage REITs saw loan repayments skyrocket in the second quarter by nearly 80% when compared with the first. This contributed to the 2.5% …
Foreclosure Starts Rose in October, but Remain at Historically Low Levels
DS News, Nov. 28, 2023–Kyle G. HorstIntercontinental Exchange, Inc’s—better known as ICE—has again released its monthly report highlighting mortgage performance for the month of October 2023, which overall found that …
Subprime Mortgage Delinquencies Drift Higher Than Last Year
National Mortgage News, Nov. 30, 2023-Bonnie SinnockA small number of subprime mortgages that are outstanding are seeing higher year-over-year delinquencies in all categories, echoing broader market trends for that credit …
Mortgage REITs See Big Loan Repayments
Globe St., Nov. 30, 2023-Erik ShermanMany recent reports on commercial real estate focus on loan maturity, delinquency, and special servicing. It’s easy to forget that these are not the majority …
Servicing Income Helping to Prop Up Lenders
Inside Mortgage Finance, Nov. 30, 2023–John BancroftIncome from production and secondary marketing among a group of 21 publicly traded mortgage companies was flat in the third quarter of 2023. Meanwhile, …
FHA Finalizes New Servicing Incentives for Reverse Mortgages
National Mortgage News, Dec. 1, 2023-Bonnie SinnockThe Federal Housing Administration has released a final version of proposed measures aimed at improving reverse mortgage servicing, including new incentives.Click here for more (subscription)