This spring, the Financial Stability Oversight Council (FSOC) issued a proposal that would remove procedural requirements and allow it to fast-track the designation of non-bank financial companies as systemically important financial institutions (“SIFI”) subject to enhanced supervision by the Federal Reserve.
Category: News and Trends
Servicing Quote Tuesday, Nov. 7, 2023
“The fourth quarter data should say more about whether residential equity in the U.S. has indeed topped out..”
–ATTOM CEO Rob Barber
‘Zombie’ Foreclosures Rise as Lenders Pursue More Delinquent Mortgages: ATTOM
Nearly 1.3 million residential properties in the United States are vacant, according to ATTOM, Irvine, Calif.
MBA NewsLink Multifamily Roundtable: High Rates, Stalled Rents and New Roofs
As uncertainty dominates discussions about getting deals done, MBA NewsLink convened three multifamily finance executives, Chad Musgrove, John Lloyd and Carl McLaughlin, to get their opinions on where the apartment industry sits and where it’s headed next.
MISMO Announces Governance Committee for 2024-2025
MISMO, the real estate finance industry’s standards organization, announced members of its Standards Governance Committees for a two-year term beginning in January 2024.
GDP Growth Rate Jumps in Third Quarter
U.S. economic growth showed a strong 4.9% pace in the third quarter, the U.S. Commerce Department reported Thursday.
CoreLogic: Historic Low for Delinquencies in August
CoreLogic, Irvine, Calif., found in its Loan Performance Insights Report for August that the overall mortgage delinquency rate was at 2.6%, a historic low.
Servicing Quote Tuesday, Oct. 31, 2023
“U.S. mortgage performance remained strong in August, supported by a robust job market and a healthy economy.”
–Molly Boesel, principal economist at CoreLogic
ATTOM Finds Profit Margins, Homeownership Tenure, Cash Sales Up
ATTOM, Irvine, Calif., released its third-quarter 2023 U.S. Home Sales Report, showing profit margins on median-priced homes are up from the second quarter, along with other metrics such as homeownership tenure and cash sales.
DBRS Morningstar Warns About Insurance and Property Values in Coastal Areas
DBRS Morningstar, Toronto, released a new analysis warning about the impacts of climate change–including hurricanes–on property insurance in vulnerable areas. Insurance companies are exiting catastrophe-prone areas, DBRS Morningstar said, potentially leading to a decline in property values.