ATTOM, Irvine, Calif., released its first-quarter U.S. Home Equity & Underwater Report, showing 47.2 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, down slightly from 48 percent in the fourth quarter.
Category: News and Trends
CMBS Delinquency Rate Dips; Offices See Increase
The commercial mortgage-backed securities delinquency rate fell slightly in March, but the segment that everyone watches closely–office–saw its rate move higher again, reported Trepp, New York.
MBA Secondary and Capital Markets Conference in NYC May 21-24
The Mortgage Bankers Association’s Secondary & Capital Markets Conference returns to the New York Marriott Marquis May 21-24.
Quote: Tuesday May 9, 2023
“Unlike most IMBs, some banks can justify operating at a production loss because of the ongoing net interest margin generated on loans held for investment, ability to cross-sell other bank products, and having other business lines that are profit-generating when the mortgage originations division is not.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA Secondary and Capital Markets Conference in NYC May 21-24
The Mortgage Bankers Association’s Secondary & Capital Markets Conference returns to the New York Marriott Marquis May 21-24.
CFPB Proposes New PACE Financing Rules
The Consumer Financial Protection Bureau on Monday proposed a rule to implement a congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.
Banking, Financial Services Set to Become Largest Investors in AI
The real estate finance industry has long suffered a reputation for lagging other sectors in technology adoption. That perception could soon change, said JLL, Chicago.
MISMO Recruiting Industry Professionals to Participate in New Group Focused on Reverse Mortgage Lending
MISMO®, the real estate finance industry standards organization, issued a call for participants to join a new development workgroup focused on analyzing and developing standards for reverse mortgages.
Zillow: More Buyers Purchasing Mortgage Points to Ease Monthly Costs
An analysis of Home Mortgage Disclosure Act data by Zillow Home Loans, Seattle, found nearly 45% of conventional primary home borrowers opted to purchase mortgage points in 2022 as a way to reduce their monthly payment.
CoreLogic: Mortgage Delinquency Rate Hovers Near Record Low
CoreLogic, Irvine, Calif., said mortgage delinquencies fell in February from January but rose slightly from a year ago.