The commercial mortgage-backed securities delinquency and special servicing rates both increased in November, according to Trepp LLC and DBRS Morningstar.
Category: News and Trends
CFPB: Annual Report on Credit Reporting Companies Cites ‘Ongoing Challenges’
The Consumer Financial Protection Bureau on Tuesday issued its annual report on the industry’s three largest credit reporting companies, based on nearly a half-million complaints it received about TransUnion, Equifax and Experian.
Downsizing Tech Sector Challenges Office Recovery
CommercialEdge, Santa Barbara, Calif., reported tech companies have been laying off workers and downsizing their office footprints to cut costs, which could make the office sector’s recovery even harder.
Quote (Jan. 10, 2023)
“The addition of 2 million homes that now qualify for conforming loan options across the county is welcome news for home buyers entering a shopping season with fewer homes on the market. Home price appreciation has slowed significantly, and this means that homes nearing jumbo loan territory will stay eligible for conforming loans longer than we have seen in the last few years.”
–Zillow Economist Nicole Bachaud.
MBA Servicing Solutions Conference and Expo in Orlando Feb. 21-24
The Mortgage Bankers Associations Servicing Solutions Conference & Expo, Roadmap to Servicing Success, takes place Feb. 21-24 at the Hyatt Regency Orlando.
Make Your Voice Heard through MBA Mortgage Action Alliance
The MBA Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.
MBA Education Workshop Feb. 13: Fundamentals of Mortgage Banking for Servicing Professionals
MBA Education presents a one-day Workshop, Fundamentals of Mortgage Banking for Servicing Professionals, on Monday, Feb. 13 from 10:00 a.m.-3:30 p.m. ET.
Fannie Mae, Freddie Mac Announce Replacement Rates for Legacy LIBOR Products
Fannie Mae and Freddie Mac on Dec. 22 announced replacement rates for legacy LIBOR loans and securities.
ATTOM: Home Affordability Worsens in 4Q Despite Falling Home Prices
ATTOM, Irvine, Calif., released its fourth-quarter U.S. Home Affordability Report showing median-priced single-family homes and condos are less affordable compared to historical averages in 99 percent of counties across the nation — far above the 68 percent of counties that were less affordable a year ago.
CMBS Supply-Demand Fundamentals Slip
Commercial property market supply and demand fundamentals slipped in the third quarter, reported Moody’s Investors Service, New York.