The Federal Housing Administration on Friday published a proposed rule that would increase the maximum modification loan term limit from 360 months (30 years) to 480 months (40 years).
Category: News and Trends
CMBS Delinquency Rate, Liquidations Drop
The commercial mortgage-backed securities delinquency rate continues to decline, and CMBS liquidations also dropped last year, analysts said.
Home-Selling: It’s in the Metrics
Can algorithms determine the perfect time to list a home in today’s market? And in today’s market, does it even matter? Zillow, Seattle, thinks so.
Home Flipping Profits Fall to 10-Year Low
Although home flipping increased by more than 26 percent in 2021, ATTOM, Irvine, Calif., said gross profit margins fell to their lowest level in 10 years and at a pace not seen in 15 years.
Housing Market Roundup: Apr. 5, 2022
Here’s a summary of recent housing market and economic reports that came across the MBA NewsLink desk:
Quote
“The gender pay gap limits women in the housing market, but that’s only the start of a compounding impact. Owning a home represents the dominant form of wealth building for most Americans. So not only are women starting from behind, but they’re falling even further behind with each passing day as homes build equity.”
–Zillow economist Nicole Bachaud.
MISMO Issues iLAD 2.1.0 for Public Comment
MISMO®, the real estate finance industry standards organization, released its updated Industry Loan Application Dataset (iLAD) for a 30-day public comment period.
FHFA: More than 6.3M Homeowners Helped Since Conservatorship
The Federal Housing Finance Agency released its fourth quarter Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 153,793 foreclosure prevention actions during the quarter
Black Knight: 1st Uptick in Early Stage Delinquencies in 9 Months
Black Knight, Jacksonville, Fla., said past-due loans increased by 1.8 percent in February, the first increase since last May.
Freddie Mac Multifamily Investment Index Drops
Freddie Mac, McLean, Va., said multifamily market investment conditions turned negative in late 2021 as price appreciation and rising mortgage rates more than offset net operating income growth.