CoreLogic, Irvine, Calif., said homeowners with mortgages saw their equity increase by 29.3% year over year, representing a collective equity gain of more than $2.9 trillion and an average gain of $51,500 per borrower over the past year.
Category: News and Trends
MBA RIHA Climate Change Report: Mortgage Industry Needs to Improve Risk Management Measurements
Climate change triggered by global warming will continue at an unpredictable pace and will add stress to the complex system of allocating risks across housing and housing finance stakeholders, according to a new research report released Thursday by the Mortgage Bankers Association’s Research Institute for Housing America.
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“The mortgage industry will not be spared by the growing impact climate change is having on the environment, governments and individuals…Climate mitigation efforts are necessary to slow the adverse effects of global warming, and better and more standardized predictors of environmental risks are needed to make housing and housing finance more resilient.”
–Sean Becketti, author of a RIHA report on the effects on climate change on the real estate finance industry.
Share of Mortgage Loans in Forbearance Falls to 3.00%
Mortgage loans in forbearance fell to yet another post-pandemic low and threatened to fall under 3 percent for the first time in more than a year and a half, the Mortgage Bankers Association reported on Monday.
MBA Announces Policy Initiative to Close Racial Homeownership Gap
The Mortgage Bankers Association on Monday announced a policy initiative, Building Generational Wealth Through Homeownership, aimed at providing industry leadership and direction for reducing the racial homeownership gap, developing and supporting policies that support sustainable homeownership for communities of color and promoting fair, equitable and responsible lending for minority borrowers.
MBA CONVERGENCE Environmental Scan Examines Affordable Rental Housing Challenges, Opportunities
MBA CONVERGENCE, the national strategy by the Mortgage Bankers Association to bring together lenders, community leaders and public officials for new solutions to America’s affordable housing challenges, this week released an Environmental Scan examining affordability challenges in rental housing markets.
Home Flipping Up, But Profits at 10-Year Low
ATTOM, Irvine, Calif., issued its second-quarter U.S. Home Flipping Report, showing an increase in flipping activity during the quarter but a drop in profit margins.
FHFA Issues Proposed Rulemaking to Amend GSE Regulatory Capital Framework
It’s been a busy week for the Federal Housing Finance Agency. On Tuesday, FHFA and the Treasury Department suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac. On Wednesday, FHFA announced a notice of proposed rulemaking to amend the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
FHFA, Treasury Suspend Portions of GSE 2021 Preferred Stock Purchase Agreements
The Federal Housing Finance Agency and the Treasury Department on Sept. 14 suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac in January.
CoreLogic: June Foreclosure Inventory Rate Lowest in Two Decades
CoreLogic, Irvine, Calif., said 4.4% of all mortgages in the U.S. were in some stage of delinquency in June, a 2.7-percentage point decrease in delinquency from a year ago but above the February 2020 pre-pandemic rate of 3.6%.