ATTOM, Irvine, Calif., released its Year-End 2021 U.S. Foreclosure Market Report, which shows foreclosure filings fell to their lowest level since 2005.
Category: News and Trends
MBA: 4Q Commercial, Multifamily Mortgage Delinquencies Decline
Delinquency rates for mortgages backed by commercial and multifamily properties declined in the final three months of 2021, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando. Early registration deadline is this Tuesday, Jan. 11–save more than $200 by registering now.
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“The fourth quarter saw continued improvement in the performance of commercial and multifamily mortgages, particularly among property types that were the most impacted by the downturn.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
CMBS Delinquency, Special Servicing Rates Dip in December
Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate dipped nine basis points in December to 2.67 percent, driven by robust new issuance, continued loan resolutions and fewer new delinquencies.
CFPB Analysis Criticizes Consumer Reporting Companies on Complaint Response
A new Consumer Financial Protection Bureau analysis sharply criticized the three major nationwide consumer reporting companies, alleging changes in complaint responses provided by Equifax, Experian and TransUnion resulted in fewer meaningful responses and less consumer relief.
Millennials, Gen Z Continue to Lag Behind in Homeownership
Millennials and Gen Z—the most underrepresented cohorts in homeownership—continue to lag behind after nearly two years into the coronavirus pandemic, according to a survey by PropertyShark, New York.
FHFA Targets Increases to GSE Pricing Framework; Upfront Loan-Level Pricing Adjustments Take Effect Apr. 1
The Federal Housing Finance Agency on Wednesday announced targeted increases to Fannie Mae and Freddie Mac’s upfront fees for certain high-balance loans and second-home loans, effective Apr. 1.
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“Higher fees for high-balance conforming loans and second-home loans should provide an opportunity for the GSEs to lower fees on the mission-centric portions of their businesses that primarily serve first-time and low- to moderate-income borrowers. The use of pricing as a tool to manage loan deliveries is more reasonable than previous efforts that featured percent-of-delivery thresholds, and the extended implementation period will protect consumers and lenders from cost increases on loans already in process.”
–MBA President & CEO Robert Broeksmit, CMB.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25; Early Registration Deadline Today
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando. Early registration deadline is this Tuesday, Jan. 11–save more than $200 by registering now.