ATTOM, Irvine, Calif., said a record 39.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter.
Category: News and Trends
CFPB, Federal Agencies Rescind April 2020 Joint Statement, Says Will ‘Step Up’ Borrower Protections
The Consumer Financial Protection Bureau and other government agencies on Wednesday announced a return to “enforcement of critical protections” for families and homeowners.
MBA: Mortgage Delinquencies Decline for 5th Straight Quarter
Mortgage delinquencies fell for the fifth straight quarter to well under 5 percent, the Mortgage Bankers Association reported Wednesday.
Fitch: REITs Can Withstand Short-Term Inflation Pressures
Fitch Ratings, New York, said it sees limited risks to real estate investment trust credit fundamentals from a transitory inflation-rate increase, but noted prolonged elevated inflation could pressure REITs.
Reports Show Drop in Delinquencies, Rise in Foreclosures
CoreLogic, Irvine, Calif., reported steady drops in mortgage delinquencies in August, while ATTOM, Irvine, Calif., said the end of foreclosure moratoria earlier this summer is pushing mortgage foreclosure actions higher.
Quote
“The continued strengthening of the FHA Mutual Mortgage Insurance Fund is a welcome development that highlights the strong financial stewardship of the Fund by HUD and other stakeholders, including lenders. A healthy FHA program is necessary to ensure the broad availability of sustainable mortgage credit to low- and moderate-income households, minority borrowers, first-time homebuyers and other historically underserved communities.”
–MBA President & CEO Robert Broeksmit, CMB.
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.
Final MBA Forbearance & Call Volume Survey: Mortgage Loans in Forbearance Drops to 2.06%
The Mortgage Bankers Association issued its final Forbearance and Call Volume Survey on Monday; 77 weeks after its first survey, MBA reported one million homeowners in forbearance plans, down from more than six million in mid-2020.
CMBS Delinquency Rate Tumbles
Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate declined sharply again in October.
Auction.com: Completed 3Q Foreclosure Auctions Up 16%
Auction.com, Irvine, Calif., said completed foreclosure auctions in the third quarter increased by 16 percent from the previous quarter and by 89 percent from a year ago to a new pandemic high.