The Mortgage Bankers Association said it is concerned over new limits on loan deliveries for second homes and investor properties by Fannie Mae and Freddie Mac.
Category: News and Trends
Distressed Debt Monitor: CBRE’s Patrick Connell on the Role of Receiverships
2021 and beyond looks to be a marketplace defined by haves and have-nots with significant property type performance divergence both within and across property types. MBA Newslink interviewed CBRE’s Patrick Connell for some perspective on downturns and the role receiverships play in navigating the path to recovery.
MBA: Share of Mortgage Loans in Forbearance Decreases to 5.14%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 5.14% of servicers’ portfolio volume as of March 7 from 5.20% the prior week. MBA estimates 2.6 million homeowners are in forbearance plans.
Black Knight: Tappable Equity Skyrockets to Record High
A rising tide lifts all boats, the saying goes. And for the nation’s homeowners, home price growth—buoyed by scant housing inventories and historically low interest rates—created unprecedented tappable equity in 2020, said Black Knight, Jacksonville, Fla.
Foreclosure Activity Sees February Uptick, But Well Off from Year Ago
ATTOM Data Solutions, Irvine, Calif., released its February U.S. Foreclosure Market Report, showing 11,281 U.S. properties with foreclosure filings— up 16 percent from a month ago but down 77 percent from a year ago.
Home Equity Continues to Soar: Homeowners Gained $1.5 Trillion in 2020
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages saw their equity increase by 16.2% year over year, representing a collective equity gain of more than $1.5 trillion, and an average gain of $26,300 per homeowner, from a year ago.
Rana Fleming of Genworth Mortgage Insurance on Critical Role Homeowner Assistance Programs Play During a Pandemic
Rana Fleming is Director of Homeowner Assistance and Servicer Reporting with Genworth Mortgage Insurance, Raleigh, N.C. She joined Genworth in 2012.
CFPB: Discrimination Illegal by Lenders on Basis of Sexual Orientation, Gender Identity
The Consumer Financial Protection Bureau on Mar. 9 issued an interpretive rule clarifying that prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes sexual orientation discrimination and gender identity discrimination.
Despite Home-Equity Uptick, Black American Median Home Values Lag Behind
Despite promising data showing substantial gains in home equity, Black Americans still lag well behind other demographic cohorts, according to a new report from Redfin, Seattle.
MBA Letters Address GSE Liquidity Requirements, ‘Living Wills’
The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.