Fitch Ratings, New York, reported the U.S. commercial mortgage-backed securities delinquency rate fell 14 basis points in January to 4.55 percent due to a slowing pace of new delinquencies and strong new issuance.
Category: News and Trends
ATTOM Reports Record-Low Foreclosures
ATTOM Data Solutions, Irvine, Calif., said 9,701 U.S. properties reported foreclosure filings in January, down by 11 percent from a month ago and down by 80 percent from a year ago.
MBA Letter Outlines Fiscal 2021 Budget Priorities
The Mortgage Bankers Association, in a Feb. 10 letter to the House Financial Services Committee, outlined several priorities it supports as the committee wrestles with its markup of the federal government’s fiscal 2021 budget.
Wells Fargo Leads MBA 2020 Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers’ volumes, with Wells Fargo Bank N.A. at the top with $712 billion in master and primary servicing.
CoreLogic: November Mortgage Delinquency Rates at 11-Month Low
CoreLogic, Irvine, Calif., said new November mortgage delinquencies fell below pre-pandemic levels and, while serious delinquencies fell to their lowest levels since June.
MBA: 2021 Commercial/Multifamily Mortgage Maturity Volumes to Increase 36%
The Mortgage Bankers Association said $222.5 billion of the $2.3 trillion (10 percent) in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2021, a 36 percent increase from the $163.2 billion that matured in 2020.
Quote
“For the second consecutive quarter, homeowners’ ability to make their mortgage payments improved…mortgage forbearance, foreclosure moratoriums, enhanced unemployment benefits and stimulus payments have helped distressed homeowners remain in their homes.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
Nick Volpe: Managing Effects of Changing Regulations on Mortgage Servicing Operations
As loan servicers continue to battle operational challenges and brace themselves for continuously high volume, there are strategies they should consider to better navigate the changing landscape.
MBA, Coalition Urge Homeowner Relief in COVID-19 Package
The Mortgage Bankers Association and nearly 300 other industry trade groups and community organizations urged Congress to include direct assistance to homeowners with COVID-19 hardships in any upcoming economic stimulus package.
Nick Volpe: Managing Effects of Changing Regulations on Mortgage Servicing Operations
As loan servicers continue to battle operational challenges and brace themselves for continuously high volume, there are strategies they should consider to better navigate the changing landscape.