Fitch Ratings, New York, said commercial mortgage-backed securities borrowers are taking advantage of the current low interest rate environment to defease their loans.
Category: News and Trends
MBA: Share of Mortgages in Forbearance Ticks Up
The Mortgage Bankers Association’s latest Forbearance & Call Center Survey reported loans in forbearance increased slightly to 5.49% of servicers’ portfolio volume as of December 13 from 5.49% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
FHFA: GSEs Complete 539,000 3Q Foreclosure Prevention Actions
The Federal Housing Finance Agency released its third quarter Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 539,451 foreclosure prevention actions in quarter, bringing to 5.2 million the number of troubled homeowners who have been helped during conservatorships.
MBA, Trade Groups Ask Federal Agencies for Clarity on CARES Act Forbearance
The Mortgage Bankers Association, the American Bankers Association and the Housing Policy Council on Thursday asked federal agencies to issue guidance establishing a consistent timeframe for CARES Act forbearance under their respective programs.
FHFA Issues Proposed Rulemaking for Enterprise Liquidity Requirements, Seeks Comments
The Federal Housing Finance Agency, Washington, D.C., on Thursday announced it would seek comments on a proposed rulemaking regarding Fannie Mae and Freddie Mac liquidity requirements.
ACES: Critical Defect Rate Highest Since 2018
ACES Quality Management, Denver, said its quarterly Mortgage QC Trends Report for the second quarter reported the overall critical defect rate of 1.88% is the highest quarterly rate since 2018.
FHFA Holds GSE Affordable Housing Goals Steady
The Federal Housing Finance Agency on Wednesday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.
The Redesigned URLA Mandate Is Around the Corner. Will Your Technology Solution Be Ready?
December is always a busy month, and this is especially true for mortgage lenders this year. With 2021 rapidly approaching, the deadline to implement the redesigned URLA and updated automated underwriting system (AUS) datasets will be here before we know it.
3Q Home Flipping Drops but Profits Reach Record High
ATTOM Data Solutions, Irvine, Calif., said home flipping fell in the third quarter from both the second quarter and a year ago, but profits—and profit margins—jumped to record highs.
FHFA: GSE Non-Performing Loan Portfolios Down 70%
The Federal Housing Finance Agency’s latest report on sale of non-performing loans by Fannie Mae and Freddie Mac showed of loans one or more years delinquent held in the Enterprises’ portfolios decreased by 70 percent.