Trepp, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined again in August, falling three basis points to 3.22 percent.
Category: News and Trends
GSEs Seeing Fewer Defects, Better QC Results
CHICAGO–Representatives of Fannie Mae and Freddie Mac here at the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum said quality of loans submitted to them show better quality control processes and fewer defects, but cautioned that the defects the do appear show a greater degree of sophistication.
CFPB to Enhance Consumer Complaint Database
The Consumer Financial Protection Bureau announced it will continue publication of consumer complaints, data fields and narrative descriptions through the Bureau’s Consumer Complaint Database while making several enhancements to the information available to users of the database.
FHFA Ends Mortgage Servicing Rights Financing Pilot Program
The Federal Housing Finance Agency yesterday announced the end of the Mortgage Servicing Rights financing pilot program for Fannie Mae and Freddie Mac.
The Crime Scene: FBI Provides Update on Fraud
CHICAGO–Kyle Armstrong, Supervisory Special Agent with the Federal Bureau of Investigation, said mortgage fraud is hitting every part of the U.S. in every one of the Bureau’s 56 field offices.
MBA, Others Urge Terrorism Risk Insurance Act Reauthorization
The Mortgage Bankers Association and more than 100 other organizations representing various business interests urged Congress to reauthorize the Terrorism Risk Insurance Act, which is set to expire at year-end 2020.
ATTOM: August Foreclosure Activity Down 24%, 14th Consecutive Monthly Decline
ATTOM Data Solutions, Irvine, Calif., reported 53,007 U.S. properties with foreclosure filings in August, up by 4 percent from July but down 24 percent from a year ago.
FHFA Increases Fannie Mae, Freddie Mac Multifamily Caps
The Federal Housing Finance Agency on Friday revised its cap structure on Fannie Mae and Freddie Mac’s multifamily businesses.
MBA Joins Trade Groups in Push for Affordable Housing Near Transit
With affordability playing an increasing role in the future of housing, the Mortgage Bankers Association joined more than a dozen industry and consumer trade groups this week in a letter to members of Congress in support of legislation that would promote federal investment in public transportation projects.
Institutional Investors Downgrade 2019 Return Expectations
Institutional investors are decreasing their expectation for 2019 commercial real estate returns, the Pension Real Estate Association’s Consensus Forecast Survey reported.