Commercial and multifamily mortgage delinquencies remained low in the third quarter, according to the Mortgage Bankers Association’s quarterly Commercial/Multifamily Delinquency Report.
Category: News and Trends
FHA Raises 2020 Forward, Reverse Loan Limits
The Federal Housing Administration published Mortgagee Letter 2019-19 and Mortgagee Letter 2019-20, which raises the maximum mortgage limits for FHA-insured Title II forward mortgages and Home Equity Conversion Mortgages.
Financial Stability Oversight Council Annual Report Describes ‘Emerging Threats’ to U.S. Financial Stability
The Financial Stability Oversight Council issued its 2019 Annual Report, which outlines “significant financial market and regulatory developments” and “potential emerging threats to U.S. financial stability.”
FHFA to Re-Propose Enterprise Capital Rule in 2020
A year after proposing regulations on capital requirements for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency said it plans to re-propose the entire regulation some time in 2020.
CFPB to Assess Integrated Mortgage Disclosure Rule
The Consumer Financial Protection Bureau said it would conduct and assessment on the TRID Integrated Disclosure Rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
MBA: IMB Profits Rise to Near Seven-Year High in 3Q
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they originated in the third quarter, up from $1,675 per loan in the second quarter, the Mortgage Bankers Association said.
FHFA Increases 2020 Maximum Conforming Loan Limits to $510,400
The Federal Housing Finance Agency last week announced maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020, with the 2020 maximum conforming loan limit for one-unit properties rising to $510,400 from $484,350.
Black Knight’s First Look: Strong Decline in October Mortgage Delinquencies; Refis Pushes Prepayments to Highest Level in 6 Years
Black Knight, Jacksonville, Fla., said its First Look Mortgage Monitor reported the national mortgage delinquency rate fell to 3.39% in October, a nearly 7% decline from the past year and within 0.03% of the record low set in May.
CFPB to Assess Integrated Mortgage Disclosure Rule
The Consumer Financial Protection Bureau said it would conduct and assessment on the TRID Integrated Disclosure Rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
MBA: IMB Profits Rise to Near Seven-Year High in 3Q
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they originated in the third quarter, up from $1,675 per loan in the second quarter, the Mortgage Bankers Association reported Thursday.