Category: News and Trends

ATTOM Data Solutions, Irvine, Calif., said properties in foreclosure in the second quarter fell by nearly in half from three years ago.

Ahead of the Mortgage Bankers Association’s National Delinquency Report release this morning, CoreLogic, Irvine, Calif., reported the May serious delinquency rate tied with April as the lowest for any month in nearly 14 years.

ATTOM Data Solutions, Irvine, Calif., reported an 18% drop in U.S. foreclosure filings in the first six months of the year and an 82 percent decline from the peak of foreclosures.

Commercial property market supply and demand fundamentals slipped one point in the first quarter but remained stable, reported Moody’s Investors Service, New York.

An analysis by Climate Central, Princeton, N.J., and Zillow, Seattle, shows nearly 20,000 homes built in the past decade are at significant risk of chronic coastal flooding by 2050.

J.D. Power, Costa Mesa, Calif., said mortgage servicers havesome of the lowest customer service rankings in 2018 among service industries.

The Consumer Financial Protection Bureau announced Friday it extended the comment period by 30 days on its Notice of Proposed Rulemaking implementing the Fair Debt Collection Practices Act.

In the wake of yet another high-profile data security breach, this time involving Capital One, the Mortgage Bankers Association this week sent a letter to the Federal Trade Commission offering recommendations on a proposed rulemaking on standards for safeguarding customer information.

Auction.com, Irvine, Calif., said average sales price for properties sold at foreclosure auction in the first quarter rose to $147,115, up 8 percent from the previous quarter and up 7 percent from a year ago to the highest level as far back as data is available.

In the latest edition of To the Point with Bob, MBA President and CEO Robert Broeksmit, CMB, discusses how MBA advocacy resulted in a bipartisan effort on Capitol Hill to assist the nation’s veterans.