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.
Category: News and Trends
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.
CoreLogic Reports 11.4% Decrease in 2Q Mortgage Fraud Risk
CoreLogic, Irvine, Calif., released its quarterly Mortgage Fraud Report, showing an 11.4% year-over-year decrease in fraud risk at the end of the second quarter.
CMBS Delinquency Rate Reaches Another Post-Crisis Low
The commercial mortgage-backed securities delinquency rate fell again in August, setting another post-crisis low in the process, reported Trepp LLC, New York.
Black Knight: Servicer Retention Rates Improve Significantly Among Rate-Driven Refinance Transactions
Black Knight, Jacksonville, Fla., said falling interest rates and easy access to refinance candidates pushed retention rates up in second quarter, with servicers retaining 24% of refinancing borrowers, the highest such retention rate since late 2017.
Wells Fargo, PNC/Midland Lead MBA 2019 Mid-Year Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association released its mid-year rankings of commercial and multifamily mortgage servicers’ volumes as of June 30, showing Wells Fargo Bank NA, PNC Real Estate/Midland Loan Services, KeyBank NA, Berkadia Commercial Mortgage LLC and CBRE Loan Services with highest volumes.
Dorian Marks Start of ‘Seasonal Risk’ for Mortgage-Backed Securities Risk
Slow-moving, powerful Hurricane Dorian has dominated the news for nearly two weeks; now, as it moves off the East Coast and into history, analysts have begun to assess its impact.