Ginnie Mae, Washington, D.C. yesterday released a progress update to its Ginnie Mae 2020 white paper, detailing strides the agency has made toward modernizing its mortgage-backed securities platform, enhancing counterparty risk management and fostering improvements to its program.
Category: News and Trends
Commercial/Multifamily Mortgage Debt Outstanding Approaches $3.5 Trillion
Commercial/multifamily mortgage debt outstanding rose by 1.3 percent ($45.4 billion) in the first quarter, the Mortgage Bankers Association reported this morning.
1Q Negative Equity Share Falls to 4.1%
CoreLogic, Irvine, Calif., said 17,000 residential properties regained equity in the first quarter, bringing the total number of mortgaged homes in negative equity to 2.2 million, or 4.1 percent of all mortgage properties.
1Q Commercial, Multifamily Mortgage Delinquencies At Record Lows
Commercial and multifamily mortgage delinquencies fell to near-record lows in the first quarter, the Mortgage Bankers Association reported.
MBA Releases Lender Disclosure Template for ARM Borrowers Ahead of LIBOR Sunset
With discontinuation of the London Interbank Offered Rate likely ahead, the Mortgage Bankers Association yesterday released a disclosure template for residential mortgage lenders to share with consumers interested in applying for an adjustable-rate mortgage.
FCC Votes to Allow Voice Service Providers to Block Robocalls
The Federal Communications Commission yesterday approved a Declaratory Ruling affirming voice service providers may, as a default, block unwanted calls known as “robocalls.”
Learning from CMBS Losses
One of the few positive implications of incurring losses on 12,000-plus loans is that one can extract some lessons about commercial real estate lending from the experience, said Brian Olasov, Executive Director with Carlton Fields, New York.
Senate Passes Bill Providing VA, Ginnie Mae Loan ‘Seasoning’ Fix
The Senate yesterday by unanimous consent approved a bill that would close a loophole refinanced loans must meet to be eligible for the VA guaranty and for Ginnie Mae pooling.
U.S. Home Flipping Rate at 9-Year High
ATTOM Data Solutions, Irvine, Calif., said even though overall home flipping activity fell in the first quarter, the rate of flipped home sales reached its highest rate since 2010.
House Appropriations Committee Approves Fiscal Year 2020 T-HUD Funding Bill
The House Appropriations Committee yesterday approved the Fiscal Year 2020 Transportation, Housing and Urban Development and Related Agencies bill, known as T-HUD, by a 29-21 vote.