Category: News and Trends

Ellie Mae, Pleasanton, Calif., said falling interest rates in July led to an increase in Millennial refinance activity.

Auction.com, Irvine, Calif., said 56 percent of properties sold to third parties at foreclosure auction were owner-occupied one year after the foreclosure auction date, compared to 43 percent of properties that reverted to the lender.

Home equity loan debt outstanding and borrower utilization rates declined in 2018, and mortgage lenders anticipate mixed activity this year and only modest increases in originations in 2020, the Mortgage Bankers Association reported yesterday.

Multifamily fundamentals remain healthy, demonstrated by record second quarter absorption. But the sector faces some threats, analysts said.

The refinance mini-boom has been good news for lenders; it’s also been good news in deterring mortgage defects and fraud, according to First American Financial Corp., Santa Ana, Calif.

ATTOM Data Solutions, Irvine, Calif., said in “opportunity zones”–special areas of the U.S. aimed at spurring improvement and development-nearly half of homes have median home prices below $150,000.

Black Knight, Jacksonville, Fla., said after falling through the second half of last year, tappable equity saw its second consecutive quarterly increase, hitting a record high $6.3 trillion in the second quarter.

Fitch Ratings, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined nearly 10 percent between April and July to $9.8 billion.

Despite increases in Millennial participation in the home-buying market, two reports suggest Millennials continue to face barriers that impede their entry into the market.

Black Knight, Jacksonville, Fla., said national delinquency rates fell in July as prepayment activity jumped to its highest level in nearly three years.