Demand for existing homes is strong, but one can’t buy what’s not for sale, said First American Financial Corp., Santa Ana, Calif.
Category: News and Trends
MISMO Seeks Input on Consent Language for Tax Transcripts to Comply with Taxpayer First Act
MISMO®, the mortgage industry standards organization, seeks industry participants to collaborate on developing standardized language to gain consent for use of tax transcripts by stakeholders throughout the mortgage process.
HUD Proposes Revised ‘Disparate Impact’ Rule
HUD on Friday published a proposed rule to amend the HUD interpretation of the Fair Housing Act’s disparate impact standard.
The Inverted Yield Curve’s Effect on CRE
The recent yield curve inversion may raise concerns about a potential recession, but it is unlikely to harm commercial real estate investors.
FHA Issues New Condo Approval Rule
The Federal Housing Administration yesterday published a new final regulation aimed at relaxing requirements for condominium projects seeking approval for FHA eligibility.
ATTOM: Foreclosures Down by Half from 2016
ATTOM Data Solutions, Irvine, Calif., said properties in foreclosure in the second quarter fell by nearly in half from three years ago.
CoreLogic: Delinquency Rates Steady at 20-Year Low
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: Foreclosure Filings Down 18% in First Half of Year
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.
CMBS Supply-Demand Fundamentals Stable; Freddie Mac Defeasance Jumps
Commercial property market supply and demand fundamentals slipped one point in the first quarter but remained stable, reported Moody’s Investors Service, New York.
New Coastal Homes Raise Flood Risks
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.
