A major share of homeowners has a new home purchase in mind in the coming years. Another group plan to downsize by renting, according a survey by LendingTree, New York.
Category: News and Trends
#CREF2020: PNC, Wells Fargo Lead MBA 2019 Year-End Commercial/Multifamily Servicer Rankings
SAN DIEGO–The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31, here at the MBA 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
MBA: 4Q Mortgage Delinquencies Fall to 40-Year Low
Mortgage delinquency rates for loans on one-to-four-unit residential properties in the fourth quarter fell to the lowest level since the Mortgage Bankers Association began tracking such data.
#CREF2020: PNC, Wells Fargo Lead MBA 2019 Year-End Commercial/Multifamily Servicer Rankings
SAN DIEGO–The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31, here at the MBA 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
#CREF2020: MBA Says 2020 Commercial/Multifamily Mortgage Maturity Volumes to ‘Return to Normalcy’
SAN DIEGO—The Mortgage Bankers Association said $163.2 billion of the $2.2 trillion (7 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2020, a 48 percent increase from the $110.5 billion that matured in 2019.
MBA: Commercial/Multifamily Borrowing Hits New High to Close Out 2019
SAN DIEGO–-A 7 percent increase in commercial and multifamily mortgage originations in the fourth quarter capped off a strong 2019 for the market, according to preliminary estimates from the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Gen Z Displays Strong Appetite for Credit; Millennials Refinance Less (For Now)
TransUnion, Chicago, said Generation Z consumers—those born in or after 1995—are actively seeking credit despite many of them growing up during severe economic recessions in their respective global markets.
MBA Updates Documents on IMB Advocacy
The Mortgage Bankers Association issued updated versions of two documents that illustrate the association’s ongoing efforts to highlight the vital role of independent mortgage banks in the mortgage industry.
The Pendulum Swings Back: Homeowners 4X Likely to be Equity-Rich than Seriously Underwater
In another sign of the times that the housing market—and homeowners—have largely recovered, ATTOM Data Solutions, Irvine, Calif., said equity-rich properties now outnumber seriously underwater properties by a four-to-one margin.
#MBAIMB20: ‘Speeches about Breaches’–Security Risks in the IMB Backyard
NEW ORLEANS—Data breaches aren’t going away. For independent mortgage banks and other financial institutions, the likelihood of being hacked is more likely “when,” not “if.”