Category: News and Trends

Commercial and multifamily mortgage delinquencies remained at a low rate in the final three months of 2018, according to the Mortgage Bankers Association’s 4th Quarter Commercial/Multifamily Delinquency Report.

Fannie Mae and Freddie Mac yesterday announced they will begin accepting forward Uniform Mortgage-Backed Security trades with a trade date on or after March 12 and settlement dates on or after June 3.

CoreLogic, Irvine, Calif., said despite elevated delinquency rates in areas affected by hurricanes and wildfires, overall delinquency and foreclosure rates fell to levels not see since 2000.

The commercial mortgage-backed securities delinquency rate crossed another threshold in February, falling below 3 percent for the first time since May 2009, reported Trepp, New York.

CoreLogic, Irvine, Calif., said while U.S. homeowners with mortgages saw their equity increase in the fourth quarter, the number of homeowners with negative equity increased for the first time in three years.

Amid worsening affordability in the U.S., people in the Washington, D.C., metro area have the most money left over after they pay their mortgage, said Zillow Inc., Seattle.

The Mortgage Bankers Association and nearly a dozen industry trade groups asked federal agencies to delay the January 2020 implementation of controversial accounting standard, saying more analysis of potential consequences to lenders and consumers is needed.

The Consumer Financial Protection Bureau yesterday issued an Advance Notice of Proposed Rulemaking on residential Property Assessed Clean Energy (PACE) financing.

ORLANDO–Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said the mortgage servicing industry needs clear and definable standards to improve customer service and reduce costs. “Alignment of servicing standards …

ATTOM Data Solutions, Irvine, Calif., said home flipping activity fell in 2018 by nearly 4 percent from a year earlier to its lowest level since 2011.