Even as Millennials age into their prime home-buying years, they’re still not keeping up with past generations, said Zillow Inc., Seattle. Furthermore, the analysis said, Gen Z could end up overwhelming Millennials in homeownership competition.
Category: News and Trends
ATTOM: November Foreclosure Activity Down 10% from October, 6% from Year Ago
ATTOM Data Solutions, Irvine, Calif., reported U.S. foreclosure activity fell by 10 percent in November from October and by 6 percent from a year ago.
Black Knight: Servicer Retention Rates Fall in Q3 Despite 3-Year High in Refinance Volumes
Black Knight, Jacksonville, Fla., said after hitting an 18-year low in Q4 2018, refinance lending has nearly doubled (+94%) over the past three quarters.
New MBA White Paper Analyzes Commercial Real Estate Market Trends, Outlook
The Mortgage Bankers Association last week released a new white paper, Where From Here?, which examines current economic trends and commercial/multifamily real estate market conditions and summarizes recent comprehensive data–by property type and capital source–reported by MBA’s research team.
CoreLogic: 78,000 Single-Family Properties Regained Equity in 3Q
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages–representing 64% of all properties–saw their equity increase by 5.1% year over year in the third quarter, a gain of nearly $457 billion from a year ago.
CoreLogic: September Mortgage Delinquency Rate Lowest in 20 Years
CoreLogic, Irvine, Calif., released its monthly Loan Performance Insights Report, showing 3.8% of mortgages were in some stage of delinquency in September, an 0.6 percentage point decline from a year ago.
Wolters Kluwer: ‘Substantial Risk, Compliance Concerns’ Remain for U.S. Lenders
Wolters Kluwer, Minneapolis, issued its 2019 Regulatory & Risk Management Indicator, which noted despite a 10-point improvement from 2018, “notable” regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions.
Jane Mason of Clarifire on Natural Disaster Planning and Mortgage Servicing Compliance
Jane Mason, CEO and founder of Clarifire, St. Petersburg, Fla., brings process capabilities to businesses in multiple industries, particularly mortgage servicing.
MBA: 3Q Commercial/Multifamily Mortgage Delinquencies Stay Low
Commercial and multifamily mortgage delinquencies remained low in the third quarter, according to the Mortgage Bankers Association’s quarterly Commercial/Multifamily Delinquency Report.
FHA Raises 2020 Forward, Reverse Loan Limits
The Federal Housing Administration published Mortgagee Letter 2019-19 and Mortgagee Letter 2019-20, which raises the maximum mortgage limits for FHA-insured Title II forward mortgages and Home Equity Conversion Mortgages.