Category: News and Trends

On January 18, the Treasury Department and the Internal Revenue Service issued final regulations providing guidance on the section 199A pass-through deduction included in the Tax Cuts and Jobs Act. The final regulations provide clarity on certain matters of importance to the Mortgage Bankers Association and its members.

CoreLogic, Irvine, Calif., said 4.1 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in November, down by 1.1 percentage point from a year ago, when it was 5.2 percent.

SAN DIEGO–A strong final three months of the year helped commercial and multifamily mortgage originations increase by 3 percent in 2018, according to preliminary estimates from the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

The commercial mortgage-backed securities delinquency rate began the year the way it concluded 2018: by dropping again, reported Trepp, New York.

ATTOM Data Solutions, Irvine, Calif., reported more than 14.5 million equity-rich U.S. properties at the end of 2018, an increase of 834,000 from a year ago to the highest level since 2013 when it began tracking data.

SAN DIEGO–The Mortgage Bankers Association said $110.5 billion (6 percent) of the $1.9 trillion in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2019.

SAN FRANCISCO–These are not quiet times for Fannie Mae and Freddie Mac.

Black Knight, Jacksonville, Fla., said all four major performance metrics in its Mortgage Monitor Report–delinquencies, serious delinquencies, active foreclosures and total non-current inventory–ended the year below 2000-2005 pre-recession averages for the first time since the financial crisis.

SAN FRANCISCO–These are not quiet times for Fannie Mae and Freddie Mac.

SAN FRANCISCO–These are not quiet times for Fannie Mae and Freddie Mac.