Annual gains in homeowner spending for improvements and repairs are set to “give out” by the second half of next year, according to the Leading Indicator of Remodeling Activity report from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Category: News and Trends
Garth Graham of STRATMOR Group on the Current M&A Market
Garth Graham is a senior partner with STRATMOR Group, a 30-year-old mortgage banking consulting firm. He has more than 30 years’ experience in mortgage banking, ranging from Fortune 500 companies to successful startups.
Black Knight: Delinquencies Down 11% From Year Ago Despite Seasonal Uptick
Black Knight, Jacksonville, Fla., said the national delinquency rate edged up seasonally in September to 3.53%, but fell by 11.2% from a year ago, marking the largest year-over-year decline in eight months.
GSEs Publish Updated Redesigned URLA, Supporting Documents
Fannie Mae and Freddie Mac yesterday published static components of their updated redesigned Uniform Residential Loan Application.
Auction.com: More than Half of Foreclosure Buyers ‘Mom and Pop’ Investors
As the foreclosure crisis from earlier this decade wanes, the profile of purchasers of foreclosed properties has shifted away from larger investment operations to “mom and pop” investors, said Auction.com, Irvine, Calif.
3rd Quarter Foreclosure Activity at Lowest Level Since 2005
ATTOM Data Solutions, Irvine, Calif., reported 143,105 U.S. properties with foreclosure filings in the third quarter, down 6 percent from the previous quarter and down 19 percent from a year ago to the lowest level since Q2 2005.
CIAT Urges Renewal of Terrorism Risk Insurance Act
With the Terrorism Risk Insurance Act set to expire (again) at the end of 2020, the House Financial Services Committee isn’t wasting time in pushing its reauthorization. And neither is the Coalition to Insure Against Terrorism, of which the Mortgage Bankers Association is a member.
MBA, Trade Group CEO Letter Urges Policymakers to Get Housing Reform ‘Right this Time’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, and the leaders of three other major industry trade groups penned a letter yesterday that appeared in American Banker, urging policymakers to take “thoughtful and balanced” approach to housing reform to get it “right this time.”
MBA Letter Lauds FDIC Proposed ‘Safe Harbor’ Rulemaking
The Mortgage Bankers Association, in an Oct. 21 letter to the Federal Deposit Insurance Corp., expressed strong support for a proposed rulemaking that would remove barriers for issuance of private residential mortgage-backed securities without jeopardizing safety and soundness of RMBS sponsors or investors.
How Servicers Can Address Flood Insurance Issues
Today’s regulatory environment can move as fast as flood waters. Helping borrowers find opportunities to reduce or even remove their flood insurance starts with understanding all of the basics around this ever-changing area.