Category: News and Trends

Catastrophic activity– hurricanes, wildfires, flooding and other natural catastrophes-occurred at an above-average level for the third straight year in 2018, said CoreLogic, Irvine, Calif.

The Treasury Department and the Internal Revenue Service on Friday issued final regulations providing guidance requested by the Mortgage Bankers Association on the section 199A pass-through deduction included in the Tax Cuts and Jobs Act.

Since the federal government shutdown began on Dec. 22, the Mortgage Bankers Association has worked with the Trump Administration and Congress to minimize its impact on mortgage lenders, servicers and customers. Now, MBA is asking its membership for anecdotal evidence to support its continued efforts.

ATTOM Data Solutions, Irvine, Calif., released its Year-End 2018 U.S. Foreclosure Market Report, which shows foreclosure filings fell by 8 percent in 2018 from the year before and by 78 percent from its 2010 peak.

The Consumer Financial Protection Bureau last week published two reports: one that largely favorably assesses effectiveness of its Ability-to-Repay and Qualified Mortgage Rule; the second that assesses effectiveness of its mortgage servicing rule issued under the Real Estate Settlement Procedures Act.

Homeowner tenure–the time a typical homeowner lives in a home before moving–has more than doubled in the years following the recession and has increased by 10 percent just from a year ago, said First American Financial Corp., Santa Ana, Calif.

A majority of Americans (55%) do not think their personal financial situation will be better in 2019 than it was in 2018, according to a new Bankrate.com report.

Homeowner tenure–the time a typical homeowner lives in a home before moving–has more than doubled in the years following the recession and has increased by 10 percent just from a year ago, said First American Financial Corp., Santa Ana, Calif.

Homeowner tenure–the time a typical homeowner lives in a home before moving–has more than doubled in the years following the recession and has increased by 10 percent just from a year ago, said First American Financial Corp., Santa Ana, Calif.

Michael Bright, whose nomination as President of Ginnie Mae has been in congressional limbo for months, requested yesterday that his nomination be withdrawn.