Category: News and Trends

After nearly a decade of low levels of building, housing stock is well short of what the United States needs, said Freddie Mac, McLean, Va.

CoreLogic, Irvine, Calif., said homeowners with negative equity fell to just 81,000 in the third quarter, the smallest quarterly decline since 2010.

ATTOM Data Solutions, Irvine, Calif., said U.S. home flipping fell by 12 percent in the third quarter to the lowest level since 2015.

First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index declined nationally from a year ago, but cautioned that properties damaged by California’s devastating wildfires this summer will likely increase loan defect risk in the near future.

The Federal Housing Finance Agency reported Fannie Mae and Freddie Mac sold 1,740 non-performing loans in the first half of 2018.

Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.

After a brief uptick in October the commercial mortgage-backed delinquency rate resumed its long-term downward trajectory in November, reported Trepp LLC, New York.

Several factors could trigger the next recession, but it’s unlikely a sharp downturn in commercial real estate will be the cause, said Wells Fargo Securities, Charlotte, N.C.

The Mortgage Bankers Association weighed in yesterday on proposed changes to the High Volatility Commercial Real Estate risk-based capital rule, offering recommendations on implementation issues and expressing concerns about certain rule interpretations.

The Federal Housing Finance Agency yesterday announced a nearly 7 percent increase in conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019.