Black Knight, Jacksonville, Fla., said seriously past-due loans fell to pre-recession levels as October mortgage delinquencies fell by nearly 18 percent from a year ago, while foreclosure starts saw an uptick.
Category: News and Trends
MBA, Trade Groups Urge Senate Approval of Ginnie Mae Nominee
The Mortgage Bankers Association and 30 industry trade groups sent a letter to Senate leaders urging approval of Michael Bright as Ginnie Mae President.
MBA, Trade Groups Urge Senate Approval of Ginnie Mae Nominee
The Mortgage Bankers Association and 30 industry trade groups sent a letter to Senate leaders urging approval of Michael Bright as Ginnie Mae President.
MBA, Trade Groups Urge Senate Approval of Ginnie Mae Nominee
The Mortgage Bankers Association and 30 industry trade groups sent a letter to Senate leaders urging approval of Michael Bright as Ginnie Mae President.
MBA, Real Estate Groups Urge Support for Invest in America Act
The Mortgage Bankers Association and 16 other real estate organizations urged Congress to support the bipartisan Invest in America Act (H.R. 6726) recently introduced by Kenny Marchant, R-Texas, and Joseph Crowley, D-N.Y.
MBA Letters Address GSE Capital Requirements; Single Security; CRA Reforms
The Mortgage Bankers, in a series of letters to federal agencies, offered recommendations to the Federal Housing Finance Agency on its proposed capital requirements for the government-sponsored enterprises (Fannie Mae and Freddie Mac); the FHFA proposed rule on the GSEs’ Uniform Mortgage-Backed Security; and the Office of the Comptroller of the Currency’s proposed rule to revamp the Community Reinvestment Act.
CMBS Supply-Demand Fundamentals Stable
Commercial property market supply and demand fundamentals remained relatively stable in the second quarter, said Moody’s Investors Service, New York.
MBA, Trade Groups Press Congress on Flood Insurance Program Extension
More than two dozen industry trade groups joined the Mortgage Bankers Association in a letter to House and Senate leaders, urging them to extend the National Flood Insurance Program beyond its latest expiration date (Nov. 30).
UI Paper Makes Case for Uniform Mortgage Servicing Data Standards
A new paper from the Urban Institute, Washington, D.C., said uniform data standards for mortgage servicers would benefit consumers, increase data accuracy, lower risk of errors and offset “skyrocketing” servicing costs.
CoreLogic: Mortgage Delinquency, Foreclosure Rates at 12-Year Low
CoreLogic, Irvine, Calif., said 4 percent of mortgages nationally were in some stage of delinquency in August, the lowest rate since 2006.