Category: News and Trends

The Mortgage Bankers Association released a new MBANow video featuring MBA Associate Vice President and Managing Regulatory Counsel Justin Wiseman, who discusses recent requests for information issued by the Consumer Financial Protection Bureau.

The Mortgage Bankers Association released a new MBANow video featuring MBA Associate Vice President and Managing Regulatory Counsel Justin Wiseman, who discusses recent requests for information issued by the Consumer Financial Protection Bureau.

CoreLogic, Irvine, Calif., said mortgage delinquencies fell in January as the impact from 2017 hurricanes and wildfires faded.

The Mortgage Bankers Association and nearly two dozen other industry trade groups expressed support for a bill that would alter governance of the Consumer Financial Protection Bureau from a single director to a five-person, bipartisan commission.

The commercial mortgage-backed securities delinquency rate posted a rare increase in March, but it was modest, said Trepp Senior Managing Director Manus Clancy.

With the number of American consumers expected to take out a home equity line of credit projected to double to 10 million over the next five years, lenders need to improve digital offerings if they want to capitalize on the trend, said J.D. Power, Costa Mesa, Calif.

Equifax, Atlanta, said outstanding first mortgage balances in February reached $8.81 trillion, edging closer to the record high $9.04 trillion in 2008.

ATTOM Data Solutions, Irvine, Calif., said U.S. property taxes levied on single-family homes in 2017 increased by 6 percent to $293 billion.

Black Knight, Jacksonville, Fla., said the nation’s ‘tappable’ equity saw the greatest calendar-year increase in 2017, rising by $735 billion to a record $5.4 trillion.

The Federal Housing Finance Agency issued its quarterly Credit Risk Transfer Progress Report, noting Fannie Mae and Freddie Mac have made “tremendous progress” in credit risk transfer from strong private-sector demand.