Category: News and Trends

The Federal Housing Finance Agency yesterday said Fannie Mae and Freddie Mac will start issuing a new, common security, the Uniform Mortgage-Backed Security, beginning June 3, 2019.

MISMO, the Mortgage Industry Standards Maintenance Organization, invites mortgage industry participants to collaborate in a new effort to create a more trustworthy, verifiable process that provides assurance that loan documents and associated data are consistent, reliable and unaltered.

The Federal Housing Finance Agency released its fourth quarter Foreclosure Prevention Report, showing Fannie Mae and Freddie Mac completed 67,569 foreclosure prevention actions in the fourth quarter, bringing the total number of homeowners helped to 4.040 million since the start of the conservatorships in September 2008.

The House Financial Services Committee this week approved eight bills, including several of interest to members of the Mortgage Bankers Association.

Black Knight, Jacksonville, Fla., said delinquencies related to last summer’s hurricane persist well into this year, although foreclosures continue to fall and mortgage prepays hit a four-year low.

Commercial mortgage-backed securities liquidation volume fell in February to the lowest level in nine months, reported Trepp, New York.

Fannie Mae, Washington, D.C., said mortgage lenders reported a net negative profit margin outlook for the sixth consecutive quarter, matching the record low reading from Q4 2016.

CoreLogic, Irvine, Calif., said home price growth helped homeowners gain $908 billion in equity during 2017.

After weeks–make that months–of debate, negotiations, markups and amendments, the Senate yesterday passed a sweeping regulatory relief package.

CoreLogic, Irvine, Calif., reported early stage delinquencies rose slightly in December, but seriously delinquent delinquencies and foreclosures fell.