Category: News and Trends

This is the final issue of MBA Servicing NewsLink for 2018. MBA offices will be closed the week of Dec. 24 for the holidays and will reopen on Wednesday, Jan. 2, 2019.

The Trump Administration this week signaled it intended to nominate Mark Calabria, a longtime Washington policy operative who currently serves as Vice President Mike Pence’s chief economist, as Director of the Federal Housing Finance Agency.

The Trump Administration this week signaled it intended to nominate Mark Calabria, a longtime Washington policy operative who currently serves as Vice President Mike Pence’s chief economist, as Director of the Federal Housing Finance Agency.

Black Knight, Jacksonville, Fla., said softening home prices in equity-rich markets led to the first decline in tappable housing equity since the housing recovery began.

Freddie Mac, McLean, Va., and Fannie Mae, Washington, D.C. yesterday announced nationwide suspension of eviction lock-outs between Dec. 17, 2018 and Jan. 2, 2019.

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.