Category: News and Trends

Home equity has surpassed the previous peak of $13.4 trillion from first quarter 2006 during the past year, recovering from the great price correction that more than halved home equity positions.

Home equity has surpassed the previous peak of $13.4 trillion from first quarter 2006 during the past year, recovering from the great price correction that more than halved home equity positions.

Black Knight, Jacksonville, Fla., said mortgage delinquencies fell sharply in January, although they remain higher than a year ago.

Commercial property market supply and demand fundamentals remained relatively stable in the third quarter, reported Moody’s Investors Service, New York.

Composite default rates, driven largely by a spike in bank card defaults but also in first mortgage defaults, increased in January, reported S&P Down Jones and Experian, New York.

U.S. residential markets affected by strong hurricanes in 2017 are trending toward recovery, said Fitch Ratings, New York.

The House yesterday passed a Mortgage Bankers Association-supported bill that amends the TILA/RESPA Integrated Disclosure rule and support flexibility for mortgage loan originators.

CoreLogic, Irvine, Calif., said 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in November, just slightly below the level from a year ago.

More than 130 mortgage banking leaders from 40 states, including current and former officers of the Mortgage Bankers Association, sent an open letter to Congress Tuesday emphasizing the need for comprehensive secondary mortgage market reform.

DALLAS–You’ve seen it with Uber, Amazon and other companies bringing new models to traditional businesses. And disruption is already rampant in the mortgage servicing industry.