The Leading Indicator of Remodeling Activity from the Joint Center for Housing Studies of Harvard University, Cambridge, Mass., projects homeowner spending on improvements and repairs will approach $340 billion in 2018, an increase of 7.5 percent from estimated 2017 spending.
Category: News and Trends
‘Hurricane Effect’ Aside, Mortgage Performance Improved in 2017
Despite a triple whammy of summer hurricanes, along with California wildfires that drove up mortgage delinquencies toward year-end, the overall rate of mortgage delinquencies and foreclosures fell in 2017, said Black Knight, Jacksonville, Fla.
Survey: Only Half of Home Equity Loans Go to Home Improvement
A survey from LendEDU, Hoboken, N.J., found little more than half of consumers who take out home equity loans use those funds for home improvement projects.
MBA-Supported Senate Bill Would Restore Captive Insurance Companies in FHLB System
A bill introduced this week in the Senate would restore captive insurance companies’ membership in the Federal Home Loan Bank system, a provision strongly supported by the Mortgage Bankers Association.
ARMCO: Critical Loan Defect Rates Increase for Third Consecutive Quarter
ACES Risk Management, Pompano Beach, Fla., released its Mortgage QC Trends Report for second quarter 2017, noting the critical defect rate increased for the third consecutive quarter.
CSBS Head: IMBs Should Expect ‘Reasonable,’ ‘Robust’ Supervision
AMELIA ISLAND, FLA.–John Ryan, President and CEO of the Conference of State Bank Supervisors, said in the decade since the financial crisis, the non-bank (independent) mortgage bank has emerged as a major player in the real estate finance industry.
CSBS Head: IMBs Should Expect ‘Reasonable,’ ‘Robust’ Supervision
AMELIA ISLAND, FLA.–John Ryan, President and CEO of the Conference of State Bank Supervisors, said in the decade since the financial crisis, the non-bank (independent) mortgage bank has emerged as a major player in the real estate finance industry.
CSBS Head: IMBs Should Expect ‘Reasonable,’ ‘Robust’ Supervision
AMELIA ISLAND, FLA.–John Ryan, President and CEO of the Conference of State Bank Supervisors, said in the decade since the financial crisis, the non-bank (independent) mortgage bank has emerged as a major player in the real estate finance industry.
CMBS Payoffs Likely to Increase
The payoff rate for securitized commercial real estate mortgages should bounce back this year following two years of weak performance, said Morningstar Credit Ratings, New York.
Zillow: U.S. Housing Market Gains Back All $9 Trillion in Value Lost During Recession
Zillow, Seattle, said the U.S. housing market has gained back all $9 trillion in value it lost when the market collapsed, but the uneven nature of the crisis and subsequent recovery has left many housing markets trailing behind, while others surge further ahead.