Category: News and Trends

Quicken Loans, Detroit, said its National Home Price Perception Index showed perceptions between appraised values and homeowner estimates remained close and held steady in August.

The Federal Housing Finance Agency yesterday issued a proposed rule to require Fannie Mae and Freddie Mac to align programs, policies and practices that affect prepayment rates of “To-Be-Announced”-eligible mortgage-backed securities.

The Consumer Financial Protection Bureau yesterday issued an interim rule updating two model disclosures to reflect changes made to the Fair Credit Reporting Act by the Economic Growth, Regulatory Relief and Consumer Protection Act.

CoreLogic, Irvine, Calif., reported a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, the seventh consecutive quarterly increase.

In a letter to the Department of Agriculture, the Mortgage Bankers Association offered a series of recommendations on a proposed Guarantee Systems User Fee in the Rural Housing Service’s Single-Family Section 502 Guaranteed Loan Program.

For the overwhelming majority of Americans–and mortgage lenders and servicers–there’s more good news on mortgage delinquencies and foreclosures.

The commercial mortgage-backed securities delinquency rate fell again in August for the sixth consecutive month, but large loans liquidated with high loss severities drove up the second quarter’s loss severity figure, analysts said.

Black Knight, Jacksonville, Fla., said despite slower home price growth, U.S. tappable equity surpassed $6 trillion for the first time, impacting 44 million homeowners with mortgages.

Homeowners in white, minority and mixed-race neighborhoods posted substantial gains in home equity between 2012 to 2018, said Redfin, Seattle.

Higher home values and rising mortgage rates are eroding housing affordability for homebuyers, especially in hot West Coast markets, said Zillow Inc., Seattle.