Category: News and Trends

AMELIA ISLAND, FLA.–When the Mortgage Bankers Association’s Independent Mortgage Bankers Conference first began six years ago, it attracted 300 participants. This week, more than 800 IMB representatives have gathered here.

Black Knight, Jacksonville, Fla., said another 60,000 mortgages became 90 days delinquent in December, driven by both continued hurricane-related fallout as well as upward seasonal and calendar-related pressures.

AMELIA ISLAND, FLA.–When the Mortgage Bankers Association’s Independent Mortgage Bankers Conference first began six years ago, it attracted 300 participants. This week, more than 800 IMB representatives have gathered here.

AMELIA ISLAND, FLA.–When the Mortgage Bankers Association’s Independent Mortgage Bankers Conference first began six years ago, it attracted 300 participants. This week, more than 800 IMB representatives have gathered here.

Ellie Mae, Pleasanton, Calif., said the percentage of refinances rose in December, the result of low interest rates and a lack of purchase inventory.

The Mortgage Bankers Association sent a letter of support for a House bill that would provide exemptions for key mortgage products and lenders who originate them.

ATTOM Data Solutions, Irvine, Calif., released its Year-End 2017 U.S. Foreclosure Market Report, which shows foreclosure filings fell by 27 percent from 2016 and down by 76 percent from its peak to the lowest level since 2005.

S&P Dow Jones Indices and Experian, New York, said its Consumer Credit Default Indices jumped in December to its highest level since March, with the bank card default rate rising by 16 basis points.

Equifax, New York, said total first mortgages through the third quarter rose to 4.85 million, a year-over-year increase of 9.9 percent.

The commercial mortgage-backed securities delinquency rate continues to decline–largely due to strong new issuance, continued resolution activity and the slowing pace of new delinquencies–reported Fitch Ratings, New York.