Category: News and Trends

You’ve heard them on the radio or seen them on TV or print–those seemingly endless “disclaimers” issued at blinding speed by some John Moschitta wannabe at the end of an advertisement (or sometimes at the beginning) pushing important, often-unintelligible legal mumbo-jumbo out of the way.

ATTOM Data Solutions, Irvine, Calif., said with fewer homes available, home flipping in the second quarter fell to its lowest level since 2014.

First American Financial Corp., Santa Ana, Calif., reported loan defects in mortgage loan applications decreased by nearly 10 percent from a year ago–and said the real estate finance industry has fintech to thank.

Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the second quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.

Fitch Ratings, New York, said U.S. non-bank mortgage lenders could face further margin pressure as interest rates continue to rise, owing to higher funding costs relative to banks with lower-cost, stable depository funding.

The commercial mortgage-backed securities delinquency rate declined for the third consecutive month due to steady new issuance and few new delinquencies, reported Fitch Ratings, New York.

Mortgage bank performance improved in the second quarter from a dismal first quarter, but fell from a year ago, the Mortgage Bankers Association reported yesterday.

Genworth Mortgage Insurance, Richmond, Va., said despite slowing home sales, first-time homebuyer purchase grew in the second quarter, with conventional mortgages using private mortgage insurance becoming the largest source of credit to first-timers.

S&P Dow Jones Indices and Experian, New York, reported credit default rates for first mortgages and other forms of consumer credit were relatively unchanged in July.

Black Knight, Jacksonville, Fla., said continued hurricane-related cure activity pushed delinquencies to their lowest level in more than 12 years, although foreclosures rose to a three-month high.