Category: News and Trends

Zillow Inc., Seattle, said buyers paid more than the asking price in 24 percent of U.S. home sales in 2017, netting sellers an additional $7,000 each on average.

Six months after devastating hurricanes hit Texas, Florida and Puerto Rico, homeowners, mortgage lenders and servicers continue to feel residual effects.

Basel III and ongoing regulatory scrutiny led big U.S. banks further away from servicing residential mortgage loans as non-banks swooped in and beefed up their portfolios, said Fitch Ratings, New York, in its latest U.S. residential mortgage-backed securities servicer handbook.

Morningstar Credit Ratings, New York, said lease expirations across single-borrower, single-family rental securitizations declined to 5.2% in November while the average retention rate of expiring leases improved to 79.3%.

Zillow, Seattle, said total U.S. housing stock gained $2 trillion in value in 2017, to $31.8 trillion.

HUD this week released the Homeowners Guide to Success as part of a public-private partnership between federal agencies and industry partners, including the Mortgage Bankers Association.

Black Knight, Jacksonville, Fla., said continued post-hurricane effects from the summer have pushed 90-day mortgage delinquencies to the largest monthly increase since 2008.

This week’s chart examines the operating liquidity of a sample of Independent Mortgage Bank Servicers.

This week’s chart examines the operating liquidity of a sample of Independent Mortgage Bank Servicers.

This week’s chart examines the operating liquidity of a sample of Independent Mortgage Bank Servicers.