Category: News and Trends

The Mortgage Bankers Association offered recommendations to the Rural Housing Service as it mulls changes to its Single-Family Housing Guaranteed Loan Program/Single Close Combination Construction to Permanent Loans program.

The persistent lack of adequate housing inventory in the U.S. has its roots in the 2007-2008 financial crisis, said Zillow Inc., Seattle.

Economists have found many ways to quantify the economic effects of the 2007-2008 financial crisis, but one number in particular stands out: $70,000.

Ahead of Thursday’s release of the Mortgage Bankers Association’s National Delinquency Survey, CoreLogic, Irvine, Calif., said overall foreclosure and delinquency rates fell to 12-year lows. But it also noted 2018 wildfires in California and other western states are “outpacing” the devastating fires of 2017, putting potentially thousands of mortgages at risk.

The Bureau of Consumer Financial Protection (Consumer Financial Protection Bureau) on Friday finalized amendments to implement legislation that allows financial institutions that meet certain requirements to be exempt from sending annual privacy notices to their customers.

ATTOM Data Solutions, Irvine, Calif., reported 5.5 million U.S. properties as “seriously underwater” in the second quarter, representing 10.1 percent of all properties with a mortgage.

Commercial property market supply and demand fundamentals remained relatively stable in the first quarter, said Moody’s Investors Service, New York.

The Federal Housing Finance Agency extended the public comment period for the Agency’s proposed rule on Enterprise Capital Requirements by an additional 60 days, citing “high level of interest in the proposed rule and requests from multiple stakeholders for more time to evaluate it.”

The commercial mortgage-backed securities delinquency rate is likely to fall further to finish 2018 between 2.25 percent and 2.75 percent, said Fitch Ratings, New York.

Despite substantial investments in technology aimed at improving the mortgage servicing experience, overall mortgage servicer satisfaction has been flat so far in 2018, said J.D. Power, Costa Mesa, Calif.