ATTOM Data Solutions, Irvine, Calif., released its Midyear 2018 U.S. Foreclosure Market Report, which shows 362,275 U.S. properties with foreclosure filings, including default notices, scheduled auctions or bank repossessions in the first six months of 2018, down 15 percent from the same period a year ago and down 78 percent from a peak of 1.654 million in the first six months of 2010.
Category: News and Trends
Declining Mortgage Delinquency Rates as Hurricane-Impacted States Show Improvement
CoreLogic, Irvine, Calif., said mortgage delinquencies continued to decline in April, with only states affected by 2017 hurricanes lagging.
MBA, Trade Groups Urge Congress to Pass Long-Term Flood Insurance Extension
With yet another deadline looming for the National Flood Insurance Program, the Mortgage Bankers Association and nearly two dozen other industry trade groups urged Congress to take action and pass a long-term program extension.
MBA Letter Urges Improvements to Bureau Financial Education Programs
The Mortgage Bankers Association said the Consumer Financial Protection Bureau should improve its delivery channels for dissemination of its financial education programs and eliminate its flawed “rate-checker” tool for consumers.
Mulvaney Taps Brian Johnson as Bureau Acting Deputy Director
It’s been a busy few weeks at the Bureau of Consumer Financial Protection/Consumer Financial Protection Bureau, personnel-wise.
Despite Record Tappable Equity, Borrowing Hits 4-Year Low
Black Knight, Jacksonville, Fla., said despite record-setting levels of “tappable” equity growth in the first quarter, the share of total equity withdrawn by borrowers hit a four-year low.
CRE Transparency Improves Globally; U.S. ‘Most Transparent’
JLL, Chicago, said governments worldwide have been gradually forging greater transparency in real estate markets, addressing growing demands from investors and the public to deliver significant change.
Bureau Says It Will Line up HMDA Exemptions with New Reg Relief Law
The Consumer Financial Protection Bureau yesterday issued a statement signaling its intent to align its Home Mortgage Disclosure Act policies with the recently passed Economic Growth, Regulatory Relief and Consumer Protection Act.
Fitch: U.S. RMBS Rep & Warranties Have ‘Room for Improvement
Fitch Ratings, New York, said some new U.S. residential mortgage-backed securities deals are coming to market of late with rep and warranty frameworks that are showing signs of slippage at a time when they should be taking on greater importance.
CMBS Market in ‘Dog Years’
Conventional wisdom suggests the commercial real estate marketplace operates in 10-year cycles–of which 2018 is Year 10. But new reports on commercial mortgage-backed securities performance indicate a market more in mid-cycle form.