Category: News and Trends

SAN DIEGO–A strong final three months of the year helped commercial and multifamily mortgage originations increase by 3 percent in 2018, according to preliminary estimates from the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

The commercial mortgage-backed securities delinquency rate began the year the way it concluded 2018: by dropping again, reported Trepp, New York.

ATTOM Data Solutions, Irvine, Calif., reported more than 14.5 million equity-rich U.S. properties at the end of 2018, an increase of 834,000 from a year ago to the highest level since 2013 when it began tracking data.

SAN DIEGO–The Mortgage Bankers Association said $110.5 billion (6 percent) of the $1.9 trillion in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2019.

SAN FRANCISCO–These are not quiet times for Fannie Mae and Freddie Mac.

Black Knight, Jacksonville, Fla., said all four major performance metrics in its Mortgage Monitor Report–delinquencies, serious delinquencies, active foreclosures and total non-current inventory–ended the year below 2000-2005 pre-recession averages for the first time since the financial crisis.

SAN FRANCISCO–These are not quiet times for Fannie Mae and Freddie Mac.

SAN FRANCISCO–These are not quiet times for Fannie Mae and Freddie Mac.

The Mortgage Bankers Association, in a letter to the Federal Housing Finance Agency, said it supported the agency’s proposed rule to amend existing Federal Home Loan Bank housing goals but urged agency to monitor the rule’s impact on the FHLB Acquired Member Assets programs.

ATTOM Data Solutions, Irvine, Calif., said home sellers in 2018 realized an average home price gain since purchase of $61,000, up from $50,000 last year and up from $39,500 two years ago in 2016 to the highest level since 2006.