Summer hurricanes and payment timing issues drove an uptick in early stage mortgage delinquencies, the Mortgage Bankers Association reported Friday.
Category: News and Trends

MBA Offers Recommendations on CFPB Draft Strategic Plan
The Mortgage Bankers Association offered comments and recommendations to the Consumer Financial Protection Bureau on its Draft Strategic Plan for Fiscal Years 2018-2022.

Black Knight: Delinquency Rates Rise 2nd Straight Month
Black Knight, Jacksonville, Fla., said residual impact of summer hurricanes triggered a second consecutive monthly increase in mortgage delinquencies.

Fannie Mae, Freddie Mac Will Re-Enter LIHTC Market
The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac limited re-entry into the Low-Income Housing Tax Credit market as equity investors effective immediately, the agency said.

Fannie Mae, Freddie Mac Will Re-Enter LIHTC Market
The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac limited re-entry into the Low-Income Housing Tax Credit market as equity investors effective immediately, the agency said.

House Passes MBA-Supported Bill Clarifying Commercial Real Estate Loans Act
The House, by voice vote yesterday, passed H.R. 2148, the Clarifying Commercial Real Estate Loans Act, which had strong support from the Mortgage Bankers Association.

MBA, Trade Groups Take Business Interest Deduction Battle to Senate
Even as the House Ways and Means Committee approved a House Republican-led measure to rewrite the nation’s tax code, the Mortgage Bankers Association and a coalition of industry trade groups appealed to Senate leadership to ensure that a key provision–the ability for businesses to maintain full interest deductibility–remain intact in the Senate version.

Rising Home Prices Puts Strain on Buyers’ Savings
For homeowners, rising home prices means more home equity. For prospective home buyers, it means finding ways to save more money just to make a down payment.

Lenders One: Info Security, Data Protection Weigh Heavily on Members
The Lenders One Cooperative, St. Louis, said an annual poll of its membership shows information security and data protection have become a central concern.

CMBS Supply/Demand Stable; Delinquency Rate Drops
Commercial property market supply and demand fundamentals remained relatively stable in the second quarter, reported Moody’s Investors Service, New York.