Category: News and Trends

Mortgage Bankers Association President and CEO David Stevens, CMB, issued the following statement regarding the HUD Office of Inspector General Audit of Ginnie Mae’s Oversight of Nonbanks:

MIAMI–ACES Risk Management, Pompano Beach, Fla., said critical loan defect rates continued to increase in the first quarter.

Total commercial/multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter, an increase of $48.7 billion, or 1.6%, from the first quarter, the Mortgage Bankers Association reported this morning.

MIAMI–The financial crisis that began in 2007-styled as the Great Recession, put housing in the crosshair, with some analysts asserting government policies aimed at increasing first-time home buyers were to blame. But research from the Urban Institute, Washington, D.C., points to the contrary.

The House yesterday passed a bill containing Mortgage Bankers Association-supported language that would strengthen and expand the private flood insurance market.

Commercial real estate property fundamentals generally remained strong in the second quarter, but the pace of improvement ‘downshifted’ from earlier periods, the Mortgage Bankers Association Commercial/Multifamily DataBook reported this morning.

The 2016 Home Mortgage Disclosure Act data were released late last week, along with a separate Federal Reserve analysis of the data. Here are some initial highlights:

MIAMI–The government, it’s been said, moves slowly. But sometimes, the results are worth the wait.

Black Knight, Jacksonville, Fla., said the twin impacts of Hurricanes Harvey and Irma have had significantly different impacts on Texas and Florida, respectively.

The commercial mortgage-backed securities delinquency rate fell again in September–the third straight month–reported Trepp LLC, New York.