The commercial mortgage-backed securities delinquency rate posted a rare increase in March, but it was modest, said Trepp Senior Managing Director Manus Clancy.
Category: News and Trends
Study: Lenders Need to Capitalize on Potential Home Equity Boom
With the number of American consumers expected to take out a home equity line of credit projected to double to 10 million over the next five years, lenders need to improve digital offerings if they want to capitalize on the trend, said J.D. Power, Costa Mesa, Calif.
Outstanding First Mortgage Balances Near Pre-Recession Highs
Equifax, Atlanta, said outstanding first mortgage balances in February reached $8.81 trillion, edging closer to the record high $9.04 trillion in 2008.
2017 U.S. Levied Property Taxes at Nearly $300 Billion
ATTOM Data Solutions, Irvine, Calif., said U.S. property taxes levied on single-family homes in 2017 increased by 6 percent to $293 billion.
‘Tappable’ Equity Hits Record $5.4 Trillion
Black Knight, Jacksonville, Fla., said the nation’s ‘tappable’ equity saw the greatest calendar-year increase in 2017, rising by $735 billion to a record $5.4 trillion.
FHFA Cites ‘Tremendous Progress’ on Fannie, Freddie Credit Risk Transfers
The Federal Housing Finance Agency issued its quarterly Credit Risk Transfer Progress Report, noting Fannie Mae and Freddie Mac have made “tremendous progress” in credit risk transfer from strong private-sector demand.
FHFA Confirms June 2019 Implementation of Uniform Mortgage-Backed Security
The Federal Housing Finance Agency yesterday said Fannie Mae and Freddie Mac will start issuing a new, common security, the Uniform Mortgage-Backed Security, beginning June 3, 2019.
MISMO Launches Effort to Enhance Trust in Digital Process
MISMO, the Mortgage Industry Standards Maintenance Organization, invites mortgage industry participants to collaborate in a new effort to create a more trustworthy, verifiable process that provides assurance that loan documents and associated data are consistent, reliable and unaltered.
FHFA: Fannie Mae, Freddie Mac Foreclosure Preventions Surpass 4 Million
The Federal Housing Finance Agency released its fourth quarter Foreclosure Prevention Report, showing Fannie Mae and Freddie Mac completed 67,569 foreclosure prevention actions in the fourth quarter, bringing the total number of homeowners helped to 4.040 million since the start of the conservatorships in September 2008.
House Financial Services Committee Advances Eight Bills
The House Financial Services Committee this week approved eight bills, including several of interest to members of the Mortgage Bankers Association.