Following a brief increase in March, the commercial mortgage-backed securities delinquency rate resumed its downward trajectory in April, reported Trepp, New York.
Category: News and Trends
For Home Buyers with Lower Credit Scores, a Higher Cost of Ownership
Home buyers with a lower credit score pay thousands of dollars more for the same home than a buyer with an excellent credit score, said Zillow Inc., Seattle.
MBA Releases Disaster Recovery Guide
The Mortgage Bankers Association released a new consumer-facing information brochure, Disaster Recovery: A Resource for Homeowners, available for use by all MBA members, counseling groups, government agencies and organizations that offers assistance and advice to homeowners in the aftermath of a natural disaster.
Fitch: U.S. RMBS Risk Diverging on Recent Investor Loans
A rise in non-traditional or no income borrower documentation has led to significant variation in the credit risk of recently originated investor property loans in U.S. residential mortgage-backed securities deals, said Fitch Ratings, New York.
After Years of Growth, Single-Family Rentals ‘Stabilizing’
In the wake of the housing crisis, single-family homes grew to more than one-third of U.S. rental stock nationwide. Now, says the Joint Center for Housing Studies at Harvard University, that dramatic growth has stabilized.
MBA Urges CFPB to Improve Administrative Adjudication Processes
The Mortgage Bankers Association, in a May 7 letter to the Consumer Financial Protection Bureau, urged the Bureau to emphasize fairness over speed in its administrative adjudication process to ensure against unintended consequences and protect due process.
CoreLogic: Declining Foreclosure Rates Signal Strong Economy
Despite the devastating 2017 hurricanes, CoreLogic, Irvine, Calif., said the national mortgage delinquency rate fell year over year and fell again month over month.
Seriously Underwater Properties Down, Equity-Rich Properties Up
ATTOM Data Solutions, Irvine, Calif., said more than 5.2 million U.S. properties remained seriously underwater at the end of the first quarter, an improvement of nearly 300,000 from a year ago.
‘It’s Our Day to Tell Our Story’
Nearly 400 MBA members from across the country met last week in Washington to hear from elected officials and federal agencies. Following a morning “pep rally” yesterday, participants flocked to Capitol Hill to meet with their members of Congress and staffs to discuss key real estate finance issues.
‘It’s Our Day to Tell Our Story’
Nearly 400 MBA members from across the country met last week in Washington to hear from elected officials and federal agencies. Following a morning “pep rally” yesterday, participants flocked to Capitol Hill to meet with their members of Congress and staffs to discuss key real estate finance issues.