Category: News and Trends

Returns on life company commercial mortgage investments rebounded in the first quarter to generate a 1.60 percent total return, the LifeComps Commercial Mortgage Index, Boston, reported.

CoreLogic, Irvine, Calif., said nearly 91,000 homeowners regained equity in the first quarter, bringing the total number of homeowners who have regained equity to nearly nine million.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production profits of 10.4 basis points ($224 on each loan they originated) in the first quarter.

ATTOM Data Solutions, Irvine, Calif., estimated $3.5 billion in loans for home flipping took place in the first quarter, reaching a nine-year high.

Commercial and multifamily real estate finance professionals will visit Washington, D.C. next week to present the 2017 Mortgage Bankers Association Policy Priorities to policymakers during the MBA National Advocacy Conference.

In a June 12 letter to the U.S. Department of Veterans Affairs, the Mortgage Bankers Association called on the VA to review its allowable fees policy for veterans, which have remained unchanged for 63 years.

ATTOM Data Solutions, Irvine, Calif., said foreclosure filings ticked up in May but fell sharply from a year ago.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production profits of 10.4 basis points ($224 on each loan they originated) in the first quarter.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production profits of 10.4 basis points ($224 on each loan they originated) in the first quarter.

The Mortgage Bankers Association, in a letter to the Consumer Financial Protection Bureau, expressed concerns with the Bureau’s proposed amendments to the Home Mortgage Disclosure Act, saying that many MBA member companies have not had sufficient time to prepare for the numerous changes required.