Category: News and Trends

The commercial mortgage-backed securities delinquency rate rose for the third consecutive month in February, edging up three basis points to 3.04 percent, reported Morningstar Credit Ratings, Chicago.

The Mortgage Bankers Association and nearly a dozen other industry trade groups sent a letter yesterday in support of proposed House legislation that would clarify High Volatility Commercial Real Estate provisions under the Basel III rule.

The Mortgage Bankers Association last week submitted a comment letter to the Maryland Department of Labor, Licensing and Regulation, expressing concerns over a proposed rule that would impact several areas of mortgage industry supervision.

CoreLogic, Irvine, Calif., said mortgage loans originated in the fourth quarter are among the highest-quality home loans originated since 2001.

Composite consumer default rates rose in February, the S&P/Experian Consumer Credit Default Indices reported yesterday.

The Federal Housing Finance Agency yesterday delayed until second quarter 2019 for Release 2 of its Common Securitization Platform for Fannie Mae and Freddie Mac.

Black Knight Financial Services, Jacksonville, Fla., said mortgage servicing activity continued to improve in February, with declines in delinquencies, foreclosures and prepayment activity.

First American Financial Corp., Santa Ana, Calif., said increased shares of higher-risk purchase transactions and the potential for more adjustable-rate mortgages amid the expected strong spring market means mortgage lenders should remain watchful for defect and fraud risk.

Ten years into what proved to be the worst housing crisis in U.S. history, CoreLogic, Irvine, Calif., says the housing market it beginning to “normalize.”

ATTOM Data Solutions, Irvine, Calif., reported foreclosure activity in February fell to its lowest level since November 2005.