Category: News and Trends

The Mortgage Bankers Association and other industry trade groups urged the Trump Administration to maintain momentum on reforming Fannie Mae and Freddie Mac, expressing concerns that reform efforts appear to be stalling on Capitol Hill.

Florida’s commercial real estate market benefited from long-term preparation when Hurricane Irma hit, reported CBRE, Los Angeles.

Certain changes to the Volcker Rule would better accomplish the rule’s public policy purposes–and protect a foundational element of commercial mortgage-backed securities liquidity–the Mortgage Bankers Association said in a letter to the Office of the Comptroller of the Currency.

CoreLogic, Irvine, Calif., reported 4.5 percent of all mortgages in some stage of delinquency in June, down by 0.8 percentage point from a year ago.

The Trump Administration’s nominee for Federal Housing Commissioner is a familiar face to the housing industry and members of the Mortgage Bankers Association.

ATTOM Data Solutions, Irvine, Calif., reported home flipping in the second quarter fell by nearly 7 percent from the first quarter but was unchanged from a year ago.

The Mortgage Bankers Association’s Research Institute for Housing America released a new special report, Managing Mortgage Product Development Risk.  

Fitch Ratings, New York said Fannie Mae’s and Freddie Mac’s limited exposure to areas affected by Hurricane Harvey and Hurricane Irma makes negative rating actions for GSE Credit Risk Transfer transactions unlikely.

The Mortgage Bankers Association, in response to numerous inquiries from its members, asked HUD to align its re-inspection policies with those of the GSEs and other federal agencies in the wakes of Hurricanes Harvey and Irma.

Black Knight, Jacksonville, Fla., said its preliminary assessment of potential mortgage-related impact from Hurricane Irma shows more than 3.1 million mortgaged properties in Irma disaster areas, representing $517 billion in unpaid principal balances.