PALM SPRINGS, CALIF.–With the Mortgage Bankers Association forecasting a drop in mortgage originations in 2017 ($1.6 trillion, compared to $1.9 trillion in 2016), and shifts from a refinance market to a purchase market, it’s time for independent mortgage banks to regroup and re-strategize.
Category: News and Trends
MBA Chart of the Week: Federal Direct Student Loans in Repayment ($B), By Repayment Type
Source: Office of Federal Student Aid; Mortgage Bankers Association. While the first-time homebuyer share of home sales has increased, it is still below typical levels, and many point to student …
MBA Chart of the Week: Federal Direct Student Loans in Repayment ($B), By Repayment Type
Source: Office of Federal Student Aid; Mortgage Bankers Association. While the first-time homebuyer share of home sales has increased, it is still below typical levels, and many point to student …
MBA Chart of the Week: Federal Direct Student Loans in Repayment ($B), By Repayment Type
Source: Office of Federal Student Aid; Mortgage Bankers Association. While the first-time homebuyer share of home sales has increased, it is still below typical levels, and many point to student …
Fitch: CMBS Delinquencies Dropped 21% in 2016
The commercial mortgage-backed securities delinquency rate closed out 2016 down 21 percent by balance from year-end 2015, but late-pays could reverse course in 2017, reported Fitch Ratings, New York.
FHFA Requests Input on Duty to Serve Program
The Federal Housing Finance Agency on Wednesday requested public input on chattel loan pilot initiatives for Fannie Mae and Freddie Mac and its proposed Evaluation Guidance under the final rule on Duty to Serve Underserved Markets.
Report: Foreclosed Home Costs Exceed $170,000
A white paper from Community Blight Solutions, Cleveland, Ohio, estimates that the typical foreclosed home imposes costs of more than $170,000 and that simple remedies can effectively mitigate declines in property values and increases in crime.
‘Strong, Stable’ Growth for 2017 Home Improvement/Repair Markets
Reports from the Joint Center for Housing Studies at Harvard University and the National Association of Home Builders forecast a strong and stable market for home improvement and repair in 2017.
CoreLogic: Foreclosures, Inventory Continue to Drop
CoreLogic, Irvine, Calif., said completed foreclosures in November fell to 26,000 and the foreclosure inventory fell by 30 percent from a year ago and by nearly 80 percent from its crisis peak.
HOPE NOW: Loan Mods Rise in November
HOPE NOW reported an increase in mortgage modification actions, as well as foreclosure actions, in November, but noted that serious delinquencies continued to fall toward pre-crisis levels.