Category: News and Trends

The Mortgage Bankers Association and more than a dozen trade associations asked the Federal Housing Finance Agency to expand use of alternative credit scoring models at Fannie Mae and Freddie Mac.

You’ve heard of the gender gap in pay? According to Redfin, Seattle, the gap occurs in equity building, too.

The Mortgage Bankers Association’s most recent National Delinquency Survey results show continuing resolution of distressed loans and fewer foreclosure starts have helped to reduce the number of loans in the foreclosure process to its lowest level since first quarter 2007.

The Mortgage Bankers Association’s most recent National Delinquency Survey results show continuing resolution of distressed loans and fewer foreclosure starts have helped to reduce the number of loans in the foreclosure process to its lowest level since first quarter 2007.

The percentage of refinance home loans increased three points to 35 percent of all closed mortgages–reversing a two-month dip–reported Ellie Mae, Pleasanton, Calif.

A limited supply of houses has created a highly competitive housing market–which in turn is keeping cash sales significantly above historical norms and dampening mortgage originations, reported Freddie Mac, McLean, Va.

The Federal Housing Finance Agency, Washington, D.C. yesterday announced modifications to the streamlined refinance program for borrowers with high loan-to-value ratios.

More than 14 million U.S. properties were “equity rich”–meaning loans secured by the property were 50 percent or less of market value–in the second quarter, reported ATTOM Data Solutions, Irvine, Calif.

Looming geopolitical tensions and the growing potential for a U.S. government shutdown as well as a technical default pose risks to the economy but are not expected to derail full-year growth of 2.0 percent, according to the Fannie Mae Economic & Strategic Research Group’s August Economic and Housing Outlook.

Commercial property market supply and demand fundamentals remained stable in the first quarter, reported Moody’s Investors Service, New York.