The commercial mortgage-backed securities delinquency rate dropped significantly in July after climbing in June and issuance volume remained healthy, reported Trepp and Kroll Bond Rating Agency, New York.
Category: News and Trends
Trulia: Homeownership Gap Between Affluent and Low-Income Americans Shrinks Slightly
The Great Recession caused a dramatic increase in the homeownership gap between high-income and low-income households, but housing and economic growth during the recovery years helped to narrow this gap, said Trulia, Seattle.
Mortgage Delinquency Rate Lowest in Nearly a Decade
Economic ‘tailwinds’ are contributing to healthy mortgage performance, reported CoreLogic, Irvine, Calif., as the delinquency rate fell to its lowest point in nearly a decade.
Black Knight: 10% Down Payment Volume at 7-Year High
Black Knight Financial Services, Jacksonville, Fla., said more than 1.5 million borrowers have purchased homes with 10 percent down payments over the past 12 months, the highest such volume in seven years.
MBA Offers CFPB Recommendations on Proposed HMDA Rule Amendments
The Mortgage Bankers Association, in a letter to the Consumer Financial Protection Bureau, offered recommendations regarding proposed amendments to the Home Mortgage Disclosure Act.
MBA Letter Addresses CFPB Ability-to-Repay/QM Rule Assessment
The Mortgage Bankers Association sent a letter this week to the Consumer Financial Protection Bureau, addressing the Bureau’s Ability-to-Repay/Qualified Mortgage Rule and offering a set of recommendations to improve the rule.
MBA Leads Effort to Redirect Limited English Proficiency Question on Uniform Residential Loan Application
Following a Federal Housing Finance Agency request for input on issues faced by borrowers with limited English proficiency, the Mortgage Bankers Association and other associations raised serious concerns about proposals to add a “Language Preference” question to the Uniform Residential Loan Application.
MBA Call to Action Urges FHFA to Withdraw Question on Limited English Proficiency
The Mortgage Bankers Association’s Mortgage Action Alliance issued a Call to Action, urging members to contact the Federal Housing Finance Agency on a controversial proposed question on Limited English Proficiency in loan applications.
2Q Home Profits Reach 10-Year High
ATTOM Data Solutions, Irvine, Calif., said home sellers in the second quarter saw the highest average price gain in 10 years.
Real Estate Americans’ Favorite Long-Term Investment
When asked the best way to invest money not needed for more than 10 years, more Americans said “real estate” than any other option, albeit not by much.