Category: News and Trends

Zillow Inc., Seattle, said rising home values are freeing homeowners from negative equity, allowing them to re-enter the market, but 11 percent of homeowners remain upside-down, or underwater, on their property.

Fitch Ratings, New York, said “strong due diligence is firmly in place” for most post-crisis U. S. residential mortgage-backed securities.

An explosion of mobile capabilities, a worldwide financial crisis that shook consumer confidence and a still-developing regulatory response have changed the way customers interact with their banks.

Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter, according the Mortgage Bankers Association reported this morning in its Third Quarter Commercial/Multifamily Delinquency Report.

ATTOM Data Solutions, Irvine, Calif., reported nearly 46,000 single-family and condo home flips in the third quarter, down from a six-year high in the second quarter and down slightly from a year ago.

CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent.

Freddie Mac announced yesterday that it successfully implemented Release 1 of the Common Securitization Platform.

Donald Trump’s surprise victory has understandably created a great deal of speculation as to what the regulatory landscape will look like going forward. But while our industry has been absorbing this news, they may have missed some important signals that suggest regulators, in the near term, will be taking a much harder look at compliance management systems in upcoming examinations.

Commercial mortgage-backed securities loans maturing in December could suffer from a decrease in liquidity as issuers wrestle with the upcoming risk-retention rule, said Morningstar Credit Ratings, Chicago.

Black Knight Financial Services, Jacksonville, Fla., said the recent surge in the 30-year fixed mortgage rate knocked another 700,000 homeowners out of the “refinanceable” population.