Category: News and Trends

The Mortgage Bankers Association, in a separate letter and with a coalition of industry trade groups, urged members of the House Financial Services Committee to support legislation that would clarify and amend the High Volatility Commercial Real Estate bank capital rule.

Two reports this week said foreclosure and delinquency rates on mortgages fell to levels not seen since before the Great Recession.

Strong new issuance volume led to a decline in the U.S. commercial mortgage-backed securities delinquency rate last month, reported Fitch Ratings, New York.

The Mortgage Bankers Association, in a letter this week to the Consumer Financial Protection Bureau, offered recommendations on how the Bureau could improve the TILA-RESPA Integrated Disclosure rule, known as TRID or “Know Before You Owe.”

CoreLogic, Irvine, Calif., reported 4.6 percent of U.S. mortgages in some stage of delinquency in July, down by nearly 1 percent from a year ago.

The Mortgage Bankers Association, in a separate letter and with a coalition of industry trade groups, urged members of the House Financial Services Committee to support legislation that would clarify and amend the High Volatility Commercial Real Estate bank capital rule.

CoreLogic, Irvine, Calif., reported 4.6 percent of U.S. mortgages in some stage of delinquency in July, down by nearly 1 percent from a year ago.

The Mortgage Bankers Association, in a separate letter and with a coalition of industry trade groups, urged members of the House Financial Services Committee to support legislation that would clarify and amend the High Volatility Commercial Real Estate bank capital rule.

MIAMI–“Fraud is beginning to show itself in new and exciting ways,” said Don Effertz, vice president of risk management with DataVerify Inc., Chesterfield, Mo.

Millennials poured $514 billion into the U.S. housing market over the past year as the largest generation of home buyers, said Zillow Inc., Seattle. But new survey data show their homeownership aspirations are stymied by affordability issues, frustration with the buying and selling process and a “cutthroat” housing market.