Category: News and Trends

WASHINGTON, D.C.–If the political atmosphere here in Washington seems a bit fractious, that’s because it is. But it doesn’t mean things are at a standstill.

WASHINGTON, D.C.–Sen. Mark Warner, D-Va., never wanted to know as much about housing finance as he does now.

WASHINGTON, D.C.–If the political atmosphere here in Washington seems a bit fractious, that’s because it is. But it doesn’t mean things are at a standstill.

Ahead of a series of votes scheduled today on several House bills addressing flood insurance, the Mortgage Bankers Association sent a letter to members of the House Financial Services Committee expressing support for some measures but raising concern over others.

CoreLogic, Irvine, Calif., said March mortgage delinquencies fell to the lowest rate in 10 years.

Fitch Ratings, New York, said mortgage exposure for U.S. life insurers continued a run of strong performance in 2016 driven by low credit impairments.

The Federal Housing Finance Agency last week released its 2016 Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac.

Returns on life company commercial mortgage investments rebounded in the first quarter to generate a 1.60 percent total return, the LifeComps Commercial Mortgage Index, Boston, reported.

CoreLogic, Irvine, Calif., said nearly 91,000 homeowners regained equity in the first quarter, bringing the total number of homeowners who have regained equity to nearly nine million.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported average pre-tax production profits of 10.4 basis points ($224 on each loan they originated) in the first quarter.