ATTOM Data Solutions, Irvine, Calif., estimated $3.5 billion in loans for home flipping took place in the first quarter, reaching a nine-year high.
Category: News and Trends
MBA Commercial/Multifamily Real Estate Finance Priorities
Commercial and multifamily real estate finance professionals will visit Washington, D.C. next week to present the 2017 Mortgage Bankers Association Policy Priorities to policymakers during the MBA National Advocacy Conference.
MBA Urges VA to Evaluate ‘Allowable Fees’ Policy
In a June 12 letter to the U.S. Department of Veterans Affairs, the Mortgage Bankers Association called on the VA to review its allowable fees policy for veterans, which have remained unchanged for 63 years.
ATTOM: May Foreclosure Filings Up
ATTOM Data Solutions, Irvine, Calif., said foreclosure filings ticked up in May but fell sharply from a year ago.
MBA Chart of the Week: IMB Production Profits, Volumes
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.
MBA Chart of the Week: IMB Production Profits, Volumes
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.
MBA Offers Recommendations on HMDA Rule Changes
The Mortgage Bankers Association, in a letter to the Consumer Financial Protection Bureau, expressed concerns with the Bureau’s proposed amendments to the Home Mortgage Disclosure Act, saying that many MBA member companies have not had sufficient time to prepare for the numerous changes required.
Commercial Real Estate Embraces Technology–Cautiously
PHOENIX–The commercial real estate industry has been slower to adopt some cutting-edge technologies such as e-signatures and online bill-paying than the residential sector, but it is making progress, executives said at the recent MBA Commercial/Multifamily Servicing and Technology Conference.
Loan Application Defects Up 5th Straight Month
First American Financial Corp., Irvine, Calif., said its monthly Loan Application Defect Index rose in April, the fifth consecutive monthly increase.
GSEs Sold $14.2 Billion in Non-Performing Loans in 2016
The Federal Housing Finance Agency released its third report on sales of non-performing loans by Fannie Mae and Freddie Mac, noting they sold 72,502 NPLs with an unpaid principal balance of $14.2 billion in 2016.