Category: News and Trends

Many Freddie Mac K-Series borrowers are unlocking the equity resulting from years of strong multifamily investment demand and price appreciation, said Kroll Bond Rating Agency, New York.  “In doing so, …

On June 30, four federal agencies issued their Report to the Congress on the Effect of Capital Rules on Mortgage Servicing Assets.    The Federal Reserve, Office of the Comptroller …

  HUD announced a series of enhancements to the Department’s Distressed Asset Stabilization Program that would have purchasers of severely delinquent mortgages offer qualified borrowers principal reductions and protection from …

People with low incomes spend nearly 23 percent of their income on monthly mortgage payments, compared to high-income earners, who spend just 11.5 percent of their income on monthly house …

Black Knight Financial Services, Jacksonville, Fla., said homeowners’ tappable equity rose by $260 billion in the first quarter to $4.4 trillion, within 10 percent of its 2005 peak. The company’s …

Ginnie Mat Taps Corsiglia as Executive Vice President, COOGinnie Mae, Washington, D.C., announced that Nancy Corsiglia will join the government corporation as Executive Vice President and Chief Operating Officer, reporting …

Two long-time Mortgage Bankers Association members announced formation of a new trade association, the Mortgage Compliance Professionals Association of America.

The rest of 2016 will likely be as “bumpy” as the first half was for commercial mortgage-backed securities, said Brian Olasov, Executive Director with Carlton Fields, New York.

HOPE NOW reported its members provided homeowners with 117,000 mortgage assistance actions to homeowners in April, including loan modifications, short sales, deeds in lieu and workout plans.

Risk of Class A multifamily overbuilding is rising in some submarkets, reported Fitch Ratings, New York.