Category: News and Trends

Fannie Mae said late Friday that it would delay release of its Version 10.0 of Desktop Underwriter, citing the need to conduct more testing. 

Commercial/multifamily mortgage debt outstanding increased by $35.3 billion in the first quarter, the Mortgage Bankers Association reported this morning, as three of four major investor groups increased their holdings, a 1.2 percent increase over the fourth quarter.

The U.S. commercial mortgage-backed securities delinquency rate rose in May for the second month, reported Fitch Ratings, New York.

Black Knight Financial Services, Jacksonville, Fla., said cash sales of homes have declined over the past several years as distressed properties worked their way out of the pipeline.

Levels of commercial and multifamily mortgage debt have been growing more slowly than property prices in recent years, realigning debt and equity since prices fell during and after the Great Recession.

The commercial mortgage-backed securities delinquency rate inched up again in May, but the bigger problem lies elsewhere, said Brian Olasov, Executive Director with Carlton Fields, New York.

There’s a saying in sports: “Go big or go home,” and it also applies to fees and changes in circumstances with the TILA-RESPA Integrated Disclosure rule.

Despite remaining more than 26 percent off its 2006 peak, RealtyTrac, Irvine Calif., said house flipping jumped by more than 20 percent in the first quarter to its highest rate in more than two years, with the average gross flipping profit at a 10-year high.

Sometimes, the distance between a rebounding housing market and one still struggling to recover is only a matter of miles.

DALLAS–Seven mortgage servicers earned Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference.