Category: News and Trends

The Federal Housing Finance Agency extended a deadline for stakeholder input on potential manufactured home chattel loans pilot initiatives for Fannie Mae and Freddie Mac as part of the Duty to Serve underserved markets until Mar. 21.

The commercial mortgage-backed securities delinquency rate could rise in 2017 due to a “sharp” increase in newly delinquent CMBS loans–many of which will default at or near maturity–said Morningstar Credit Ratings, Chicago.

Fitch Ratings, New York, said a reduction in the U.S. corporate tax rate from the current federal statutory rate of 35 percent could present Fannie Mae and Freddie Mac with significant deferred tax asset write-downs.

The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Chairman Rodrigo Lopez, CMB, who discusses the new MBA paper, GSE Reform Principles and Guardrails.

ATTOM Data Solutions, Irvine, Calif., said the share of distressed single-family home and condo sales fell in 2016 to the lowest level in nine years.

Commercial property market supply-demand fundamentals held steady in the third quarter, reported Moody’s Investors Service, New York.

Getting a refund leads to fantasies about a vacation, a newer vehicle, some household purchases. But for others, a refund is a means of getting current on their mortgage.

PALM SPRINGS, CALIF.–With the Mortgage Bankers Association forecasting a drop in mortgage originations in 2017 ($1.6 trillion, compared to $1.9 trillion in 2016), and shifts from a refinance market to a purchase market, it’s time for independent mortgage banks to regroup and re-strategize.

Source: Office of Federal Student Aid; Mortgage Bankers Association. While the first-time homebuyer share of home sales has increased, it is still below typical levels, and many point to student …

Source: Office of Federal Student Aid; Mortgage Bankers Association. While the first-time homebuyer share of home sales has increased, it is still below typical levels, and many point to student …