Category: News and Trends

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.

Though market volatility and growth concerns increased uncertainty early this year, commercial mortgage real estate investment trusts still benefited from strong CRE fundamentals, said Keefe Bruyette and Wooods, New York.

DALLAS–Technology is rapidly changing the servicing sector, but the human element remains as important as ever, analysts said here at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference.

FHA this week proposed a new rule to strengthen its Home Equity Conversion Mortgage Program.  

NEW YORK–Eight years later, the real estate finance industry is still dealing with thousands of pages of regulations and legislative “fixes” stemming from the financial crisis.

RealtyTrac, Irvine, Calif., said vacant U.S. properties in the foreclosure process fell to just over 19,000 in the second quarter, even as the overall number of vacant residential properties crept up.

NEW YORK–Representatives of Fannie Mae and Freddie Mac said they continue to make progress toward developing a Common Securitization Platform, but do not anticipate anything sooner than its projected 2018 implementation date.

Black Knight Financial Services, Jacksonville, Fla., said April foreclosure starts hit a 10-year low, while the nation’s foreclosure inventory fell to its lowest level since 2007.