Category: News and Trends

Fitch Ratings, New York, said prime jumbo residential mortgage-backed securities activity showed strong signs of improvement in the first quarter, more than doubling volume from a year ago.

S&P Dow Jones Indices and Experian, New York, said despite composite credit default rates holding steady in March, the first mortgage default rate reached its highest rate in a year and bank card defaults rose for the fifth straight month.

The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Chairman Rodrigo Lopez, CMB, who discusses release of a new MBA paper on secondary mortgage market reform.

HOPE NOW, Washington, D.C., said permanent loan modifications rose slightly in February as foreclosure starts and delinquencies fell.

The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action on Friday, urging its members to contact their representatives and senators to support efforts to reform the secondary mortgage market.

More than two dozen industry trade groups joined the Mortgage Bankers Association in letters yesterday to support legislation that would modify consumer protection requirements for Property Assessed Clean Energy loans, also known as PACE loans.

Homeowners with adjustable-rate mortgages significantly increased their spending both before and after anticipated mortgage payment decreases, despite a substantial drop in their home values, according to data from The JPMorgan Chase Institute, Washington, D.C.

The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Chairman Rodrigo Lopez, CMB, who discusses release of a new MBA paper on secondary mortgage market reform.

The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Chairman Rodrigo Lopez, CMB, who discusses release of a new MBA paper on secondary mortgage market reform.

CoreLogic, Irvine, Calif., said 5.3 percent of mortgages were delinquent by at least 30 days or more (including those in foreclosure) in January, down by 1.1 percentage point from a year ago (6.4 percent).