Equifax, Atlanta, reported first mortgage originations totaled $1.82 trillion in 2016, a year over year increases of nearly 43 percent, while first mortgage originations totaled 7.71 million, a 31.6 percent increase.
Category: News and Trends
Foreclosure, Delinquency Data Point Toward ‘Normal’
The Federal Housing Finance Agency’s report on fourth quarter Fannie Mae/Freddie Mac foreclosure prevention actions confirms a much-needed piece of good news for the real estate finance industry: the market is starting to look “normal” again.
MBA Releases 4Q Commercial/Multifamily DataBook
The Mortgage Bankers Association released its fourth quarter Commercial/Multifamily DataBook today.
MBA Urges Elimination of Barriers to Appraiser Entry
The Mortgage Bankers Association, in a Mar. 31 letter to The Appraisal Foundation, offered recommendations for attracting new appraisers to the real estate finance business and eliminating barriers to their entry.
What’s the Deal with Default Servicing?
By looking to the issues of the past, facing the issues of the present and accurately assessing the emerging trends, servicers can learn how to work with their providers to effectively scale up, and back down, as needed without disrupting their businesses.
HOPE NOW: Loan Mods Down in January; Foreclosures Up
HOPE NOW yesterday reported loan modifications continued to wind down from housing crisis peaks, noting that foreclosures and foreclosure starts increased.
Black Knight: Delinquencies Down, Foreclosures Up
Black Knight Financial Services, Jacksonville, Fla., said mortgage delinquencies fell 13 percent month-over-month in February, reversing January’s spike, bringing the national delinquency rate to its lowest point since April 2007. …
MBA Chart of the Week: Refinance Applications and Average Loan Size
Since late 2014, we’ve seen a stronger relationship between the average loan amount on refinance applications and the refinance index, MBA’s gauge of refinance application activity.
STRATMOR: TRID Implementation Ups Lenders Origination Costs by $210 Per Loan
STRATMOR Group, Greenwood City, Colo., said a survey of lenders found that the Consumer Financial Protection Bureau’s TILA/RESPA Integrated Disclosure rule, while significantly boosting borrower satisfaction, comes with a price. Literally.
Moody’s: Oil Slump a Moderate CMBS Credit Negative
Falling oil prices represent a moderate credit negative for commercial mortgage-backed securities collateral and will cause performance to deteriorate in some metros, said Moody’s Investors Service, New York.