Category: News and Trends

CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent.

Freddie Mac announced yesterday that it successfully implemented Release 1 of the Common Securitization Platform.

Donald Trump’s surprise victory has understandably created a great deal of speculation as to what the regulatory landscape will look like going forward. But while our industry has been absorbing this news, they may have missed some important signals that suggest regulators, in the near term, will be taking a much harder look at compliance management systems in upcoming examinations.

Commercial mortgage-backed securities loans maturing in December could suffer from a decrease in liquidity as issuers wrestle with the upcoming risk-retention rule, said Morningstar Credit Ratings, Chicago.

Black Knight Financial Services, Jacksonville, Fla., said the recent surge in the 30-year fixed mortgage rate knocked another 700,000 homeowners out of the “refinanceable” population.  

First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index fell in October, but noted an increase in the busy South region.

Enjoy it while you can, you refinancers. ATTOM Data Solutions, Irvine, Calif., said even though housing finance is shifting to a purchase market, refinancings increased in the third quarter ahead of real and projected mortgage interest rate hikes.

Report Shows ‘Downward Trend’ in Critical Defect Rates

Millennials Most Affected

“It would return us to a world of rules that are relatively well settled and interpreted.”