Total Mortgage Volume Up; Subprime Volume Holds Steady
Category: News and Trends
Fitch: ‘Tough Times Ahead’ for Large U.S. Mortgage Servicers
Some Servicers Seeing Opportunity in Subservicing
HOPE NOW: May Mortgage Mod Actions Top 105,000
HOPE NOW yesterday reported member mortgage lenders and servicers provided more than 105,000 mortgage modifications and other actions in May.
KBRA: More K-Series Borrowers Paying Off Early–Or Borrowing More
Many Freddie Mac K-Series borrowers are unlocking the equity resulting from years of strong multifamily investment demand and price appreciation, said Kroll Bond Rating Agency, New York. “In doing so, …
Bank Regulators Issue Study on Basel III Impact on MSR Market
On June 30, four federal agencies issued their Report to the Congress on the Effect of Capital Rules on Mortgage Servicing Assets. The Federal Reserve, Office of the Comptroller …
FHA Cites ‘Significant Improvements’ to Distressed Notes Sales Program
HUD announced a series of enhancements to the Department’s Distressed Asset Stabilization Program that would have purchasers of severely delinquent mortgages offer qualified borrowers principal reductions and protection from …
Zillow: Mortgage Payments Least Affordable for Low-Income Earners
People with low incomes spend nearly 23 percent of their income on monthly mortgage payments, compared to high-income earners, who spend just 11.5 percent of their income on monthly house …
Black Knight: Tappable Home Equity Rises to $4.4 Billion
Black Knight Financial Services, Jacksonville, Fla., said homeowners’ tappable equity rose by $260 billion in the first quarter to $4.4 trillion, within 10 percent of its 2005 peak. The company’s …
Briefs: New Ginnie Mae EVP, New Northmarq Loan Program
Ginnie Mat Taps Corsiglia as Executive Vice President, COOGinnie Mae, Washington, D.C., announced that Nancy Corsiglia will join the government corporation as Executive Vice President and Chief Operating Officer, reporting …
MBA Members Form New Compliance Association
Two long-time Mortgage Bankers Association members announced formation of a new trade association, the Mortgage Compliance Professionals Association of America.