Category: News and Trends

NASHVILLE–MBA President and CEO David Stevens, CMB, said GSE reform, which has stalled in Congress for the past several years, will emerge as a key issue in following the 2016 elections.

Zillow Inc., Seattle, said despite improvements in negative equity rates, underwater mortgages continue to hold the housing market back from full recovery, particularly in hard-hit areas. 

NASHVILLE–For the past couple of years, it’s been good to be an independent mortgage banker.  

This week’s chart shows the recent price spread (per $100 of face value) between Ginnie Mae and Fannie Mae mortgage-backed securities.

HOPE NOW yesterday reported the mortgage industry completed 337,000 non-foreclosure actions for homeowners during the third quarter.  

Since fourth quarter 2012, New Jersey, New York and Florida have had the highest percentage of loans in foreclosure in the nation, according to data from the Mortgage Bankers Association’s National Delinquency Survey. All three states primarily use a judicial foreclosure process. 

Student loan debt could be having an even greater impact on homeownership decisions for first-time home buyers, according to a new study by the Joint Center for Housing Studies at Harvard University.  

Consumer credit default rates rose by five basis points in October, the Standard & Poor’s/Experian Credit Default Indices reported yesterday. 

CoreLogic, Irvine, Calif., said despite a fiscal year-end surge in foreclosures, the national foreclosure inventory of single-family homes continued to fall from historically high levels.

The Mortgage Bankers Association, an a letter to House and Senate appropriators, urged continued funding for HUD staffing and systems upgrades, full funding for Ginnie Mae and support for FHA multifamily and healthcare programs.