Category: News and Trends

RealtyTrac, Irvine, Calif., reported just over 20,000 “zombie” homes in the foreclosure process in the third quarter, down by 27 percent from the second quarter and down by 43 percent from a year ago.

The commercial mortgage-backed securities delinquency rate dropped significantly in September after four months of negligible movement, reported Trepp, New York.

During the second quarter, multifamily mortgage debt outstanding topped $1 trillion for the first time.

MBA NewsLink recently posed questions to Jeffrey Hulett, managing director with KPMG LLP in Tysons Corner, Va. 

The Mortgage Bankers Association, in a survey released last week, illustrated to the Consumer Financial Protection Bureau its continued concerns that a lack of a formal compliance grace period could make the Bureau’s TILA/RESPA Integrated Disclosure rule harmful to consumers, lenders and vendors.

Black Knight Financial Services, Jacksonville, Fla., said cash-out mortgage refinancings in August reached their highest level in five years.  

Technology improves data quality and reduces chances of material defects being introduced at the closing table. 

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac completed 63,593 foreclosure prevention actions in the second quarter, bringing the total number of foreclosure prevention actions to more than 3.5 million since the start of the conservatorships in September 2008. 

If the adage that commercial real estate follows a 10-year cycle with only a seven-year memory holds true, it would be wise to refresh some memories, said Fitch Ratings Managing Director Huxley Somerville.

DALLAS–It’s the board-game equivalent of a mortgage murder mystery.