Category: News and Trends

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 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 …

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 …

Two long-time Mortgage Bankers Association members announced formation of a new trade association, the Mortgage Compliance Professionals Association of America.

The rest of 2016 will likely be as “bumpy” as the first half was for commercial mortgage-backed securities, said Brian Olasov, Executive Director with Carlton Fields, New York.

HOPE NOW reported its members provided homeowners with 117,000 mortgage assistance actions to homeowners in April, including loan modifications, short sales, deeds in lieu and workout plans.

Risk of Class A multifamily overbuilding is rising in some submarkets, reported Fitch Ratings, New York.

Black Knight Financial Services, Jacksonville, Fla., said improvement in the nation’s foreclosure inventory, which has been consistent for some time now, appears to be picking up speed.

Experian, New York, said first mortgage default rates fell to 0.63 percent in May, down by six basis points from April.

The Federal Housing Finance Agency yesterday reported Fannie Mae and Freddie Mac completed 49,573 foreclosure prevention actions in the first quarter, bringing the total number of foreclosure prevention actions to nearly 3.7 million since the start of the conservatorships in September 2008.