Category: News and Trends

Black Knight Financial Services, Jacksonville, Fla., said cash sales of homes have declined over the past several years as distressed properties worked their way out of the pipeline.

Levels of commercial and multifamily mortgage debt have been growing more slowly than property prices in recent years, realigning debt and equity since prices fell during and after the Great Recession.

The commercial mortgage-backed securities delinquency rate inched up again in May, but the bigger problem lies elsewhere, said Brian Olasov, Executive Director with Carlton Fields, New York.

There’s a saying in sports: “Go big or go home,” and it also applies to fees and changes in circumstances with the TILA-RESPA Integrated Disclosure rule.

Despite remaining more than 26 percent off its 2006 peak, RealtyTrac, Irvine Calif., said house flipping jumped by more than 20 percent in the first quarter to its highest rate in more than two years, with the average gross flipping profit at a 10-year high.

Sometimes, the distance between a rebounding housing market and one still struggling to recover is only a matter of miles.

DALLAS–Seven mortgage servicers earned Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference.

Though market volatility and growth concerns increased uncertainty early this year, commercial mortgage real estate investment trusts still benefited from strong CRE fundamentals, said Keefe Bruyette and Wooods, New York.

DALLAS–Technology is rapidly changing the servicing sector, but the human element remains as important as ever, analysts said here at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference.

FHA this week proposed a new rule to strengthen its Home Equity Conversion Mortgage Program.