Category: News and Trends

The commercial mortgage-backed securities delinquency rate held steady in April, increasing just one basis point to 4.23 percent, reported Trepp, New York.

Fitch Ratings, New York, said early performance indicators for its rated re-performing loan residential mortgage-backed securities transactions is in line with expectations and slightly better than their non-rated counterparts.

Wells Fargo Securities, Charlotte, N.C. said the housing market–stuck in low gear during most of the recovery–is showing signs of picking up and becoming “unstuck.”

J.D. Power, New York, said larger banks made “significant” gains in customer satisfaction measures in the past year, while mid-size and regional bank satisfaction leveled off.

Two years after introduction of the Consumer Financial Protection Bureau’s Ability-to-Pay rule, major residential mortgage servicers have yet to see any borrower claims, said Fitch Ratings, New York.

MBA NewsLink recently posed questions to Alok Datta, president of ATPR Inc., Dallas. 

Commercial mortgage-backed securities’ credit quality as measured by loan-to-value ratios improved during the first three months of this year, reported Moody’s Investors Service, New York.

Fannie Mae yesterday said it plans to begin securitizing reperforming loans held on the company’s balance sheet later this year.

CoreLogic, Irvine, Calif., said completed foreclosures continued to trend downward, with the nation’s foreclosure inventory falling to its lowest rate in nine years.

The MISMO Origination Workgroup has been instrumental in defining new terms and definitions in version 3.4 for the mortgage industry.