Category: News and Trends

The commercial mortgage-backed securities delinquency rate increased seven basis points in March after sharp drops in January and February, reported Trepp, New York.

Equifax, Atlanta, reported first mortgage originations totaled $1.82 trillion in 2016, a year over year increases of nearly 43 percent, while first mortgage originations totaled 7.71 million, a 31.6 percent increase.

The Federal Housing Finance Agency’s report on fourth quarter Fannie Mae/Freddie Mac foreclosure prevention actions confirms a much-needed piece of good news for the real estate finance industry: the market is starting to look “normal” again.

The Mortgage Bankers Association released its fourth quarter Commercial/Multifamily DataBook today.

The Mortgage Bankers Association, in a Mar. 31 letter to The Appraisal Foundation, offered recommendations for attracting new appraisers to the real estate finance business and eliminating barriers to their entry.

By looking to the issues of the past, facing the issues of the present and accurately assessing the emerging trends, servicers can learn how to work with their providers to effectively scale up, and back down, as needed without disrupting their businesses.

HOPE NOW yesterday reported loan modifications continued to wind down from housing crisis peaks, noting that foreclosures and foreclosure starts increased.

Black Knight Financial Services, Jacksonville, Fla., said mortgage delinquencies fell 13 percent month-over-month in February, reversing January’s spike, bringing the national delinquency rate to its lowest point since April 2007. …

Since late 2014, we’ve seen a stronger relationship between the average loan amount on refinance applications and the refinance index, MBA’s gauge of refinance application activity.

STRATMOR Group, Greenwood City, Colo., said a survey of lenders found that the Consumer Financial Protection Bureau’s TILA/RESPA Integrated Disclosure rule, while significantly boosting borrower satisfaction, comes with a price. Literally.