Category: News and Trends

SAN DIEGO–The Mortgage Bankers Association projects $905 million in purchase mortgage originations in 2016, a 10 percent increase from 2015.

SAN DIEGO–The American people deserve a better, more responsive mortgage finance system, said White House Senior Policy Advisor Michael Stegman. But, he said, that will not come from recapitalizing and releasing Fannie Mae and Freddie Mac from conservatorship.

CoreLogic, Irvine, Calif., reported 36,000 completed foreclosures in August, virtually unchanged from July; down by 20 percent from a year ago; and down by nearly 70 percent from its 2010 peak.  

Veros Real Estate Solutions, Santa Ana, Calif., said residential market values should continue in a positive trajectory over the next 12 months, with overall annual appreciation rising to +3.6 percent from its Q2 forecast of 3.1 percent.

CoreLogic, Irvine, Calif., reported a nearly 9 percent decrease in mortgage fraud risk during the second quarter.

Fannie Mae and Freddie Mac announced updates to their representation and warranty framework that governs the rights and responsibilities lenders face when selling loans to the GSEs.

Fannie Mae and Freddie Mac released guidance to sellers, outlining good-faith compliance standards during initial implantation of the Consumer Financial Protection Bureau’s new TILA/RESPA Integrated Disclosure rules.

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.