MBA’s State Government Affairs program announced the return of its comprehensive database of state legislation, available to staff at member companies and current state association partners.
Category: News and Trends
MBA and State MBAs, Consumer Advocates Welcome Long-Awaited Rule on PACE Loans
The Mortgage Bankers Association and National Consumer Law Center, along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued a statement in response to the Consumer Financial Protection Bureau’s final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans.
FOMC Cuts Interest Rates; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased $47.7 Billion in Third Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $47.7 billion (1%) in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Planet Loan Servicing’s Patrick Couture: Independent Servicing Matters in Residential Transition Loans
In the world of Residential Transition Loans (RTLs), where short-term, high-risk loans are used to finance “fix-and-flip” projects, effective servicing can enhance investors’ returns.
MBA: Commercial Mortgage Delinquency Rates Increase in Third Quarter
Commercial mortgage delinquencies increased in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
Servicing Quote of the Week
“Loan performance in the third quarter of 2024 showed a continual upward trend in mortgage delinquencies. Delinquencies remain low, particularly when compared with those during the Great Recession.”
–Molly Boesel, Senior Principal Economist for CoreLogic
CoreLogic: National Homeowner Equity Up 2.5% in Q3
CoreLogic, Irvine, Calif., found that U.S. homeowners with mortgages saw equity increase by $425 billion since Q3 2023—a gain of 2.5% year-over-year.
ATTOM: Foreclosure Filings Fall in November
ATTOM, Irvine, Calif., released its November 2024 U.S. Foreclosure Market Report, finding that foreclosure filings are down 9% from a year ago and down 5% from October.
TransUnion Predicts Mortgage Delinquencies Will Be Flat
TransUnion, Chicago, released its forecast for 2025, predicting that mortgage delinquencies will be flat a year from now in Q4 2025.