ATTOM, Irvine, Calif., released its second-quarter 2024 Vacant Property and Zombie Foreclosure Report, finding that 1.3 million residential properties currently sit vacant in the U.S.
Category: News and Trends
MISMO Seeks Public Comment on Property and Valuation Services v3.6.0 Implementation Guide
MISMO, the real estate finance industry’s standards organization, seeks public comment on the Property and Valuation Services (PaVS) v3.6.0 Reference Model Implementation Guide (I-Guide).
CFPB Releases RFI on Mortgage Closing Costs; MBA Shares Concerns Regarding Credit Reporting Price Increases
The American Bankers Association, Housing Policy Council and Mortgage Bankers Association issued a statement in response to the Consumer Financial Protection Bureau’s Request for Information on mortgage closing costs.
MBA Chart of the Week: 30-Year Fixed Mortgage Rate and 10-Year Treasury Yield
This week’s Chart of the Week examines the spread between the 30-year fixed mortgage rate and 10-year Treasury yield.
Servicing Quote Tuesday, May 28, 2024
“Servicing profitability also improved, given low prepayment activity and preservation of servicing values. Including both the production and servicing business lines, close to 60% of mortgage companies were profitable in the first quarter of this year–the highest level in eight quarters.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
BofA: 70% of Prospective Homebuyers Feel Renting Could Harm Their Financial Future
Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they’re not making a long-term investment in their future, and 72% who worry that rent increases could affect their finances, according to a new Bank of America report.
23 Mortgage Servicers Earn CCMS Designation at MBA CMST Conference
NEW ORLEANS–Twenty-three mortgage servicers earned their Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association’s Commercial/Multifamily Finance Servicing and Technology Conference.
MIAC Analytics’ Michael Carnes: Is It Time to Talk About Recapture?
One may think it’s counter-intuitive to be discussing recapture at a time where primary mortgage rates are still hovering above 7%, but recapture is still playing a role in MSR pricing.
Asurity’s Diane Jenkins: Buydowns Gain Traction as Borrowers Look for Affordable Payment Options
The higher interest rate environment has given rise to a renewed interest in the use of temporary buydowns to help borrowers lower their initial monthly mortgage payments.
TransUnion Finds Consumer Credit Appetite Remains High
The consumer credit market remains resilient in the face of a challenging economic environment, according to TransUnion, Chicago.