Kroll Bond Rating Agency, New York, reported that commercial mortgage-backed securities appraisal reduction amounts–ARAs–have climbed in tandem with delinquency rates.
Category: News and Trends
MBA Affordable Housing Leader Steve O’Connor Announces Plans to Retire
Steve O’Connor, MBA’s Senior Vice President for Affordable Housing Initiatives, recently announced plans to retire at the end of September.
Home Mortgage Lending Rebounds, ATTOM Finds
Just over 1.6 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the second quarter, per ATTOM, Irvine, Calif.
Meet Scott Norman, CEO of the Texas Mortgage Bankers Association
MBA NewsLink recently interviewed 30-year mortgage banker Scott Norman, the new CEO of the Texas Mortgage Bankers Association, about his career and his plans for TMBA.
Redfin Reports Typical Down Payment Hits Record $67,500
The typical down payment for U.S. homebuyers hit a record $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin, Seattle.
Fannie Mae, Freddie Mac Announce New Protections for Renters
Fannie Mae and Freddie Mac announced new protections for renters in multifamily properties with mortgages backed by the enterprises.
American Households With Record High Debt, Motley Fool Ascent Finds
American households are carrying an average of $104,215 in debt as of Q2 2024, amounting to $17.796 trillion total, Motley Fool Ascent, Alexandria, Va., found.
Servicing Quote Tuesday, Aug. 27, 2024
“Zombie foreclosures continue to be a mere blip on the radar screen–one of many measures of the overall strength of the U.S. housing market. After some worries about a rise in abandoned homes following the end of the COVID-era foreclosure clampdown, they remain an anomaly throughout most of the country.”
–Rob Barber, CEO for ATTOM.
MISMO Publishes ESG Reference Materials
MISMO, the real estate finance industry’s standards organization, published a package of new reference material designed to identify environmental, social and governance data elements that could be leveraged by lenders, investors, and trading partners.
Millennials Trying to Save for Homes, but Rent Is Too High, Survey Finds
Lombardo Homes, Shelby Township, Mich., recently released a new survey finding that while 51% of non-homeowner Millennials say they are saving for a home purchase, 77% also say rent is so high it poses a challenge.