ATTOM, Irvine, Calif., released its January U.S. Foreclosure Market Report, showing there were 33,270 properties with foreclosure filings in the month–up 5% from a year ago and up 10% from December.
Category: News and Trends
MISMO Partners with Federal Housing Agencies to Launch New Work Group Focused on Building a New Servicing Data Standard
MISMO, the real estate finance industry’s standards organization, today issued a call for industry professionals to join a new development work group focused on creating a servicing data standard for Federal Housing Agency loans. The Federal Housing Agency Servicing Dataset workgroup effort is powered by Sagent.
Statement of MBA Chairman Mark Jones on VA Home Lending Before Committee on Veterans’ Affairs Subcommittee on Economic Opportunity
Mark Jones, MBA’s 2024 Chairman and President of Union Home Mortgage, testified Feb. 15 at a hearing titled, “Sink or Swim? A Deep Dive into the Current State of VA’s Home Loan Program in a Competitive Market,” before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity.
MBA Chart of the Week: Delinquency Rates by Loan Type
According to the latest MBA National Delinquency Survey, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.88 percent of all loans outstanding at the end of the fourth quarter of 2023.
MBA: Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA CEO Bob Broeksmit at #MBACREF24: Industry Participation Vital to Overcoming Policy Challenges
SAN DIEGO–MBA President and CEO Bob Broeksmit, CMB, highlighted challenges to the commercial real estate finance industry–from Basel III to affordability–here at the MBA Commercial/Multifamily Finance Convention and Expo.
MBA: 20% of Commercial and Multifamily Mortgage Balances Mature in 2024 #MBACREF24
SAN DIEGO–Twenty percent ($929 billion) of the $4.7 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2024, a 28% increase from the $729 billion that matured in 2023, according to the Mortgage Bankers Association’s 2023 Commercial Real Estate Survey of Loan Maturity Volumes, released here at the 2024 Commercial/Multifamily Finance Convention and Expo.
FHFA to Host Multifamily Insurance Symposium; Agency Official Talks Other 2024 Priorities
SAN DIEGO–Amid rising premiums and natural disasters, it’s no surprise that insurance is a big concern for the multifamily industry in 2024. With that in mind, the Federal Housing Finance Agency’s Siobhan Kelly, Associate Director of the Office of Multifamily Analytics and Policy, announced the agency will hold a multifamily insurance symposium March 13–with both in-person and virtual options–to brainstorm some solutions to insurance issues.
MBA Releases Statement on IMBs Following Congressional Hearings on FSOC’s Annual Report to Congress
MBA’s President and CEO Bob Broeksmit, CMB, released a statement in response to commentary made on independent mortgage banks during Congressional hearings on the Financial Stability Oversight Council’s Annual Report to Congress:
MBA Chart of the Week: Delinquency Rates by Loan Type
According to the latest MBA National Delinquency Survey (NDS), the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of the fourth quarter of 2023.