“Predictions of a huge spike in foreclosures after the moratorium, with the potential for a surge in zombie properties, never came true. Indeed, the opposite has happened, as abandoned homes in foreclosure continue to get harder and harder to find around the country.”
–Rob Barber, CEO for ATTOM
Commercial mortgage delinquencies increased in the first quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.
NEW ORLEANS–Christine Beckwith, CEO of 20/20 Vision for Success Coaching & Consulting, Laconia, N.H., spoke about setting boundaries and safety tips for business women during a presentation May 21.
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.
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).
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.
This week’s Chart of the Week examines the spread between the 30-year fixed mortgage rate and 10-year Treasury yield.
“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
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.
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.
