ATTOM, Irvine, Calif., released its third-quarter 2023 U.S. Home Sales Report, showing profit margins on median-priced homes are up from the second quarter, along with other metrics such as homeownership tenure and cash sales.
Category: News and Trends
DBRS Morningstar Warns About Insurance and Property Values in Coastal Areas
DBRS Morningstar, Toronto, released a new analysis warning about the impacts of climate change–including hurricanes–on property insurance in vulnerable areas. Insurance companies are exiting catastrophe-prone areas, DBRS Morningstar said, potentially leading to a decline in property values.
Delinquencies Tick Up in September, but Foreclosures Down, ICE Finds
Intercontinental Exchange, Atlanta, released its “first look” at September 2023 month-end mortgage performance data, finding the national delinquency rate rose to 3.29%.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increased Slightly in Third Quarter
Delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter of 2023, according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.
ULI: Investors Can Leverage Climate Risk Disclosure Data
The Urban Land Institute, Washington, D.C., said investors can leverage the data resulting from government regulations that require real estate companies to disclose climate-related risks related to their properties and overall business models.
MBA NewsLink Q&A: Donna Schmidt of DLS Servicing on the FHA Loss Mitigation Waterfall
MBA NewsLink spoke with DLS Servicing’s Donna Schmidt on the FHA loss mitigation waterfall.
Servicing Quote Tuesday, Oct. 24, 2023
“The delinquency rate for loans backed by commercial properties has now increased for four consecutive quarters.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
Freddie Mac, Fannie Mae Execs Talk Repurchases, Updates and New Resources
PHILADELPHIA–Freddie Mac President Mike Hutchins announced a new resource–DPAOne–during a General Session on GSEs at the Mortgage Bankers Association Annual Convention & Expo here Oct. 16.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.31% in September
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.33% of servicers’ portfolio volume in the prior month to 0.31% as of September 30, 2023.
ATTOM: Foreclosure Activity Up in Third Quarter
ATTOM, Irvine, Calif., showed a jump in foreclosures in its Q3 U.S. Foreclosure Market Report. At 124,539 properties with foreclosure filings, they’re up 28% from Q2 and 34% from last year.