RIHA: More Renters, Fewer Homeowners Missed Housing Payments in September, October
Renters were three times more likely than homeowners to miss payments during September and October, according to updated research released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America.
MBA, Trade Groups Ask House Approval of Bill Addressing LIBOR ‘Tough Legacy’ Contracts
The Mortgage Bankers Association and nearly two dozen industry trade groups asked House leaders to secure approval of legislation that would address “tough legacy” contract that currently reference the soon-to-be-obsolete London InterBank Offered Rate.
MBA Commends HUD Guidance on Special Purpose Credit Programs
HUD on Dec. 7 released guidance clarifying special purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
CoreLogic: Homeowners Gained $3.2 Trillion in Equity in Q3
CoreLogic, Irvine, Calif., said homeowners with mortgages (which account for 63% of all properties) saw their equity increase by 31.1% year over year in the third quarter, representing a collective equity gain of more $3.2 trillion and an average gain of $56,700 per borrower.
Top Five Commercial Mortgage Servicing Issues to Watch in 2022
With 2022 quickly approaching, MBA’s Servicer Council recently hosted a discussion with servicing executives from PGIM Real Estate, SitusAMC, Mount Street, Berkadia and Trimont, who shared perspective on the challenges and opportunities facing the sector.
