Servicing Newslinks Archive
Prepayment Speeds Were Up 22% in May on Seasonality
National Mortgage News, June 7, 2023-Brad Finkelstein (subscription)Mortgage-backed securities prepayment speeds increased 22% month-to-month in May, but that was largely due to seasonality related to traditional spring buying activity, a …
CoreLogic Reports Borrowers See First Annual Home Equity Losses Since 2012
U.S. homeowners with mortgages saw their home equity decrease by 0.7% year-over-year–an average loss of $5,400 per borrower–according to CoreLogic, Irvine, Calif.
MBA Servicing NewsLink Tuesday June 6, 2023
Purchase-Mortgage Share Hits 85% in First Quarter
Inside Mortgage Finance, June 2, 2023–John Bancroft (subscription)Refinance originations fell to exceptionally low levels in the first quarter of 2023, helping to increase the purchase-mortgage share of the market, according …
Rising Rates Make It Harder to Help Distressed Homeowners; Regulators Are Trying to Fix That
Wall Street Journal, May 31, 2023-Ben Eisen (subscription)Rising interest rates are putting up new roadblocks for people struggling to pay their mortgages. Housing officials are working on a fix.https://www.wsj.com/articles/rising-rates-make-it-harder-to-help-distressed-homeowners-regulators-are-trying-to-fix-that-813a8cd9
ATTOM: Zombie Foreclosures Increase
Vacant residential properties increased 1.3% in the second quarter to 1.28 million houses, reported ATTOM, Irvine, Calif.