Commercial and multifamily mortgage delinquencies remained low in the second quarter, according to the Mortgage Bankers Association's 2Q Commercial/Multifamily Delinquency Report.
The Crime Scene: FBI Provides Update on Fraud
CHICAGO--Kyle Armstrong, Supervisory Special Agent with the Federal Bureau of Investigation, said mortgage fraud is hitting every part of the U.S. in every one of the Bureau's 56 field offices.
GSEs Seeing Fewer Defects, Better QC Results
CHICAGO--Representatives of Fannie Mae and Freddie Mac here at the Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum said quality of loans submitted to them show better quality control processes and fewer defects, but cautioned that the defects the do appear show a greater degree of sophistication.
MBA, Others Urge Terrorism Risk Insurance Act Reauthorization
The Mortgage Bankers Association and more than 100 other organizations representing various business interests urged Congress to reauthorize the Terrorism Risk Insurance Act, which is set to expire at year-end 2020.
CFPB to Enhance Consumer Complaint Database
The Consumer Financial Protection Bureau announced it will continue publication of consumer complaints, data fields and narrative descriptions through the Bureau's Consumer Complaint Database while making several enhancements to the information available to users of the database.
FHFA Ends Mortgage Servicing Rights Financing Pilot Program
The Federal Housing Finance Agency yesterday announced the end of the Mortgage Servicing Rights financing pilot program for Fannie Mae and Freddie Mac.
ATTOM: Home Flipping Returns Drop to 8-Year Lows
ATTOM Data Solutions, Irvine, Calif., said home flipping in the second quarter increased by 12.4 percent from the first quarter but fell by 5.2 percent from a year ago.
Black Knight: August Foreclosure Starts at 18-Year Low
Black Knight, Jacksonville, Fla., said its First Look Mortgage Monitor for Augus found foreclosure starts hit an 18-year low, while borrowers took advantage of lower mortgage rates to increase their level of prepayments.
ARMCO QC Trends Report: Loan Quality Corrects with Market's Upturn
ACES Risk Management, Pompano Beach, Fla., released its quarterly Mortgage QC Trends Report, showing critical defect rates fell by 6% in the first quarter from the previous quarter.
August CMBS Special Servicing Rate Declines
Trepp, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined again in August, falling three basis points to 3.22 percent.
MBA Accounting & Financial Management Conference in San Diego Nov. 19-21
The Mortgage Bankers Association's Accounting & Financial Management Conference takes place Nov. 19-21 at the Marriott Marquis San Diego Marina.
MBA Education Fundamentals and Best Practices in Mortgage Accounting in San Diego Nov. 19
MBA Education presents a half-day workshop, Fundamentals and Best Practices in Mortgage Accounting, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting and Financial Management Conference.
Housing Industry Calls for End of QM Patch, DTI Limits
HousingWire, Sept. 17, 2019--Kelsey Ramirez
How Supreme Court Could Decide CFPB Constitutionality Question
National Mortgage News, Sept. 23, 2019--Kate Berry (subscription)
CFPB's Kraninger Agrees: Her Job Security is Unconstitutional
National Mortgage News, Sept. 17, 2019--Kate Berry (subscription)
Led by Trump Appointee, CFPB is Back in the Enforcement Business
National Mortgage News, Sept. 18, 2019--Kate Berry (subscription)
Senate Dems Urge CFPB to Extend QM Patch
American Banker, Sept. 17, 2019--Neil Haggerty (subscription)
Fannie, Freddie Recapitalization Unlikely Before 2020 Election: KBW
National Mortgage News, Sept. 23, 2019--Brad Finkelstein (subscription)
Fannie, Freddie Poised to Keep Profits in an Initial Privatization Move
Wall Street Journal, Sept. 22, 2019--Andrew Ackerman (subscription)
Trump Housing Plan Could Have Unexpected Consequences for FHA
National Mortgage News, Sept. 19, 2019--Hannah Lang (subscription)
Life Insurance Companies to Fuel Multifamily Surge in 2020
HousingWire, Sept. 17, 2019--Kelsey Ramírez
Mortgage Investors Need Not Fear Supply Surge From New Housing
Bloomberg, Sept. 18, 2019--Christopher Maloney
Flagstar Recovers a Small Portion of Its Loan to Live Well
National Mortgage News, Sept. 19, 2019--Brad Finkelstein (subscription)
Burgeoning Real Estate Giant Pretium Buys Deephaven Mortgage from Varde Partners
HousingWire, Sept. 19, 2019--Ben Lane
More Baby Boomers Are Living in Multigenerational Housing
Bloomberg, Sept. 20, 2019--Arianne Cohen
Emerging Trends in Real Estate: Investors Still Favor U.S. CRE
U.S. commercial real estate remains a favored asset class even as economic uncertainty looms, said the Urban Land Institute and PwC.
Repo-Market Tumult Raises Concerns About New Benchmark Rate
Wall Street Journal, Sept. 23, 2019--Daniel Kruger, Vipal Monga (subscription)