New Home Activity Strengthens
A month-over-month gain was reported for building permits and completed construction, though activity has diminished compared to a year ago.
CMBS Delinquency Plummets
Delinquency on securitized commercial real estate loans fell to the lowest level in nearly seven years, while overall CRE delinquency remains low.
CMBS Delinquency Up as Office Lates Surge
Deteriorating late payments on office building loans led delinquency higher on overall securitized commercial real estate loans.
Monthly FHA Business Softens, Delinquency Up
The government insured slightly fewer home-related loans in the most-recent month of activity. Loan performance was also slightly worse on a month-over-month basis.
Ginnie MBS Issuance Jumps to 9-Month High
Securitizations on behalf of the Government National Mortgage Association climbed to the highest level they've been in nine months.
CMBS Delinquency Up 3 Consecutive Months
For three months in a row now, delinquency has worsened on securitized commercial real estate loans. Office building loans led the deterioration.
Fannie Delinquency Descends Further, Business Up
Serious mortgage delinquency, which was already lower than at anytime since mid-2008, fell further at Fannie Mae. New business, meantime, also improved.
Further Improvement in Freddie's Delinquency
While monthly new business deteriorated at the Federal Home Loan Mortgage Corp., serious delinquency again declined to a new 7-year low.
New Wholesale Programs Launched
Among several new programs recently offered by wholesale lenders are non-QM loans, reverse mortgages and jumbo mortgages. Commercial mortgage products also hit the market.
Lenders Tout Mortgage Originations
Several mortgage firms recently released data on their home-lending volume, while commercial mortgage lenders also reported activity.
CMBS Delinquency See Saws Lower
After worsening in March, performance improved on securitized commercial real estate loans. Industrial property loans led the decline.