Risk Retention to Exacerbate Maturing CMBS Defaults
Growing defaults from a wave of securitized commercial real estate loans that are maturing are likely to be exacerbated by the upcoming implementation of the risk retention rule.
New Post-Crisis Low Delinquency at Fannie
Serious residential loan delinquency at the Federal National Mortgage Association dropped to the lowest level since it fell into conservatorship.
CMBS Delinquency Jumps to Highest Level Since 2015
The surge in maturing loans has driven up delinquency on securitized commercial real estate loans for the third consecutive month to the highest level since last year.
FHA Contracting Restrictions Eased
Requirements on the utilization of contract employees by Federal Housing Administration mortgagees is being relaxed for some functions.
New Business, Delinquency Worse at Freddie
For the second consecutive month, secondary activity has slowed at the Federal Home Loan Mortgage Corp. Also worsening was delinquency.
FHA Endorsements Fall, Could Go Lower
The monthly volume of residential loans endorsed by the Federal Housing Administration declined and could move even lower. A modest improvement was recorded for delinquency.
Mortgage Delinquency Rises, Foreclosures Down
Although mortgage delinquency rose for the second consecutive month, foreclosures starts were the lowest in more than a decade.
Drop in Loan Modifications Driven by Proprietary
A month-over-month decline in loan modifications completed was driven by proprietary activity. Government-supported modifications saw a year-over-year gain.
Non-Bank Servicing Share Forecasted to Grow
A growing share of the nation's residential loan servicing is expected to be handled by non-banks firms as regulatory scrutiny continues.
Performance Deteriorates on CMBS Due to Maturities
A wave of securitized commercial real estate loans made during better times a decade ago are driving up delinquency.