CMBS Delinquency Rises, More Deterioration Ahead

Author:  //  Category: Mortgage

Performance on securitized commercial real estate loans worsened for the second consecutive month, and the outlook is for more deterioration.

As January concluded, delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities was 3.01 percent.

The past-due CMBS rate inched up from 3.00 percent as of year-end 2016. It was the second month in a row that the delinquency rate worsened.


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CMBS Delinquency Rises, More Deterioration Ahead

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Mortgage Risk Rises as Cashout Transactions Grow

Author:  //  Category: Mortgage

An increase in the volume of cashout originations is creating more risk for mortgage investors, according to a new ratings agency report.

Although rising home prices have created more equity for mortgage holders, it is also motivating homeowners to extract equity from their homes

Cashouts are increasing on loans backed by the government-sponsored enterprises and on mortgages included in private-label securitizations.


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6-Month Low for Freddie Business

Author:  //  Category: Mortgage

Secondary activity sank to the slowest level in six months at the Federal Home Loan Mortgage Corp. Delinquency, meantime, fell to a new post-crisis low.

Freddie Mac reported in its Monthly Volume Summary: January 2017 that its total mortgage portfolio concluded the first month of the year at $2.0176 trillion.

The McLean, Virginia-based company’s portfolio climbed from $2.0114 trillion as of year-end 2016. It also grew from $1.9441 trillion at the same point last year.


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6-Month Low for Freddie Business

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Appraisal Services Integrated Into LOS Systems

Author:  //  Category: Mortgage

Appraisal services have been integrated into multiple loan origination systems. Meanwhile, an update has been issued for government appraisals.

The Department of Veterans Affairs said it is continuing its policy of requiring a copy of the agreement or sales contract be provided to the appraiser.

VA explained that the entity that is requesting the appraisal must provide the contract or agreement within one business day of placing the order.


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Appraisal Services Integrated Into LOS Systems

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Cambia Dental Lab Expands Management Pedigree

Author:  //  Category: Mortgage

Recruits Eric Bergio to Supervise Rapidly Expanding Digital Services Department

LAKE FOREST, CALIFORNIA, USA, February 28, 2017 /EINPresswire.com/ — Cambia Dental Lab (www.cambiadentallab.com) announced today that Eric Bergio has joined the Company to …

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Coasts, Mountain Region Lead Home Price Gains

Author:  //  Category: Mortgage

Multiple home price indices continue to ascend. Leading the gains are coastal locations, though the Mountain Region is faring well.

Between November and the final month of last year, estimated prices on U.S. residential properties moved up by 0.4 percent.

Prices in the East South Central climbed 2.1 percent — the biggest month-over-month increase of any census division in the country.


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Coasts, Mountain Region Lead Home Price Gains

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Community First Credit Union To Build New Fleming Island Location

Author:  //  Category: Mortgage

Credit Union to relocate banking center to freestanding location

JACKSONVILLE, FLORIDA, USA, February 28, 2017 /EINPresswire.com/ — Community First Credit Union, a full-service credit union based in Jacksonville with membership open to anyone who lives …

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eZassi Names Jennifer Creech as Chief Executive Officer

Author:  //  Category: Mortgage

Proven software leader joins company to enable next level of growth.

JACKSONVILLE, FL, US, February 28, 2017 /EINPresswire.com/ — eZassi announces that Jennifer Creech has joined the company as Chief Executive Officer, effective January 4th. In her new …

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2017 Home Purchase Financing Forecast Boosted

Author:  //  Category: Mortgage

The volume of home purchase financing expected this year has been lifted. In addition, last year’s overall origination estimate also increased.

U.S. mortgage bankers are expected to generate $335 billion in residential loan production during the first-three months of this year.

Home-lending volume is then expected to rise to $443 billion in the second quarter before settling back to $432 billion three months later.


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2017 Home Purchase Financing Forecast Boosted

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Job Fair in Santa Monica

Author:  //  Category: Mortgage

Companies Meet Talents in Santa Monica – powered by the Santa Monica Chamber of Commerce, Team Plus and ExpertDojo will take place on April 4, 2017.

SANTA MONICA, CALIFORNIA, USA, February 28, 2017 /EINPresswire.com/ — The Santa Monica Chamber of …

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Job Fair in Santa Monica

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