In recent weeks, markets are increasingly predicting that inflation and real economic growth will pick up rapidly worldwide as the COVID-19 vaccine continues to be rolled out, and that the central banks are being too pessimistic in their views on monetary policy accommodation and may have to reverse course abruptly. […]
USREOP Updates
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MBA yesterday released its National Delinquency Survey results for the fourth quarter of 2020. The delinquency rate for mortgage loans on one-to-four-unit residential properties at the end of the quarter decreased from a seasonally adjusted rate of 7.65 percent of all loans outstanding in the third quarter to 6.73 percent in the fourth […]
This week’s MBA Chart of the Week chart provides a preview of newly updated pandemic-related household financial insights that MBA’s Research Institute for Housing America (RIHA) will release this coming Monday, February 8, 2021. RIHA analysis of the Understanding America Study (UAS) data, conducted by Gary Engelhardt of Syracuse University […]
Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter of 2020. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes. The third quarter’s year-over-year increase in […]
Lenders tightened mortgage credit in the first half of 2020, as the onset of the COVID-19 pandemic caused the economy to suffer its sharpest single-quarter contraction in history. Mortgage credit availability, as measured by our series of indexes, has recovered slightly in recent months. However, availability is still close to its […]
The American Housing Survey (AHS) is a national longitudinal survey that provides information on the size, quality, composition, and cost of housing. It is sponsored by the U.S. Department of Housing and Urban Development (HUD) and conducted every odd-numbered year by the U.S Census Bureau. Data for 2019 were released […]
The COVID-19 pandemic continued to impact the labor market to close 2020. Today’s release from the U.S. Bureau of Labor Statistics showed that faster layoffs led to a loss of 140,000 jobs in December and kept the headline unemployment rate (U-3) at 6.7 percent. Total employment remains 6.5 percent below […]
One way to gauge potential commercial mortgage-backed securities (CMBS) issuance volume is by looking at the spreads investors are willing to pay for bonds. Based on current new-issue spreads, 2021 could line-up to be a strong year. The spreads investors demand to invest in CMBS are a measure of capital supply. […]
Source: U.S. Bureau of Labor Statistics (BLS) Over the past three months, the pace of job gains has slowed from the rapid recovery seen over the summer. Similarly, the unemployment rate continues to decline, but at a more gradual pace. While the improvement has been positive, neither measure is back […]
MBA released its latest Quarterly Performance Report for the third quarter of 2020 earlier this week. Independent mortgage banks and mortgage subsidiaries of chartered banks reported study-high average pre-tax production profits of 203 basis points ($5,535 on each loan originated) in the third quarter, up from 167 basis points ($4,548 per loan) in the […]
MBA released its National Delinquency Survey results for the third quarter of 2020 last week. The delinquency rate for mortgage loans on one-to-four-unit residential properties at the end of the quarter decreased 57 basis points to a seasonally adjusted rate of 7.65 percent of all loans outstanding. The decrease in the mortgage delinquency rate […]
According to the latest edition of MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance dropped to 5.67 percent of servicers’ portfolio volume as of November 1, 2020 – well below its peak of 8.55 percent as of June 7, 2020. With this declining forbearance rate, the […]
Commercial and multifamily mortgage origination volumes tend to move nearly in lockstep with property sales activity. With the onset of the COVID-19 pandemic, both tumbled, but with some important caveats. The COVID-19 recession is affecting different commercial property types in very different ways. Retail and lodging properties have felt the […]
Economic growth rebounded 33.1 percent in the third quarter of 2020, with multiple segments of the economy – after a sharp 31.4% plunge in the second quarter – showing strong growth. Expressed as an annual rate, consumer spending on durable goods was up more than 80%, business spending on equipment […]
This week’s MBA Chart of the Week chart provides fresh third quarter 2020 insights on the Research Institute for Housing America’s (RIHA) special report released in September that highlighted household financial distress during the second quarter—the first three months of the pandemic. The study, authored by Gary Engelhardt of Syracuse University and […]
One of the most striking aspects of the pandemic’s impact on commercial real estate markets is the markedly disparate impact it is having on different property types. Looking at rent collections, mortgage originations or loan performance, retail and hotel properties – the property types most immediately and dramatically affected by […]
This week’s MBA Chart of the Week highlights the year-over-year growth in purchase applications broken down by loan size tiers from 2018 to 2020. The onset of the COVID-19 pandemic caused a sharp drop in purchase activity in April and May, but there has been a sharp rebound in borrower […]
According to the latest edition of MBA’s Weekly Forbearance and Call Volume Survey, released this week, the share of loans in forbearance dropped to 6.87 percent of servicers’ portfolio volume as of September 20, 2020. The share was the lowest point since mid-April, and 168 basis points below a peak of 8.55 […]
On September 17, the Research Institute for Housing America (RIHA), MBA’s think tank, released a special report on housing-related financial distress during the second quarter – the first three months of the pandemic in the U.S. Gary Engelhardt of Syracuse University and Mike Eriksen of the University of Cincinnati, used a new […]
When real estate professionals discuss the impacts of the COVID-19 pandemic on commercial real estate, their comments generally come in one of four themes: Countercyclical – that properties, such as industrial, may actually benefit from the changes coming about; Speedbump – that properties, such as multifamily, may be temporarily affected […]
The onset of the COVID-19 pandemic, and subsequent business closures that occurred in the months following, resulted in a rapid rise in commercial Chapter 11 bankruptcies, as some businesses were not able to reopen – or reopen at sufficient capacity to survive. There were 528 bankruptcy filings in February 2020, […]
MBA earlier this week released its latest Quarterly Performance Report for the second quarter of 2020. The second quarter report showed a record-high average for net production profit of 167 bps ($4,548 per loan), as well as record-high average origination volume of $1.02 billion per company. In recognition of the upcoming Labor Day holiday, […]
As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health. The boost to the purchase market has come not only […]
MBA released its National Delinquency Survey results for the second quarter of 2020 earlier this week. The key findings revealed that the COVID‐19 pandemic’s effects on some homeowners’ ability to make their mortgage payments could not be more apparent. Mortgage delinquencies spiked 386 basis points from the first quarter to […]
In MBA’s newly released Home Equity Lending Study on lending and servicing of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans (HE Loans), operational metrics such as turn times are tracked to understand efficiencies relative to peers and other credit products. In this week’s chart, we compare the […]
This week’s chart shows the course of the share of loans in forbearance by investor type over the past three months – from the earliest stages of the COVID-19 pandemic to the most recent reporting. According to MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance grew […]
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans. The movement in the share of loans in […]
WASHINGTON – This week, the U.S. Department of Housing and Urban Development (HUD) marks the beginning of Homeownership Month 2020 – a time of year when HUD, the Federal Housing Administration (FHA) and others recognize the importance of homeownership and its impact upon the lives of American families, local neighborhoods, […]
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed mortgage loans now in forbearance increased to 8.16% of servicers’ portfolio volume in as of May 10, up from 7.91% the previous week. MBA now estimates 4.1 million homeowners are in forbearance plans. The report said mortgages backed by Ginnie Mae […]
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased from 7.54% of servicers’ portfolio volume in the prior week to 7.91% as of May 3. MBA now estimates 4 million homeowners are now in forbearance plans. Mortgages backed by Ginnie Mae again saw the largest […]
Source: MBA Forbearance and Call Volume Survey. New survey findings released by MBA this week highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus (COVID-19). According to MBA’s Forbearance and Call Volume Survey, the total number of loans in forbearance grew from 0.25% […]
Our hearts go out to all those impacted by COVID-19—this includes not only those diagnosed with the virus, but also their friends and family, those whose jobs and schools have been impacted and so many more. Our focus is, as always, on the health and safety of our communities.There is […]
In 2019, most of the country experienced a combined decrease in homelessness, however significant increases in unsheltered and chronic homelessness on the West Coast, particularly in California and Oregon, offset those nationwide decreases, causing an overall increase in homelessness of 2.7 percent. HUD’s 2019 Annual Homeless Assessment Report to Congress found that […]
Thank you, Mr. Ed Laine, Hometown Advisor Real Estate, for another great update. It’s a white-hot market!
Great article….good points regarding off-site construction… The Key to Addressing Home Supply Issues
The 2017 cap hit high-price home markets like California and New Jersey A day after impeaching President Donald Trump, the House of Representatives was back in session debating and passing a bill to eliminate the federal cap on property tax deductions. The bill, HR 5377, passed Thursday by a 227 to 196 vote. […]
US REO Partners Board of Directors want to take a moment to thank our members and clients for their support this year. It is in this spirit that we wish you and your family peace, joy, holiday blessings and a prosperous 2020. From our family to yours, US REO Partners
Some organizations now believe the process could be the answer to ramping up affordable housing across the globe. And it could do so quickly—you can print a home in just 24 hours. Icon, a construction tech startup in Austin, and a housing nonprofit called New Story unveiled its first two […]
Los Angeles’ median price was $550,000, up 7.4% from a year earlier- Los Angeles beat San Francisco in November as the hottest real estate market in the nation’s most populous state, according to a report by the California Association of Realtors. The median price of a single-family home in the […]
These ten markets are expected to outperform between now and 2025 On the whole, the nation’s housing prices continued to rise throughout this year and are expected to continue to do so into the foreseeable future. But, according to the National Association of Realtors, there are a handful of markets that are expected to rise […]
FHA Commissioner Shares Achievements and Priorities With Housing Subcommittee Testifying today before the Housing, Community Development and Insurance Subcommittee in the U.S. House of Representatives, Federal Housing Administration Commissioner Brian Montgomery said FHA has made “tremendous strides” in improving the financial performance of its insurance programs, mitigating risks within its […]
Spud Webb slam dunk champion brought his star power to the US REO Partners annual charity dinner and auction benefiting St. Jude Children’s Research Hospital®. More than $70,000 was raised during the event, which was held at Truluck’s Seafood, Steak, and Crab House in Dallas to coincide with the 2019 […]
Thank you, Members and Clients, for making the training session such a success! It was standing room only…
On Sunday afternoon, September 22, from 1:00-3:00 PM, at the Dallas Marriott, US REO Partners is hosting an education session. Our headline speaker will be Ms. Arleas Upton Kea, COO, and Director of the FDIC, who will be speaking on “Doing Business with the Government.” Along with Ms. Upton Kea, […]
Welcome to the next issue of US REO Partners PRTNR Magazine. In this issue, you will find our newest broker members, some of our members’ achievements and awards, and how our association is evolving with the industry. US REO Partners members have had boots on the ground at industry events […]
Congratulations, Molly Merchant, on your recent promotion to Senior Director of REO Asset Management. LRES Corporation, a national residential and commercial mortgage services company providing valuations, REO asset management, and HOA solutions for the mortgage and real estate industry, announced the promotion of Molly Merchant to Senior Director of REO […]
Which would you rather have: A strong market or a steady market? What if you could have both? Learn what part of the market has more than DOUBLED since last year.
Having been with US REO Partners for the past 10 years, I have had the privilege and honor of being among the best REO real estate agents across the United States. The unbelievable networking has given me the opportunity not only to increase my business, but enabled me to make […]
USREOP held a networking luncheon at the Salt Lake City Grand America Hotel prior to the start of the Green River Symposium on March 13. More than 30 members and clients were in attendance for this afternoon of sharing market conditions and client updates. New connections were made, strengthening our […]
It was an exciting week in Orlando, Florida, at the MBA Conference, February 24-28. There were over 1800 lenders, servicers, investors, and attorneys attending the conference at the Orlando Hyatt. Mary Best Brill met three investor clients who have rising inventories and want to meet to discuss US REO Partners […]
It’s been an interesting year in Real Estate, to say the least. The challenges are many as we try to anticipate the market, and what the clients need to know, especially as it pertains to the “repair, rehab or sell as is" question. This issue contains pieces written by some […]
Source: Bureau of Labor Statistics Our chart this week features unemployment rates by educational attainment, as of the July 2018 Employment Situation report. Over the past 12 months, the unemployment rate for workers with less than a high school diploma decreased from 7.0 percent to 5.1 percent, a substantial drop. […]
Attached is “GA HB 410” is the Georgia bill passed by the state legislature that sought to cap HOA payoff letter fees and provide a time frame for production of payoff letters. In Georgia, many HOAs are managed by management companies as opposed to resident volunteers, and the management companies charge […]
Good Tax News for Business Owners I have some great news today for those of you who are business owners or otherwise self-employed. In the past, you needed to provide two years’ worth of tax returns averaging $100,000 in income to qualify for a mortgage. Those requirements have recently changed. […]
According to a survey from the National Association of Realtors, 36% of first-time home buyers are millennials. To hear more about this group and the trends, watch USREOP member, Shawn Luong, latest video.
MEMBER NEWS: Northwest Market Recap February 2018 – Brought to you by US REO Partners Member Ed Laine
January 19, 2018 [ROSELAND, NEW JERSEY] The January 2018 issue of mortgage default trade publication DS News highlighted the Top 25 Women of Law and Stern, Lavinthal & Frankenberg, LLC is pleased to announce that Managing Member Jeanette F. Frankenberg, Esq. was included in the list of esteemed female industry […]
MEMBER NEWS: Northwest Market Recap January 2018 – Brought to you by US REO Partners Member Ed Laine
U.S. REO Partners released the inaugural issue of PRTNR Magazine, the association’s new quarterly, digital publication featuring member-focused content built around client education. This issue features a Pacific Northwest market analysis by Ed Laine, a USREOP broker member; legal analysis by USREOP law firm members Padgett Law Group and Clunk, […]
New ‘private selling officers’ take REO sales online across the state Contained among the many provisions of Ohio House Bill 390, effective since September 2016, is a unique alternative to traditional real estate-owned (REO) sales conducted by Sheriff’s offices across the state of Ohio. The new alternative to taking foreclosed […]
We’ve launched a brand-new website to centralize all of the new things we’re doing on behalf of our members. Check it out online at USREOP.com and learn about a handful of new features and benefits below. NEW QUICK ZIP CODE SEARCH Clients can now find our broker, law firm, and […]
The inaugural issue of PRTNR Magazine will be released on December 15, 2017. If you’re interested in contributing, email us at PRTNR_Magazine@USREOP.com or check out these regular sections to be featured: LOCAL LAW – SPOTLIGHT Law firm members of USREOP can submit a 750+ word article on a recent legal […]
U.S. REO Partners brought it’s annual charity auction & client appreciation dinner back to Dallas, Texas this fall for a fundraising event that raised over $70,000 for St. Jude Children’s Research Hospital. This year’s event attracted nearly 150 attendees to the exclusive member- and invitation-only event. This year’s event was […]