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The number of properties in limbo is up 10.3% from the same time last year, according to Attom Data Solutions.

Issuance volume of asset-backed securities for the year through February 24, 2022

This is the third publicly rated, non-agency securitization to price in more than a decade. The collateral is FHA seasoned, non-performing and re-performing.

Strong economic data was countered by international political developments, sending the 30-year rate lower for the first time in a month.

The New Jersey-specific case could be a sign of how the combined effect of federal debt-collection rules and state regulations may further complicate a compliance-sensitive environment for the industry.

“This puts the performance of inflation solidly back into the limelight” with the “risk that higher prices with the backdrop of heightened geopolitical uncertainty will ultimately be stagflationary.”

Underwriting league tables of asset-backed securities through February 24, 2022

Community lenders may choose to stop serving small businesses rather than absorb the expense of collecting information on race and ethnicity under a proposal by the Consumer Financial Protection Bureau.

Athas Capital Group originated the mortgages, which have an average balance of $408,350, and an average weighted average (WA) original term of 362 months.

Overall application activity was down by more than 40% compared with one year ago, the Mortgage Bankers Association found.