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MBA Advocacy Update Nov. 27: FHFA ERCF Final Rule; VA & FHA Loss Mitigation News
This week’s top legislative and policy news from the Mortgage Bankers Association.
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ICE First Look for October: Serious Delinquencies Hit Lowest Levels Since 2006
Intercontinental Exchange Inc., Atlanta, released its “first look” at October 2023 month-end mortgage performance statistics, noting that serious delinquencies have fallen to their lowest level in 17 years.
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Redfin: 1 in 3 Homebuyers Paying All Cash, Highest Share in Nearly a Decade
Redfin, Seattle, reported the share of homes bought in all cash hit its highest level since 2014 in September as elevated mortgage rates made paying in cash more attractive.