MBA Blasts Credit Reporting Price Hikes; Calls for Ending Tri-Merge Requirement
MBA President and CEO Bob Broeksmit, CMB, released a statement on the recently announced price increases for credit reporting products.
ATTOM: U.S. Foreclosure Activity Sees Eight Straight Months of Increases
ATTOM, Irvine, Calif., reported that in October there were a total of 36,766 U.S. properties with foreclosure filings, up 3% from September and up 19% year-over-year.
ACES Finds Modest Rise in Critical Defect Rate
ACES Quality Management, Denver, found the overall critical defect rate increased from 1.31% in the first quarter of 2025 to 1.51% in the second.
MBA: IMBs Report Production Profits in Third Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $1,201 on each loan they originated in the third quarter, compared to a net production profit of $950 per loan in the second quarter of 2025, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
Delayed September Jobs Report Shows 119,000 Gained; Industry Economists Weigh In
The Bureau of Labor Statistics Nov. 20 released jobs data for September, delayed because of a lapse in federal appropriations during the government shutdown. The report found total nonfarm payroll employment grew by 119,000 in the month.
